The document discusses developments in Thailand's automation, robotics, and industrial subcontracting industries. It summarizes SUBCON Thailand 2016, an annual international industrial subcontracting and business matching event. The event facilitates business partnerships and matches over 350 industrial subcontractors with buyers from 18 countries. Recent editions have resulted in over $224 million in transactions. The document also discusses growth in Thailand's automation and robotics industries, highlighting opportunities in key sectors like automotive and electronics. The Board of Investment provides incentives for investments in future industries like automation.
BOI recognizes the importance of automation and robotics and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Thailand is already a significant market for industrial robots. In
2017, Thailand was the 3rd largest market in ASEAN and, by 2018, it was estimated to have become the 2nd largest. Recognizing the importance of automation and robotics, the Thai government has implemented various measures to promote the growth of these key industries. The use of industrial robots in the country is therefore expected to continue growing.
Thailand defines International Business Centers (IBC) as a company incorporated in Thailand that provides managerial, technical, support, or financial management services to its associated enterprises, whether located in Thailand or overseas.
BOI recognizes the importance of automation and robotics and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Thailand is already a significant market for industrial robots. In
2017, Thailand was the 3rd largest market in ASEAN and, by 2018, it was estimated to have become the 2nd largest. Recognizing the importance of automation and robotics, the Thai government has implemented various measures to promote the growth of these key industries. The use of industrial robots in the country is therefore expected to continue growing.
Thailand defines International Business Centers (IBC) as a company incorporated in Thailand that provides managerial, technical, support, or financial management services to its associated enterprises, whether located in Thailand or overseas.
Thailand serves as an economic hub of Asia by virtue of its strategic location in the heart of the AEC benefiting production, trade, exports, and logistics. The country borders Cambodia, Laos, Myanmar, and is a short distance from Vietnam, countries known as CLMV, which are undergoing rapid growth. Thailand is therefore one of the most suitable investment destinations - connecting Asia to the world.
Presented by Ms. Ajarin Pattanapanchai, at the seminar "Thailand: Business Opportunities for Quebec Companies" on March 1, 2016 at Hotel Omni Mont-Royal, Montreal, Canada
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
BOI recognizes the importance of aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
Thailand has been undoubtedly one of the most desirable places for starting businesses for more than 30 years. The continuity of policies and privileges from government agencies helped develop Thailand to become the second-biggest economy in Southeast Asia.
BOI recognizes the importance of the aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Thailand's medical devices sector is one of the most well-known and well-established sectors in ASEAN countries. To better illustrate, the trade value for this industry is 19.93 billion US dollars.
Thailand serves as an economic hub of Asia by virtue of its strategic location in the heart of the AEC benefiting production, trade, exports, and logistics. The country borders Cambodia, Laos, Myanmar, and is a short distance from Vietnam, countries known as CLMV, which are undergoing rapid growth. Thailand is therefore one of the most suitable investment destinations - connecting Asia to the world.
Presented by Ms. Ajarin Pattanapanchai, at the seminar "Thailand: Business Opportunities for Quebec Companies" on March 1, 2016 at Hotel Omni Mont-Royal, Montreal, Canada
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
BOI recognizes the importance of aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
Thailand has been undoubtedly one of the most desirable places for starting businesses for more than 30 years. The continuity of policies and privileges from government agencies helped develop Thailand to become the second-biggest economy in Southeast Asia.
BOI recognizes the importance of the aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Thailand's medical devices sector is one of the most well-known and well-established sectors in ASEAN countries. To better illustrate, the trade value for this industry is 19.93 billion US dollars.
RISE OF THE ROBOTS: A HISTORY OF AUTOMATION IN THAILANDPeerasak C.
Thailand Investment Review | Robots developed and used in Thailand | "In this era of Thailand 4.0, with the country making great efforts to establish itself as the No. 1 medical hub of Asia, it is no surprise that robot-assisted surgery is already available in some of Thailand’s leading hospitals. Last year, Ramathibodi Hospital in Bangkok successfully completed its first robotassisted brain surgery ever performed in Asia. Able to provide greater precision in the extremely delicate procedure, the robot was involved in an operation to remove a two centimeter tumor from a 77-year-old man." --- Should you need more information, please contact head@boi.go.th / Investment Services Center / Office of the Board of Investment of Thailand / 555 Vipavadi-Rangsit Rd., Chatuchak, Bangkok 10900 THAILAND. Tel. +662 553 8111. E-mail: head@boi.go.th. Website: www.boi.go.th.
THAILAND INVESTMENT REVIEW. APRIL 2018.Peerasak C.
THAILAND TAKING OFF
TO NEW HEIGHTS
With Thailand’s journey towards fulfilling its 4.0 vision now gathering pace and soaring high, one of
the Thailand Board of Investment’s most important public events of the year took place on March 19,
2018 under the celebratory tagline “Thailand Taking off to New Heights”.
