Thailand BOI Approves Investment Worth USD1.54 billion in Biochemicals, Data Centers, and Hospital; Sets New Promotion Category for the Repair of Used EV Batteries and ESS [Yahoo! Finance]
SIAM CEMENT PCL UNSP/ADR (SCVPY)
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Source: Yahoo! Finance
projects worth a combined 56.95 billion baht USD 1.54 billion ), including a bio-ethylene plant project by the local joint venture of Brazil's Braskem, as well as data centers, power plants, and a major new hospital. The meeting, which was chaired by Mr. Pichai Chunhavajira, Deputy Prime Minister, Minister of Finance, and Chairman of the BOI, also approved the introduction of a new investment promotion category covering service centers for the repair, repack, and reuse of used electric vehicle (EV) batteries and energy storage systems, that further complements the BOI's comprehensive EV supply chain policy and incentives. Another new category was approved to support the data hosting business, to match the rising demand for this type of activity and complement the investment incentives already offered to support the development of the digital industry. The Board also approved a new promotion package for Quarantine Facilities for Animals for export to help improve quarantine and certi
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