Thailand unveils two weapons to attract foreign investment

Microsoft has committed to invest in Thailand as an AI hub in Asia, establishing a regional cloud data centre and AI Centre of Excellence.

Narit said the Memorandum of Understanding (MOU) with Microsoft covers not just financial investment but also the development of digital government systems, the State Cloud project, elevating digital workforce skills, enhancing cybersecurity, and fostering knowledge in AI.

Focus on clean energy and Global Minimum Tax

The BOI has highlighted clean energy and compliance with the Global Minimum Tax (GMT) as crucial tools for attracting investments amid global uncertainty. By embracing clean energy, Thailand aims to position itself as a responsible and sustainable investment destination. Additionally, the country’s commitment to joining the GMT next year demonstrates commitment to fair and transparent economic practices, aligning with…