Thai AutoBook 2015: Thailand Automotive Cluster EditionUli Kaiser
Thai AutoBook 2015: Thailand Automotive Cluster Edition
The Thailand AutoBook 2014 is a comprehensive overview about the Thai Auto industry and the main players: OEMs, The Thai Automotive Cluster, Tier 1 Suppliers from Japan, USA, Europe and Australia, Automotive Organizations, Industrial Estates, Events and Media and much more. It also includes detailed statistics about Automotive sales, market share, OEM capacities and information about new programs 2013-15.
This 'Thai Automotive Cluster Version' is a free edition to support the participation of 10 Thai companies at IZB 2014, organised by Thai European Business Association (TEBA) and does NOT include the Japanese, European and North American suppliers.
Similar to Thailand Investment Review, April 2016 (20)
The Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide information regarding investment promotion, including benefits and privileges, list of eligible activities, related announcements and, also, investment promotion application’s criteria and conditions.
The guide provides an overview of the business environment in Thailand, with information about company establishment, taxation, intellectual property rights, and legal issues.
Presented by Asst. Prof. Nayot Kurukitkoson, PhD, Executive Committee of the EEC Human Development Center, and Vice President for EEC Affairs, Burapha University, on March 16, 2023
Thailand has an extensive innovation network made up of various supporting parties, from government bodies, the private sector, to venture capital and other organizations including research laboratories and academic institutions.
Thailand is the perfect second home for expats. The country was ranked 14th out of 59 global locations with the nation’s capital Bangkok placing 4th in Asia in the Expat City Ranking 2021,5 with the majority of expats expressing satisfaction with the cost of living and their quality of life in Thailand.
The Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide information regarding investment promotion, including benefits and privileges, list of eligible activities, related announcements and, also, investment promotion application’s criteria and conditions.
Thailand is introducing a new visa called “Long-Term Resident (LTR )” which is a program that provides a range of tax and non-tax benefits to enhance the country’s attractiveness as a regional hub for living and doing business for high potential foreigners.
Presented by Mr. Varghese Poulouse Nalian, President & General Manager of Performance Additives Business, Momentive Performance Materials (Thailand), on June 29, 2022
This measure is aimed to promote investment in targeted activities in three provinces – Chachoengsao, Chon Buri, and Rayong, as well as to encourage private sector to participate in human resource development. As EEC development is part of the policy to drive Thailand towards Thailand 4.0, investors in the targeted activities located in designated areas or in promoted industrial estates/industrial zones, or the investors involved in the human resource development in the EEC will enjoy additional tax incentives, apart from a standard tax package.
Thailand is introducing a new visa under "Long-Term Resident (LTR)" program, which provides a wide range of tax and non-tax benefits to enhance the country's attractiveness as a regional hub for living and doing business for "high-potential" foreigners.
More from Thailand Board of Investment North America (20)
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
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➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
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Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Memorandum Of Association Constitution of Company.ppt
Thailand Investment Review, April 2016
1. April 2016 vol. 26 no. 4
Thailand Investment Review
Thailand Arbitration Center Offers
Business Care Support To Investors
Thailand, a Growing Market for
Automation and Robotics
CT Asia Robotics Leads the Way In
Thailand’s Robotics Revolution
thailand board of investment
www.boi.go.th
SUBCON Thailand Continues To Link Regional
Manufacturing To Global Industries
SUBCONThailand2016FamedforbeingAsia’sLargestInternationalIndustrialSubcontracting
and Business Matching Event that focuses on industrial linkage development
2. THAILAND INVESTMENT REVIEW02
april
2016
TIR
boi net application (jan-feb 2016)
foreign INVESTMENT BY major economies
FOREIGN INVESTMENT BY TARGET SECTOR
TOTAL INVESTMENT
187 Projects
919 m
TOTAL Foreign
INVESTMENT
120 Projects
354 M
page
BOI Net Application 02
Cover Story :
SUBCON Thailand Continues To Link Regional Manufacturing To Global Industries 03-04
Industry Focus :
Thailand, a Growing Market for Automation and Robotics 05-06
News Bites 06
Company Interview :
CT Asia Robotics Leads the Way In Thailand’s Robotics Revolution 07-08
Short Article :
Thailand Arbitration Center Offers Business Care Support To Investors 09
BOI's Missions and Events 10
Thailand Economy-At-A-Glance 11
About BOI 12
CONTENT
TIR
APRIL 2016
usa
2 projects
0.3 m
europe
23 projects
82 m
china
13 projects
107 m
thailand
singapore
12 projects
10 m
australia
4 projects
7 m
malaysia
4 projects
7 m
hong kong
6 projects
31 m
TAIWAN
3 projects
13 m
JAPAN
43 projects
72 m
Unit: US$ (US$ = 35.30 THB )
Note: Investment projects with foreign equity participation from more than one country are reported in the figures for both countries / Statistics on net applications are adjusted
whenever applications are returned to applicants due to insufficient information.
