Dawei, Burma, Deep Sea Port Offers Investment Opportunities
Thailand's Board of Investment (BOI) says the joint deep sea port will also surge new business & foreign investment into Thailand. BOI believe that the Dawei Deep Sea Port and Industrial Estate in Myanmar (Burma) will become an important drive for economic growth in this region, offering a shortcut for logistics and bringing new business opportunities and foreign investment to Thailand. After conclusion on signing of Memorandum of Understand between Thailand and Myanmar to construct Dawei Deep Sea Port…
Thailand’s Shipbuilding Plan to be Discussed
Thailand’s shipping agencies and the private sector plan to meet by the middle of next month to work out an action plan to develop and promote shipbuilding in Thailand. The Bangkok Post reported that the Industry Ministry had drawn up an action plan, but proposals needed to be substantiated. The National Economic and Social Development Board (NESDB) proposes that the Board of Investment (BoI) promote shipbuilding in Thailand, namely ships between 5,000 tons and 100,000 tons, and grants the industry special status, so it can enjoy the greatest promotional privileges. These include tax breaks of up to eight years and exemption from import duty on machinery.
