PM: Economy to strengthen in a few years

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Prime Minister General Prayut Cha-o-cha has calmed down worries over the country’s economic slowdown, saying that a number of investments are going to take shape soon.

In his weekly talk program televised nationwide, Gen Prayut said Thai people would see positive changes in the country’s economy within a couple of years by which time various infrastructure and investment projects should be completed.

Gen Prayut revealed that the government had mapped out tax incentives and benefits to assure existing and new foreign investors of the country’s economic potential. Related laws are being reviewed to facilitate the economic development.

To ensure career opportunities, several development projects are being expanded to small provinces and towns. Small and medium businesses have also received government support. Meanwhile, the Board of Investment of Thailand (BOI) had formulated strategic plans to promote trade and investments in the special economic zones.