For more details, please see link http://www.boi.go.th/index.php?page=Report_investment
Digital
16 Projects
4 M
logistics
1 Project
12 m
value-added
agriculture
6 Projects
61 M
Intl. Business Hub
25 Projects
16 M
science, tech
& innovation
25 Projects
420 M
india
3 projects
16 m
Other target sectors : 1 project (2 M)
3. THAILAND INVESTMENT REVIEW 03
april
2016
TIR
cover story
The Thailand Board of Investment
(BOI), the BOI Unit for Industrial
Linkage Development (BUILD) and
UBM Asia (Thailand) are proud to
present SUBCON Thailand 2016.
Famed for being ASEAN’s Largest
International Industrial Subcontracting
and Business Matching Event
that focuses on industrial
linkage development,
the 10th
exciting
edition represents
an ideal opportunity
for entrepreneurs to
find new businesses
as well as establish
long-term, global
partnerships.
With the ASEAN Economic
Community (AEC) now a reality,
SUBCON Thailand 2016 offers
excellent opportunities for business
expansion, with the support and
benefit of government investment
policies. Featuring more than 350
industrial subcontractors, the event
provides buyers and manufacturers
from 18 countries, with opportunities
to view and source a wide range
of locally manufactured parts and
components. Industrial-part makers in
multiple industries will have unique
opportunities to establish partnerships
with large Tier 1 and Tier 2
corporations.
Attended by an
average of 25,000
industrial part-
buyers from around
the world annually,
the exhibitors
include both domestic
and international
manufacturers and suppliers
of industrial parts in the aerospace,
metal, medical, machinery, plastic,
rubber, construction, electrical
appliances and electronics industries,
and other related supporting industries
such as logistics and service providers.
Around 21,490 international buyers
and visitors participated in the 2015
show which had a transaction
value of THB 7.92 billion (USD
224 million), with more expected
in follow-up deals. Representatives
from 375 companies were present
and about 4,611 business matches
were made.
This premier event not only
helps businesses to expand and
grow, but it also showcases
Thailand’s industrial sub-contracting
potential and promotes the country
as an ASEAN investment hub.
It also publicizes the government’s
support in the form of policies
and incentives, helping to increase
investor’s confidence in the Thai
industries.
Key Unique Business
Advantages
SUBCON Thailand offers
a number of unique business
advantages over similar events. Firstly
it facilitates business negotiations
and business matching allowing the
SUBCON Thailand
Continues To Link Regional
Manufacturing To Global Industries
l
coral
an
SUBCON Thailand
has a track record of
around THB45billion
(USD1.3billion) of business
transactions conducted
over a 9 year period with
over 25,000 business
matches
SUBCONSUBCON THAILAND 2016
ASEAN'S LARGEST INTERNATIONAL INDUSTRIAL SUBCONTRACTING EVENT
4. THAILAND INVESTMENT REVIEW04
april
2016
TIR
respective parties to build mutually
beneficially relationships.
Secondly it provides
manufacturers the best
possible opportunity
to showcase their
products andservices.
Thirdly it acts as an
excellent business
platform for new
industries such as
medical devices, aerospace
etc. introducing part-makers
Why should you attend SUBCON Thailand 2016?
es
s
SUBCON Thailand
2016 will also feature
seminars on key future
industries such as the
Aerospace and Medical
Device industries
to these future industries in the
form of seminars.
The special ‘Business
M a t c h m a k i n g
Program’ connects
top industrial part
buyers with Thai
subcontractors
to source parts,
establish business
collaborations and
identify new marketing
channels. Registered part-
buyers can set up appointments in
advance with suppliers who fulfill
their requirements, through an online
program, saving everyone valuable
time.Topglobalmanufacturers,suchas
Suzuki, Mitsubishi Electric, Samsung
Electronics, Honda Trading, Mercedes
Benz,tonameafew,will be able toeasily
interact with representatives from
Thailand's diverse industries.
Participating buyers will be able
to features their part requirements at
a Buyer’s Village while an Industrial
Clinic will assist entrepreneurs with
valuable advice from government and
private agencies. The Academic-to-
Business (A2B) program will help
manufacturers link with educational
institutions and research agencies,
to commercialize their innovations.
Future Business Potential
Anew feature this year is a special
showcasethathighlights manufacturing
technology and innovation in the
medical device industry. There is
high demand for medical devices
and equipment, as medical facilities
improve at hospitals and clinics, with
old equipment being replaced by
more advanced devices. As most of
the sophisticated equipment used at
present is imported, there are excellent
opportunities for investors to explore
the Medical Device industry.
