The government plans to revise various regulations in immigration, foreign business and other areas to attract more foreign direct investment next year.
The changes in law will also cover foreign workers, excise tax, city planning, biodiversity, the movie and video business, and energy sector, including infrastructure and alternative energy.
The government is targeting to achieve at least 85% of the proposed revisions under its “regulatory guillotine” scheme next year, said a government source.
The Public Sector Development Commission has led the mission to make doing business in Thailand much easier than it is today.
The current laws and related regulations have burdened businesses and consumers to a tune of about Bt142 billion (US$4.7 billion) annually.
The Thailand…
