Flood Prevention System
March 10, 2012 by staff
Flood Prevention System, Prime Minister Yingluck Shinawatra yesterday showcased Thailand as an unbeatable investment destination in a bid to rally Japanese business confidence in the wake of last year’s flooding disaster.
On the second day of her Tokyo visit, Yingluck assured 1,200 Japanese businessmen at a seminar that Thai-Japan partnership would endure floods and any natural woes and move on to become an engine for growth and prosperity in Asia.
“I am pleased to inform you that we are in the process of implementing an effective water management system,” she said, to allay concerns of a repeat of the floods.
She outlined four key flood-control measures – ensuring effective water retention via dams; identifying more water-retention areas; construction of flood barriers at industrial zones; and unifying command centres to regulate water flow.
The government was preparing to spend Bt350 billion(S$14,334,515) on flood-control projects, she said. Soft loans were being made available to Japanese companies recovering from the last flooding and coping with the coming rainy season.
Turning to investment incentives, she said corporate income tax would be slashed from 30 per cent to 23 per cent this year. A further reduction to 20 per cent is expected next year.
The PM said Thailand was becoming a hub for Japanese products in the Asean community. The government was fully committed to the development of logistics and a transport network to enhance regional connectivity. Thai involvement in Burma’s Dawei deep-sea port would link the region with South Asia and beyond.
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