Business Matchmaking & Business Transactions: 2007-2015
5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
12
10
8
6
4
2
0
2007
1.20
2.56
3.02
4.53
5.48
6.33
6.80 7.05
7.92
1,024
1,563
2,041
2,537
3,109
3,473
3,540 3,826
4,611
2008 2009 2010 2011 2012 2013 2014 2015
We invite you to join SUBCON Thailand 2016 and take advantage of this golden opportunity to interact
with key industry leaders and attend seminars that will cover business strategies, product development and
investment opportunity analyses. This highly successful international event will take place from Wednesday
to Saturday, 11-14 May 2016 at the Bangkok International Trade and Exhibition Centre (BITEC). BITEC
is a leading convention center and it is located in Bang Na district in Bangkok. Opening hours are from
10:00 to 18:00.
Investors considering Thailand will not only have access to the country’s local population of 67 million people,
but also over three hundred million people in the Greater Mekong sub-region (GMS), over six hundred million
in the ASEAN Community and over 3 billion people in the Regional Comprehensive Economic Partnership
(RCEP). Given the immense potential that exists here in terms of creating and establishing business partnerships
that serve some of the world’s largest markets, SUBCON Thailand 2016 is not an event to be missed.
Business Transactions
(Billions THB)
Business Matching
(Paris)
Business Matching
Financial Transactions
5. THAILAND INVESTMENT REVIEW 05
april
2016
TIR
industry focus
Thailand, a Growing Market for
Automation and Robotics
Automation and Robotics
Usher In A New Era
Over the past half a century,
dynamic advances in automation
and robotics have been transforming
both business and society.Automation
and robotics were initially used to
increase productivity on the production
floor of factories and utilized simple
technologies. Now however, many
corporations around the world are
transitioning into Industry 4.0, making
use of artificial intelligence, big data
management, and the Internet of
Things (IoT) to seamlessly work
together, to exponentially increase
both production and productivity.
Rising Automation and
Robotics Industry
Both automation and robotics
have gained an important foothold in
Thailand’s growth and development.
Many universities in Thailand offer
courses for students interested in this
field, with the most specialized course
being offered by the Institute of Field
Robotics (FIBO) at King Mongkut’s
University of Technology, Thonburi.
Many robots developed in-house
by universities and private companies,
in both the industrial and service
categories, have also found use in
real world applications. Mahidol
University’s Bartlab Rescue Robot,
Hive Ground’s Flare Stack Inspection
Drone and Zeabus Autonomous
Underwater vehicle (AUV), and CT
Asia Robotics’s Dinsow Robot are
some prominent examples. Given
these advances, it is evident that Thai
researchers and engineers possess the
necessary skills and technical know-
how, and that Thailand is ready to be
a hub for investment in these areas.
Investors can also draw upon
the country’s other established
advantages, such as its high user
base, especially in the Automotive
and Electrical and Electronics
industries - two prominent areas
that demonstrate high automation
and robotics growth globally
Thai MarketPlace:
Opportunities
The International Federation of
Robotics (IFR) considers the above
two industries to be the two major
industries that drive global automation
and robotics growth. Since 2010,
the automotive industry has
considerably increased investments
in industrial robots worldwide, with
an average sales growth (CAGR) of
27% (2010-2014).As for the electrical
and electronics industry, global robot
sales increased considerably by 34%
(2014) to 48,400 units, reaching
a new peak due to the rising demand
for electronic products and the need
to automate production.
Thesesalesgrowthnumberssignify
big opportunities in Thailand as the
country is a hub for automotive and
electrical and electronics production
in ASEAN. Thailand ranked 12th
globally for motor vehicle production
and 6th
for commercial vehicle
production in 2015. As for the
electrical and electronics industry,
6. THAILAND INVESTMENT REVIEW06
april
2016
TIR
NEWS BITEs
Thai Robot Helps Scientists Forecast Weather More Accurately
A Thai robot capable of climbing towers to collect air samples is helping scientists monitor pollution and
weather conditions at different heights. Built by researchers at Kasetsart University, Bangkok, the robot can
analyze greenhouse gases and measure the concentration of minute particles. Scientists can use the data it
collects, to model weather patterns and improve their forecast accuracy. The project is important because it
represents a new way of monitoring air quality that is automated, reliable, low-cost and low-maintenance. By
removing the need for air sampling equipment to be transported by human operators to high locations and the
associated costs involved with employing them, the robot represents a safe and long-term solution that will
also help scientists to study trends in the context of climate change and urbanization.
Thai Scientists Create Low-Cost Automatic Medicine Dispenser
An automatic medicine dispenser called B-Hive1, has been developed by scientists at the Institute of Field
Robotics (FIBO) at King Mongkut's University of Technology Thonburi (KMUTT), in collaboration with the
Thailand Center of Excellence for Life Sciences (TCELS) and Supreme Hitera Co., Ltd, under the "Talent
Mobility" project. Designed to make dispensing medicines faster, the device is capable of receiving as many as
150 prescriptions per hour directly from doctors and dispensing medication accordingly. Not only is it expected
to ease the workload of pharmacists, but it is also much more affordable, costing about half the cost of similar
devices. B-Hive1 is ready for commercial use.
