Japan to invest more in Thailand

Japan to invest more in Thailand

BANGKOK: Japan will increase its investment in Thailand and
other members of the Association of Southeast Asian Nations
(ASEAN), particularly in the automotive industry and its
component industries, as well as in finance.

Chairman of the ASEAN-Japan Business Council Meeting, Staporn
Kavitanon, said on Friday that Japan would reinvest in Thailand,
which is known as one of the most investment-attractive country
compared to other members.

Kavitanon, who is a former chairman of Thailand's Board of
Investment, said the country would offer more attractive packages
to lure in foreign investment, focusing on good governance and
protection of intellectual property rights.

He also said that Thailand would provide tax incentives and
improve business management and workers' skills to welcome the
Japanese investment.

Japan has slowed down its investment in China due to
increasing wages and the strengthening yuan. -- Antara