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Most of the provisions benefits flow to households in the top fifth of all earners, paperless voting machines and better train election officials,贵族宝贝Jelle,saidDuangjai Asawachintachit the BOI’s Secretary General Chachoengsao Chonburi and the Rayong Provinces have been designated for the development of the so-called Eastern Economic Corridor (EEC) a pilot project for the economic development of Thailand’s eastern seaboard "BOI has logged a 5-10 percent increase in investment application value every year" Asawachintachit said "We believe that the 2018 target of720000 million bahtis possible We will focus on industries that are a foundation of the Thai economy including agriculture food digital logistics education tourism and the services industries" Officials at the BOI said the Asia-Pacific region holds economic promise as the growth rate forecast for the region stands at 49 percent per annum over the next 20 years “In 2034 the region will account for 42 percent of global air passenger traffic with an extra 18 billion passengers Given its immense growth potential and budding opportunities many world class aerospace companies are looking to expand and locate their business in the Asia-Pacific region” they said Therefore under the EEC a specific outlay has been made for development especially in the proposed U-Tapao aeropolis Money will be spent on deep sea ports and on a high-speed railway network linking major airports including Bangkok’s Suvarnabhumi airport Why Thailand Thailand is the second-largest economy in the Association of Southeast Asian Nations (ASEAN) region The nation has a$235 trillionmarket and is home to 39 billion people Thailand now is one of the world’s most improved economies in terms of the ease of doing business having implemented eight reforms during the 2016-17 period according to the World Bank’s Doing Business 2018 report The adoption of a secured transactions law bolstered the rights of creditors and borrowers while changes to risk assessment and land administration systems boosted efficiency markedly These reforms and a host of others have created a much more welcoming business climate in that country Not so long ago starting a company in Thailand took an average of 275 days Now it takes less than five demonstrating the southeast Asian nation’s progress the report pointed out Investor benefits The best things in Thailand said Shah are the long-term corporate income tax benefits simple import duty structure support for startups and more importantly the availability of long-term work visas and work permits "The Indian government should also create a business-friendly environment push stable economic and business policies promote manufacturing and re-export" which would help entrepreneurship and boost the government’s ‘Make in India’ programme he said Furthermore to make things easier for potential investors the Thai government has come out with a new type of visa – the SMART Visa programme with an aim to attract highly skilled manpower into the tech sector alongside inviting investors to pump money into startups The SMART Visa is applicable only to foreign experts executives investors and entrepreneurs who wish to go to that country on work or invest in a select band of targeted industries called the ’10 S-Curve’ The 10 S-Curve industries includeautomotive smart electronics medical and wellness tourism agriculture and biotechnology Besides these the Thai government is focused on the food sector automation and robotics aviation and logistics bio-fuels biochemicals and a digital medical hub Investors can also avail of a corporate income tax exemption of up to eight years avail import duty exemptions on raw material and machinery and benefit from a 20 percent income tax rate that is the second lowest among the ASEAN countries The government also provides and matches grants for investment R&D innovation and human resource development for targeted industries (The correspondent was in Thailand on invitation from the Board of Investment Government of Thailand) The United States Postal Service (USPS) approved some 50000 requests from law enforcement officials and its own inspectors in 2013 to track Americans’ mail for security and criminal purposes a New York Times report revealed Monday An internal 2014 USPS audit cited by the Times suggested that the protocol for approving the tracking of US mail suffered from a number of flaws as some requests to track mail were approved without adequate oversight while others didn’t receive immediate attention "Insufficient controls could hinder the Postal Inspection Services ability to conduct effective investigations lead to public concerns over privacy of mail and harm the Postal Services brand" the report found Read the full story in the New York Times Write to Justin Worland at justinworland@timecom In Thailand,Clamping down on Chinese investments in the U

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