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mu Space granted BOI investment incentives to compete in global space industry Key Points ● mu Space is granted A1 level of investment promotion incentives and privileges, the highest rank of any eligible incentives, with the manufacturing of its small satellite components in a category of high technology industry; Manufacture or repair of Aircraft, or Aerospace Devices and Equipment section. ● BOI incentives and privileges will benefit mu Space’s business operations as well as  the development of the country’s economy. ● The company aims to enhance Thailand’s competence as a strong player to equally compete in the global space industry. Bangkok, 29 March 2021 - Satellite and space technology company, mu Space and Advanced Technology Co., Ltd., has secured a Thailand Board of Investment (BOI)  investment promotion to take on the international space technology market. mu Space is granted A1 level of investment promotion incentives and privileges, the highest rank of any … [Read more...] about mu Space granted BOI investment incentives to compete in global space industry

The Thailand Board of Investment (BOI), in cooperation with the China Chamber of International Commerce (CCOIC) and Hong Kong Trade Development Council (HKTDC), jointly held a webinar on “Resilience Strategy: Thailand as an Innovative Investment Hub” to publicise Thailand’s attractive investment promotion policies and business opportunities to more than 700 Chinese and Hong Kong investors. Mr. Supattanapong Punmeechaow, Deputy Prime Minister, delivered the opening remarks, while Ms. Duangjai Asawachintachit, Secretary General of the BOI, presented an update about investment policies and opportunities. Senior officials of the CCOIC and HKTDC delivered remarks on their cooperation with Thailand, while Mr. Abel Deng, CEO of Huawei Technologies (Thailand) shared his experience doing business in the country. Officials from several Thai government agencies, namely the National Innovation Agency, the National Science & Technology Development Agency, and the Digital Economy Promotion … [Read more...] about BOI, CCOIC and HKTDC hold investment promotion webinar

Kindly Share This Story: By Henry Umoru THE Senate has asked the Bank of Industry(BOI) to increase the quantum of dividend it pays to the Federal Government after it was disclosed that the company has paid N8.2 billion as dividends to Central Bank of Nigeria, CBN and Federal Ministry of Finance between 2014 and 2019. Giving the directive in Abuja during an investigative hearing on revenue remittances by Ministries, Departments and Agencies, MDAs and remittances of 1% Stamp Duty on all contracts, Chairman, Senate Committee on Finance, Senator Solomon Adeola, APC, Lagos West stated that the 7% – 10% used by the Board of Directors of the bank to determine dividend on the net profit of the bank is too low and the bank should look at increasing the percentage to 20% or more. Adeola said, “While I want to commend BOI for running an efficient bank that is adding value to our industrial production as well as earning revenue for the Federal Government, I want to … [Read more...] about Senate seeks more revenue from BOI after N8 billion dividends

Kindly Share This Story: The Senate has urged the Bank of Industry (BOI) to increase the percentage of dividends accruing to the Federal Government, even after it had paid an N8.2 billion dividend to the Central Bank of Nigeria (CBN) and the Federal Ministry of Finance, between 2014 and 2019. A statement, on Thursday, in Abuja, by Chief Kayode Odunaro, Media Adviser to Chairman, Senate Committee on Finance, Solomon Adeola (APC- Lagos) said Adeola made the call at an investigative hearing on revenue remittances by Ministries, Department and Agencies (MDAs) in Abuja. Adeola described the seven  to 10 per cent used by the Board of Directors of the bank to determine dividend on the net profit of the bank as too low and that the bank should consider increasing the percentage to 20 per cent or more. READ ALSO Inside Bauchi community where open defecation attracts 2-month jail term, other penalties “While I want to commend the BOI for running an … [Read more...] about Senate wants FG’s dividend share in BoI Industry increased to 20 per cent — Sen. Adeola

M.L. Chayotid Kridakon, advisor to the Deputy Prime Minister, and Mr. Narit Therdsteerasukdi, Deputy Secretary General of the Thailand Board of Investment (BOI), led BOI executives and Microsoft (Thailand)’s management team on a visit of the Eastern Economic Corridor Innovation (EECi) in Wang Chan Valley, Rayong Province. The group received a briefing from the project’s administrators, led by Dr. Pailin Chuchottaworn, Chairman of the Council of the Vidyasirimedhi Institute of Science and Technology (VISTEC), and visited various projects in the EECi. The EECi includes advanced research and innovation in fields such as biotech, automation, robotics and smart electronics, as well as leading educational institutes in science and technology such as VISTEC and Kamnoetvidya Science Academy (KVIS). … [Read more...] about Advisor to the Deputy Prime Minister joins BOI and Microsoft visit to Wang Chan Valley