A Message From Our New York Director
Dear Partners, Colleagues and Friends,

Happy Summer! I hope our quarterly newsletter finds you well, enjoying your summer and reconnecting with family and loved ones.

Our team here at BOI New York has been speaking with many of you and it feels good to be back to business and hearing about how your companies are weathering the pandemic.

I am pleased to report that the majority of companies we have been working with in North America are doing well, are expanding, and are looking to the future with renewed optimism. Optimism seems to be in abundance across North America and we certainly feel the energy and urgency in our conversations with companies across a wide-range of industry sectors.

Inward investment news from Thailand is positive. A recent report on FDI (foreign direct investment) into Thailand from January to June, indicates that foreign investment applications jumped 14% and FDI into Thailand quadrupled during this time frame. We have seen a great deal of activity in the electrical appliance/electrical sector, as well as increased investment in the medical sector. For a copy of the full FDI report, you can CLICK ON THIS LINK.

Before you review the news and information we have curated for you in our newsletter, I want to make you aware of a webinar that our New York team will be co-hosting with our BOI colleagues in Los Angeles. The topic focuses on Semiconductors and it will be taking place on September 9th, so please be sure to put a "save the date' on your calendars. (You can find a link to the registration below.)

Semiconductors are top-of-mind these days, so be sure to tune in on Thursday, September 9th at 9 am Pacific Time / 12 pm Eastern Time, to learn more about semiconductor solutions in Thailand.

Best wishes to you all and I hope you enjoy these last weeks of summer. As always, my team and I stand ready to assist you with any questions or information you may have regarding doing business in Thailand.

Best regards,

Vorawan Norasucha
Director, New York
Thailand Board of Investment
Webinar September 9th:
Thailand’s Semiconductor and Smart Electronic Manufacturing Solutions

Date : Thursday September 9, 2021
Time: 9 a.m.-10 a.m. (Pacific Time) 12 p.m.-1 p.m. (Eastern Time)

You are invited to join the team of the Thailand Board of Investment and a panel of experts for a free webinar focusing on the semiconductor industry.

Please join the Board of Investment team as they discuss the smart electronics and semiconductor industry, give an in-depth overview of the Thai semiconductor ecosystem and brief webinar participants on incentives and doing business in Thailand.
LATEST NEWS FROM THAILAND
Thai Government Introduces New Tax Holidays for the Semiconductor Industry
Thailand has offered incentives to attract investment in the growing semiconductor, digital and packaging industries to meet rising global demand amid coronavirus outbreaks.

Front-end capital and technology-intensive manufacturing such as wafer fabrication will be given 10-year tax holidays.
   
Thai Energy Company, PTT Invests in Global Renewable Companies and Battery Production in Thailand -Company Opens US Office

Thai energy giant, PTT and its subsidiaries invest heavily in renewable energy companies around the world, including Taiwan and India, to name a few. Doubling down on sustainable energy sources, the company is investing in solar, wind, and other renewable sources. In fact, PTT also recently announced the opening of a U.S. office in Houston.

PTT has also entered into a partnership with Taiwan's Foxconn, the world's largest electronics contract manufacturer, for the production of electric vehicle parts. You can read more about PTT's investments in the news by clicking on the links below.

The investments signal a bigger push towards renewables and sustainability.
BOI OFFERS TAX INCENTIVES TO BOOST PRODUCTION TECHNOLOGY, ROBOTICS

Thailand is making moves to become a leading country with robotic and automation technology by 2026, following investments in robot-based production systems. Thailand is putting emphasis on robotics, automation and systems integration.

Supported by a new tax incentive, Thailand is poised to become the Asian leader in robotics and other production technologies.
 
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