The cabinet yesterday approved a new investment stimulus measure through which the government pledges funds to match local administrations' investments. Investment projects are required to not overlap with those already planned for within the 2017 budget. Yesterday the cabinet approved an extension of the 7% value-added tax (VAT) rate for another year, until Sept 1, 2017. Nathaporn Chatusripitak, an adviser to Commerce Minister Apiradi Tantraporn, said the cabinet also approved the draft 12th National Economic and Social Development Plan (2017-2021). The 12th development plan involves 10 strategies, with an estimated 3 trillion baht in state investment.

Source: Bangkok Post September 14, 2016 00:00 UTC