Thailand has experienced a 7% growth
in export value as measured from
2011, reaching an impressive figure
of THB 435 billion (USD 12 billion)
in 2015. The country is also renowned
for being the second largest global
producer and exporter of data storage
units like Hard Disk Drives (HDD).
According to FIBO, the import
value of machinery related to
automation in Thailand is around
THB 100 billion (USD
3 billion) per year.
This large import
figure showcases
the high local
demand that
exists for these
products; the
investment
opportunities
here are huge.
Currently, many
big corporations in
Thailand, both private and
public, are also actively looking to
develop systems related to automation
and robotics.
BOI Incentives Encourage
Growth
The BOI recognizes the importance
of automation and robotics and
they belong to the future industries
promoted under the Super Cluster
category. Examples of activities
eligible for incentives in these
industries include microelectronics
design, embedded system design,
and embedded software. Recently,
the BOI approved additional
activities to expedite
investment projects in
these future industries.
High value-added
softwaredevelopment
is one of those
additional activities
a n d i t i n c l u d e s
developing system
software for advanced
technology devices (including
business process management) and
developing industrial software used
to support manufacturing. Investors
can apply for general incentives that
includean8yearincometaxexemption
and import duty on machinery,
and raw materials. However,
they can apply for incentives under
the Super Cluster policy if they
meet certain specific criteria and
not only get an 8 year income tax
exemption, but also 50% Corporate
Income Tax (CIT) reduction for 5
years. Non-tax incentives include
the right to own land and work permits
for expatriates.
Activities that include the
manufacture of automation machinery
and/or automation equipment with
engineering, and the assembly of
robots or automation equipment
and/or automation parts, are eligible
for an 8 year and 5 year income tax
exemption respectively, under general
incentives. If the projects qualify
though under the Super Cluster
category, they will get an 8 year
income tax exemption as well as
a 50% CIT reduction for 5 years.
IFR estimates
that yearly shipments
of multipurpose industrial
robots in Thailand will
increase to 7,500 units
in 2018, from 3,221 units
in 2013, an impressive
growth forecast of
133%
7. THAILAND INVESTMENT REVIEW 07
april
2016
TIR
Company Interview
Advances in Robotics and
Automation represent the latest
stage in our ongoing digital evolution,
providing manufacturers with an
edge by speeding up manufacturing
processes without sacrificing quality
standards. Thailand is making great
strides in this area by using industrial
robots and service robots to increase
overall productivity and enhance the
quality of life. Computer Telephony
Asia Robotics (CTAsia Robotics) is
a Bangkok-based innovative company
that is taking advantage of this rising
robotics revolution to propel itself
forward.
Established in 2009,
under the leadership
of robot pioneer,
Mr. Chalermpon
Punnotok, CT Asia
Robotics, is the first
100% Thai company
to manufacture and
develop commercial
service robots in Thailand.
CT Asia Robotics Leads the Way In
Thailand’s Robotics
Revolution
Growing from a small, local
company to a world recognized
brand in a 6 year timeframe, the
company today employs more than
70 people and has sold more than
40 robots to date internationally,
to countries like Japan and Sweden.
CT Asia Genesis
CT Asia originally started out
as a software company around 19
years ago, competing with global
names like IBM, CISCO, Siemen, and
Ericsson. Gaining valuable experience
and capital from the software
business, Mr. Punnotok
eventually founded
CT Asia Robotics to
encompass his larger
vision. His goal was
to not only bring in
more innovation
a n d a d v a n c e d
technology to provide
a platform, and offer job
opportunities to Thai robotic
competition winners, but to also create
a product of lasting value that would
gain global recognition.
Investing in the robotics industry
madesense,accordingtoMr.Punnotok,
as it was one of the government-
targeted future industries that not only
possessed high value, but also had a
high barrier to entry. Deciding to use
the robotics platform as a springboard,
he studied the opportunities in
various industries such as agriculture,
tourism and more, before settling on
the healthcare industry. Thailand’s
world-class medical facilities were
not the only reason for this choice;
with more than 1,000 public and
300 private hospitals nationwide
and an increasing aging population
both nationally and globally,
Mr. Punnotok saw tremendous
potential in this sector.
According to
the United Nations,
there were 901 million
people aged 60 years or
over in 2015. This figure
is projected to rise to
1.4 billion people
in 2030
8. THAILAND INVESTMENT REVIEW08
april
2016
TIR
Dinsow, The First 100% Thai
Robot
Witnessing a key need in terms of
the lack of qualified medical
staff to take care of a
rapidly aging populace,
Mr. Punnotok
decided to create
a service robot that
was capable of
taking care of the
elderly. Bringing the
best minds to work on
the task from all over the
country, the company released the
first 100% Thai commercial, service
robot, called Dinsow, in 2010.The first
generation of Dinsow was initially
utilized to entertain customers and
serve them meals at 10 branches of the
popular MK Suki Restaurant chain.
