State mulls widening scope of fund outlays

The government is considering expanding the scope of spending for the Competitiveness Enhancement Fund to cover businesses not promoted by the Board of Investment (BoI).

- WICHIT CHANTANUSORNSIRI

According to Finance Minister Pichai Chunhavajira, the US reciprocal tariff measures are forcing businesses to adapt and increase their competitiveness. The government established the Competitiveness Enhancement Fund under the BoI to support national competitiveness, but officials are mulling whether the fund can also be used to support businesses that do not receive the BoI’s support.

In addition, authorities are examining whether funding support can be provided to individual businesses or if it must be on a sector-wide basis.