Thailand’s Board of Investment (BOI) is accelerating investment approvals, aiming to expedite projects totaling 300 billion baht within the next four months, as officials step up efforts to revive economic momentum, Secretary General at Thailand Board of Investment (BOI) Narit Therdsteerasukdi said on Friday.
The BOI will prioritize facilitation and streamline regulations for about 70 planned projects, with a focus spanning data centers, electronics, and power generation, according to Narit. These sectors are seen as vital to driving growth amid persistent global and domestic economic headwinds.
This investment initiative represents a fresh attempt by Thai authorities to stimulate Southeast Asia’s second-largest economy, which has struggled with U.S. tariffs, elevated household debt, and a robust baht that weighs on exports.
In a separate move earlier this week, the government announced new incentives aimed at encouraging domestic tourism—a further step in a series of fiscal and policy measures intended to push GDP growth beyond the 2.2% mark in 2025, according to official sources.