Further research and development on
the robot continued, until in 2014,
CTAsia Robotics released the third-
generation of Dinsow. Equipped
with a camera, infrared and thermal
sensors, and artificial intelligence,
this robot is capable of keeping track
of an elderly person's movements,
even in a dark room, allowing loved
ones to also keep track of them,
through an accompanying smartphone
application. Asenior person can also
easily call his or her children, or
listen to entertainment through the
Dinsow robot. In 2014, Dinsow
became the first Thai robot
to be exported to Sweden
and Japan.
CT Asia Robotics
continues to partner
with Thai and Japanese
hospitals and Mr.
Punnotok expects to
sell about 100,000 Dinsow
robots internationally in the
next two years.
Thai Robotics Industry:
Opportunities
Asia's robotics and automation
marketsareseeingdynamicgrowth.
Mr. Punnotok sees immense growth
opportunities in the service robots
sector, both locally and globally.
The service robots sector is
currently in the Research and
Development phase, according to
Mr. Punnotok, and is still very niche
compared to industrial robots. Given
the lack of key players, there is plenty
of room to grow and advance in this
"Today, Dinsow
is considered to
be number one in the
world among elderly care
robots,"
says Mr. Punnotok
"The service robot sector has the
potential to grow to be three times the
size of the industrial
robot sector,"
says Mr. Punnotok,
“and in 10 years time, service robots
will be more commercialized and
more present in everyday life"
field, he says. Mr. Punnotok advises
potential investors eyeing the Thai
Robotics industry to leverage existing
industries like food, tourism and
agriculture, where service robots are
virtually nonexistent and address key
requirements there.
According to the International
Federation of Robotics, the
international market value for robotic
systems is now around USD 32 billion.
Thailand ranked 8th
in the world
in 2014, for its supply of robotics.
However in 2014, the total supply
of about 3,700 robots represented
less than 2% of global installations.
There is a clear demand here that
investors can address. With its
immense potential to revolutionize
key industries, the opportunities in
Thailand's robotics and automation
industries have never been more
promising.
9. THAILAND INVESTMENT REVIEW 09
april
2016
TIR
short article
Thailand Arbitration Center Offers
Business Care Support To Investors
Investors seeking to establish a business in Thailand have the benefit of the country’s many advantages, such as
its excellent location withinASEAN, its good infrastructure and established logistics systems. However, as with
the operation of any business over time, they are likely to face challenges, such as possible disputes with other
parties. While a quick resolution benefits all concerned, finding one, might not be the easiest task.
Thailand Arbitration Center
This is where the ThailandArbitration Center (THAC)
comes in. Established by the Arbitration Institute Act
2007, under the umbrella of the Ministry of Justice, the
THAC provides an independent international standard
arbitration platform for resolving cross-border and
international business disputes.
The primary advantage of the Alternative Dispute
Resolution (ADR) process is that it is comparatively quick.
Mediation takes anywhere from 1 to 3 days, arbitration,
from 6 months to 2 years and litigation takes between
5 to 10 years. The speed of the process helps to minimize
disruptions to the businesses of the concerned parties. It
also allows them to save on lengthy litigation costs, and
as the process is private and confidential, this helps to
eliminate possible negative impacts to their reputation,
as well as possibly salvaging their working relationship.
Other ADR benefits include the possibility for a win/
win settlement for mediation. Since Thailand is part of
the New York Convention, the award for arbitration is
enforceable in 154 countries.
THAC Services
The THAC provides international standard arbitration
and mediation services, and can arbitrate cases in 15
languages, and mediate cases in 6 languages. The center
comes fully equipped with facilities and services for
administering ADR cases. It also provides access to the
Alternative Dispute ResolutionAcademy (ADRA), which
conducts seminars on the usage of ADR in managing
disputes, as well as providing training courses on arbitration
and mediation.
The THAC is under the leadership of Managing
Director, Pasit Asawawattanaporn, and is located on
the 26th
Floor, Bhiraj Tower (Emquartier), Bangkok.
For more information, please visit the THAC website at
www.thac.or.thorcall02-018-1615oremailinfo@thac.or.th.
Arbitrationandmediationaregloballyrecognizedas
theprimarytoolsforresolvingdisputesforbusiness,
trade, construction, logistics, and investments
10. THAILAND INVESTMENT REVIEW10
april
2016
TIR
BOI's missions and events
Deputy Prime Minister, Dr. Somkid Jatusripitak, led the government’s investment roadshow in Seoul, Korea, along with
the economic team and BOI Secretary General, Mrs. Hirunya Suchinai, from 21
st
– 25
th
March 2016. The mission included
a seminar entitled “Thailand: Moving Forward to Sustainable Growth” organized by the BOI on 24
th
March 2016
at Lotte Seoul Hotel.
