Amendments to the investment Promotion Act
The Thai Cabinet has amended the Investment Promotion Act to include a number of changes such as enabling the board member( s) or adviser( s) to the Board of Investment who have already com- pleted their terms to maintain their positions until a replacement is appointed by the Thai government ( although the extended tenure will not be more 120 days). The amendments are now in the process of being drafted at the Coun- cil of State and are subject to further change. It is likely to be another six months before they come into effect.
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