Publication of the Thailand Board of Investment
• Cover Story • News Bites • BOI Net Applications • Industry Focus • BOI's Overseas Investment Center • North South Corridor Strengthened • Top 10 Locations to Retire • Annual Meeting of BOI Overseas Offices • Going Green: The Future is Now • Thai Tax Comparatively Low • Thailand Economy-At-A-Glance

Growth Amid Challenges Thailand's economy continues to grow in the face of domestic and international challenges. The National Economic and Social Development Board has indicated that the country could grow by 4 to 5 percent in 2014, and the United Nations Economic and Social Commission for Asia and the Pacifi c estimates growth for the year at 4.5 percent. Read more...

Thailand's Film Industry The cinema of Thailand dates back to the early days of filmmaking, when King Chulalongkorn's visit to Bern, Switzerland in 1897 was recorded by Francois-Henri Lavancy-Clarke. Subsequently, the film was brought to Bangkok, where it was exhibited publicly. This sparked more interest in film by the Royal Family and local businessmen, who brought in filmmaking equipment and started to put on display foreign films. By the 1920s, a local film industry was started and in the 1930s, the Thai film industry had its first "golden age", with a number of studios producing movies. Read more...

BOI's Overseas Investment Center In the middle of 2012, the Board of investment approved the establishment of an overseas investment center to assist Thai nationals to invest abroad, initially in other ASEAN countries, but also in China, India and other regional neighbors. The center opened at the end of 2012, and is headed by Siriporn Nurugsa, Executive Director of Thai Overseas Investment Promotion Division. Read more...

North South Corridor Strengthened The Asian development Bank (ADB) reports that the member countries of the Greater Mekong Subregion (GMS) have agreed to draw up a $50 billion pipeline of potential projects under a new Regional Investment Framework (RIF). These projects would include investments in railways and would be made over the next decade. Read more...

Top 10 Locations to Retire In a recent survey special report by International Living Publishing Ltd, Thailand has been ranked among the top 10 locations to retire. The report notes the very low cost of living in Thailand, including dining, housing and good quality medical care. Read more...

Annual Meeting of BOI Overseas Offices Despite internal political tensions and natural calamities, The Kingdom of Thailand continues to maintain an open, market-oriented economy that encourages foreign direct investment as a means of promoting economic development, employment, and technology transfer. In recent decades, Thailand has been a major destination for foreign direct investment, and hundreds of multinational corporations have invested in the Kingdom successfully. Thailand continues to engage the entire world in both trade and commerce and seeks to avoid dependence on any one country as a source of capital investment. Today foreign and local investors are eagerly anticipating the implementation of an improved government water management plan and a comprehensive transportation infrastructure project, which will be critical elements in enhancing Thailand's global competitiveness and asserting the Kingdom's primacy in the ASEAN Economic Community from 2015 onwards. Read more...

Going Green: The Future is Now In the years since the BOI Fair was successfully held in Bangkok, under the theme of going green for the future, Thailand has remained committed to adopting a more environmentally friendly and sustainable path to development. Read more...

Thai Tax Comparatively Low In its Paying Taxes 2014: The global picture, A comparison of tax systems in 189 economies worldwide, PricewaterhouseCoopers International Ltd. writes "…the global average Total Tax Rate has continued to fall in 2012, 14 economies have significantly increased their rate while 14 have reduced it." The average for the Asia Pacific region, 36.4 percent, is below the global average, with profit taxes accounting for the largest portion of the Total Tax Rate. In fact, the report notes that in 23 of the 37 economies in the region taxes on profits account for more than half of the Total Tax Rate. The trend in the region is, however, for increasing labor taxes and reducing other taxes, which is also consistent with a global trend. Read more...

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For more information about investment opportunities in Thailand, click www.boi.go.th The BOI Investment Review is a monthly publication of the Thailand Board of Investment.   Any questions or comments regarding content may be addressed to marketing@boi.go.th or the BOI Marketing Division at Tel. 66 2553 8217.