In a meeting with the Board of Investment (BOI), the Prime Minister discussed his government’s objectives to improve conditions for small businesses. Plans intend for the local economy to grow steadily.
Gen. Prayut Chan-o-cha, the Prime Minister of Thailand, attended the Board of Investment meeting and praised the board for its efforts to support local firms. The sandbox concept is an integral aspect of this work.
Small and medium-sized businesses, community businesses, and startups all have a fair chance to succeed under this paradigm since the government facilitates their growth.
The Prime Minister has tasked the BOI with devising a strategy to entice competitive enterprises to set up shop in Thailand.
In addition to the EEC, General Prayut urged the BOI to prioritize investments in the East-West Economic Corridor (EEC) since it is more likely to benefit micro, small, and medium-sized enterprises (MSMEs) and the local economy.
He advocated that the board implement a set of promotional measures designed to improve local communities while also bolstering the Southern Economic Corridor.
