Insurance eyed for border investors
Prime Minister Prayut Chan-o-cha promises to find insurance solutions for investors in border economic zones who cannot find coverage due to continued martial law.
. After chairing a meeting on development of the zones Monday, Gen Prayut said the government previously set up a 200-million-baht insurance fund for tourists and could begin a similar programme for investors who agreed to do business in the border areas.
He affirmed martial law would remain in effect, saying the Internal Security Law and executive decree on public administration in emergency situations previously had been exercised but failed to control violence in the country. Even with martial law in effect, bombings continue, Gen Prayut noted.
He said that his government was accelerating development of border zones by having the Industrial Estate Authority of Thailand partner with the private sector to create manufacturing estates.
He said the Committee on the Special Economic Development Zone Policy on Monday discussed privileges and potential businesses in economic zones. There could be manufacturing, agriculture, and tourism in the regions to generate income for people, Gen Prayut said.
The government is planning economic zones in Tak, Mukdahan, Songkhla, Sa Kaeo and Trat provinces.