BoI approves raft of new incentives to support SMEs

The Board of Investment (BoI) has approved new measures to better support small and medium-sized enterprises (SMEs), which are facing tough competition and the impact of US President Donald Trump's stiff tariffs.

- LAMONPHET APISITNIRAN

The board also green lighted improved tax benefits for tourism businesses in second-tier provinces.

The government aims to encourage Thai entrepreneurs to improve their potential and efficiency amid intense competition and global trade tensions resulting from the impact of the US trade policies, said Narit Therdsteerasukdi, secretary-general of the BoI.

Authorities also want to support entrepreneurs involved in some of the most vulnerable sectors.