BOI to now support Thai investments overseas

• The Board of Investment (BoI) is planning new incentives that it hopes will help Thai investment overseas triple in value over the next five years to US$10 billion.
• BoI incentives currently apply only to projects in Thailand. The BoI's new role supporting investment overseas was recently initiated by the government.
• "The government's move is aimed at getting local investors to tap into the opportunity overseas as the benefits and business opportunity are greater as a result of trade liberalisation through free trade agreements," said Atchaka Brimble, the BoI secretary-general.
• By the end of 2014, she said, the BoI hoped to lift local investment overseas to $10 billion from $2.83 billion recorded in 2008.