Thailand: BOI approves measures to help flood-affected businesses, new measures unveiled to relieve impact from strong baht.

Section: Investment - Thailand Board of Investment (BOI) has offered new measures to help alleviate difficulties experienced by manufacturers affected by flooding and the strong baht.

Under the terms of these new measures, those affected by the floods will be granted an import duty exemption for machinery, while those affected by the strong baht will be granted various incentives, including import duty exemption for raw materials for 10 additional businesses, and a relaxing of some conditions for SMEs.

Mr. Chaiwuti Bannawat, Minister of Industry, said that the BOI's Board meeting, chaired by Prime Minister Abhisit Ajjajiva, recently approved various measures to help …