BOI approves measures to help flood-affected businesses

New measures unveiled to relieve impact from strong baht

Thailand Board of Investment (BOI) has offered new measures to help alleviate difficulties experienced by manufacturer affected by flooding and the strong baht. Under the terms of these new measures, those affected by the floods will be granted an import duty exemption for machinery, while those affected by the strong baht will be granted various incentives, including import duty exemption for raw materials for 10 additional businesses, and a relaxing of some conditions for SMEs.

Mr. Chaiwuti Bannawat, Minister of Industry, said that the BOI’s Board meeting, chaired by Prime Minister Abhisit Vejjajiva, recently approved various measures to help BOI-promoted businesses that have been affected by the recent flood. Under the new measures, they will be granted import duty exemption when they import new machinery to replace that damaged by the flood. This measure will cover businesses in all zones across the country, including those that may be affected by flooding in the future. Read More