The Director of the BOI Taipei Office, Ms. Ratanawimon Naree Sukreekhet,
led an investment mission in Taipei, Taiwan from 20
th
– 24
th
March 2016.
Activities included a one-on-one meeting with Taiwanese potential investors
and a Roundtable Meeting on "Business Opportunities for Thailand - Taiwan
Biotechnology Collaboration” on 22
nd
March 2016, presented by
Dr. Nataporn Chanvarasuth, Senior Researcher at the National Science and
Technology Development Agency (NSTDA).
BOI Secretary General, Mrs. Hirunya Suchinai, chaired the 6
th
meeting
of the Sub-Committee on Enhancement of Business Environment (EBE)
under the Japan-Thailand Economic Partnership Agreement (JTEPA)
at the Landmark Hotel, Bangkok on 3
rd
March 2016. The meeting was
joined by H.E. Mr. Shiro Sadoshima, Ambassador of Japan to Thailand
and representatives from nearly 30 related Thai and Japanese government
agencies and private sectors.
BOI Deputy Secretary General, Ms.Ajarin Pattanapanchai, gave a presentation
on “New Investment Promotion Measures” at the seminar entitled “BOI
Policy Update: Moving Towards a New Engine of Growth” on 11
th
March
2016 at Napalai Ballroom, Dusit Thani Hotel, Bangkok, in order to publicize
the BOI’s investment promotion policy to Chinese investors.
11. THAILAND INVESTMENT REVIEW 11
april
2016
TIR
thailand ECONOMY-AT-A-GLANCE
gdp by sector 2015
TOP 10 EXPORTS (JAN-feb 2016)thailand export value
gdp/capita
projected (2016)
US$ = 35.30 THB
population (2016) asean population (2016) liteRacy rate (2015) minimum wage
68.0 million 638 million 97 % 300 baht/day (8.50 us$)
gdp growth
(%yoy)
$ 201.7 billion
TOTAL EXPORT VALUE
(2015)
$ 34.6 billion
TRADE
BALANCE (2015)
63.9 %
CAPACITY UTILIZATION
(JAN 2016)
-0.50
HEADLINE INFLATION
(FEB 2016)
$ 34.8 billion
CURRENT ACCOUNT
BALANCE (2015)
$ 149.3 billion
INTERNATIONAL
RESERVES (2015)
96.4 %
MANUFACTURING
PRODUCTION INDEX
(2015)
105.5
HEADLINE CONSUMER
PRICE INDEX (2016)
(The base year is 2011=100)
corporate income tax withholding tax value added tax
2015 2016
(Projected)
2016
(Projected)
$ 5,736.4
2.9 %
3 %
-
4 %
¥
35.30
thb
40.32
thb
50.85
thb
31.62
thb
5.51
thb
€ £
1. Motor cars, parts and accessories (24.0%)
2. Precious stones and jewelry (20.1%)
3. Computer parts and devices (15.9%)
4. Plastic beads (7.0%)
5. Electronic integrated circuits (6.3%)
6. Machinery and parts thereof (6.1%)
7. Rubber products (5.5%)
8. Chemical products (5.4%)
9. Air conditioner and components (4.9%)
10. Rice products (4.7%)
demographics
gross domestic product
export figures
other economic indicators
average exchange rates ( as of 1 apr 2016 ) tax rates
9 %
58 %
33 %
agriculture
industry
Source : The Revenue Department
Source : Bank of Thailand, Ministry of Commerce and World Bank
Source : WTO, Ministry of CommerceNote : *2009-2015 CAGR
Source: NESDB
Source: United Nations
Source : Bank of Thailand
0.00
0.10
0.05
0.15
0.20
0.25
20102009 2011 2012 2013 2014 2015
5.66 %*
[ TRILLION USD ]
total investment
growth (%yoy)
2015
4.7 %2.8%
services
s y 10 - 20 % 1 - 10 % 7 %
$ 395.2
billion
4.9 %
1
2
3
4
5
6
7
8
9 10
$ 17.6
billion
12. THAILAND INVESTMENT REVIEW12
april
2016
TIR
about boi
boi overseas offices
HEAD OFFICE, OFFICE OF THE BOARD OF INVESTMENT
555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900 Thailand
Website : www.boi.go.th Email : head@boi.go.th
Beijing
Thailand Board of Investment,
Beijing Office
Royal Thai Embassy
No.40 Guang Hua Road.
