Mr Apisak spoke after chairing a discussion among economic-related agencies, where it was revealed that the number of investment privilege applications in the first quarter was close to the same period last year. This was despite greater efforts and further tax incentives offered by the government in a bid to boost foreign direct investment (FDI). The first quarter of this year saw total new application requests for investment incentives reach 293, compared with 297 in the same period of 2016. "I asked the BOI to figure out the reason behind the declining FDI," Mr Apisak said. Once the government acknowledges the root cause of the problem, it will be able to find the right way to improve the measures in a bid to achieve the country's FDI target, Mr Apisak said.

Source: Bangkok Post April 29, 2017 00:11 UTC