Discussion about Reduction of BOI Promotion Continues

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Following a controversial debate, the Thai Board of Investment (“BOI”) has decided to postpone the implementation of a new BOI policy which was scheduled to be announced in March and to come into effect in June this year.

The BOI earlier gave notice of its intention to change their foreign investment promotion policy following a Cabinet resolution dated 11 October 2011, and asked for comments and recommendations from the private sector. The proposals have been presented as a draft and are subject to further revision. However, foreign investors are alarmed – if the changes are realized, they will result in significant cutbacks in the overall volume of BOI incentives and a fundamental change of the BOI policy.

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