Beijing, 100600, P.R.China
Tel. : +86 10 6532 4510
Fax : +86 10 6532 1620
Email : beijing@boi.go.th
New York
Thailand Board of Investment,
New York Office
7WorldTrade Center, 34th
FL.,Suite F
250 Greenwich St., New York, NY
10007 USA
Tel. : +1 212 422 9009
Fax : +1 212 422 9119
Email : nyc@boi.go.th
Stockholm
Thailand Board of Investment,
Stockholm Office
Stureplan 4C, 4th
Floor,
114 35 Stockholm, Sweden
Tel. : +46 8 463 11 58
+46 8 463 11 72
+46 8 463 11 74-75
Fax : +46 8 463 11 60
Email : stockholm@boi.go.th
Frankfurt
Thailand Board of Investment,
Frankfurt Office
Bethmannstr 58, 5.OG
60311 Frankfurt am Main
Federal Republic of Germany
Tel. : +49 69 9291 230
Fax : +49 69 9291 2320
Email : fra@boi.go.th
Osaka
Thailand Board of Investment,
Osaka Office
Royal Thai Consulate-General,
Osaka,BangkokBankBldg.7th
Floor
1-9-16 Kyutaro-Machi, Chuo-Hu
Osaka 541-0056 Japan
Tel. : +81 6 6271 1395
Fax : +81 6 6271 1394
Email : osaka@boi.go.th
Sydney
Thailand Board of Investment,
Sydney Office
Level 1, 234 George Street, NSW
2000,Australia
Tel. : +61 2 9252 4884
Fax : +61 2 9252 2883
Email : sydney@boi.go.th
Guangzhou
Thailand Board of Investment,
Guangzhou Office
Investment Promotion Section
Royal Thai Consulate-General,
No.36YouheRoad,HaizhuDistrict,
Guangzhou,P.R.C.510310
Tel.: +862083858988ext.220-225
+862083877770(DirectLine)
Fax : +86 20 8387 2700
Email : guangzhou@boi.go.th
Paris
Thailand Board of Investment,
Paris Office
Ambassade Royale de Thailande
8, Rue Greuze
75116 Paris, France
Tel. : +33 1 5690 2600-1
Fax : +33 1 5690 2602
Email : par@boi.go.th
Taipei
Thailand Board of Investment,
Taipei Office
TaipeiWorldTradeCenter,3rd
Floor,
Room 3E40, No.5, Xin-yi Road,
Sec.5 Teipei 110, Taiwan, R.O.C.
Tel. : +88 6 2 2345 6663
Fax : +88 6 2 2345 9223
Email : taipei@boi.go.th
Los Angeles
Thailand Board of Investment,
LosAngeles Office
Royal Thai Consulate-General
611 North Larchmont
Boulevard, 3rd
Floor,
LosAngeles, CA90004 USA
Tel. : +1(0) 323 960 1199
Fax : +1(0) 323 960 1190
Email : boila@boi.go.th
Seoul
Thailand Board of Investment,
Seoul Office
#1804,18th
Floor,DaeyungakTower
25-5, 1-KA, Chungmu-Ro,
Chung-Ku, Seoul, 100-706, Korea
Tel. : +82 2 319 9998
Fax : +82 2 319 9997
Email : seoul@boi.go.th
Tokyo
Thailand Board of Investment,
Tokyo Office
Royal Thai Embassy, 8th
Floor.,
Fukuda Building West, 2-11-3
Akasaka, Minato-ku,Tokyo
107-0052 Japan
Tel. : +81 3 3582 1806
Fax : +81 3 3589 5176
Email : tyo@boi.go.th
Mumbai
Thailand Board of Investment,
Mumbai Office
Royal Thai Consulate-General,
Express Tower, 12th
Floor, Barrister
Rajni Petel Marg, Nariman Point,
Mumbai, Maharashtra 400021
Tel. : (91 22) 2204 1589-90
Fax : (91 22) 2282 1525
Email : mumbai@boi.go.th
Shanghai
Thailand Board of Investment,
Shanghai Office
Royal Thai Consulate General
2nd
Floor, 18 Wanshan Road,
Changning District, Shanghai
200336, P.R. China
Tel.: +862162883030ext.828,829
Fax : +86 21 6288 3030 ext. 827
Email : shanghai@boi.go.th
los angeles
new york
stockholm frankfurt
paris
mumbai
tokyo
osaka
guangzhou
shanghai
sydney
beijing
seoul
taipei
thailand
headquarterS
The Office of the Board of Investment (BOI) is the principal government agency that operates under the Prime Minister's Office
for the purpose of encouraging investment in Thailand. We at the BOI serve as the professional contact points for investors,
providing them with useful investment information and services. We offer business support and investment incentives to
foreign investors in Thailand, including tax and non-tax incentives.Afew non-tax incentives include granting land ownership
to foreigners and facilitating visas and work permits. Besides serving the needs of overseas investors, we also offer consultation
services to Thai investors who are interested in investment opportunities abroad.