- HEADLINES [click on headline to view story]:
BOI proposal to boost industrial competitiveness
SET plummets in wake of tsunami
BOI proposal to boost
The state-run Board of Investment of Thailand (BOI) has
proposed to its board to grant promotional privileges to corporations which
can boost competitiveness, or will be able to solve industrial problems.
At the meeting, sources said the BOI board will consider
investment projects which do not create direct profits such as investment on
research and development (R&D), improvement of machinery technology, and
development of alternative energy and ways to solve environmental problems.
Enterprises which have already invested in these areas
and have not yet received promotional privileges, or their privileges have
already expired, can apply so that they can be exempted from import tariffs
and corporate tax, suggested the sources. (TNA)
in wake of tsunami
The Thai stock market fell by 6.49 points on December 27
as investors rushed to sell off stocks in hotel groups following devastating
tidal wave attack on December 26.
The Stock Exchange of Thailand (SET) plummeted by 14.76
points to stand at 655.59 points, before rallying to close at 663.86 points
in the afternoon on the back of trading worth over 15.4 billion baht.
Worst affected were stocks in hotel companies, with
investors noticeably jittery over the tsunamis which smashed into beach
An analyst from the Soros Company attributed the heavy
selling to the psychological effects of the disaster, which he said would
have a direct impact on the tourism industry, with hotels, restaurants and
insurance companies particularly badly hit. However, he noted that the stock
market had picked up slightly in the afternoon, with foreign and small-scale
investors making purchases in the food, construction and medical sectors.
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