BoI gets extra B10bn to cushion blow of US tariffs

The Board of Investment’s (Bol) Competitiveness Fund has received additional funding of 10 billion baht to minimise the impact of both US reciprocal tariff policies and new global minimum tax rules from the Organisation for Economic Cooperation and Development (OECD).

- SUCHIT LEESA-NGUANSUK

Meanwhile, the private sector says Thailand should develop its human capital through artificial intelligence (AI) literacy and AI policies that address more than privacy, such as human rights, fairness, inclusion, and guarding against discrimination in AI.

“We received an additional 10 billion baht in funding, aimed at enhancing national competitiveness and supporting industries,” said Bol secretary-general Narit Therdsteerasukdi.

The funding is also to support companies affected by the OECD’s global minimum tax rules and US reciprocal tariff measures, he said.

“The fund's third objective is to attract targeted industries that will enhance the nation’s competitiveness, create added value domestically, facilitate technology transfer, and develop personnel,” said Mr Narit.

The targeted industries include advanced semiconductors and electronics, upstream battery production, advanced digital industry, AI technology and biotechnology.