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Thailand drums up post-COVID-19 investment in medical supplies

Board of Investment chief wants multinationals that can launch operations this year

Staff at Ramkhamhaeng Hospital's drive through service in Bangkok test for the coronavirus on March 26. (Photo by Akira Kodaka)

BANGKOK -- Thailand has greenlighted a string of new foreign direct investment deals in medical equipment production as it seeks to broaden capital inflows, which have suffered the ravages of trade headwinds and competition from lower-wage neighbors.

The Board of Investment, a government agency that promotes foreign direct investment, said this week it has approved 12 ventures to produce medical masks, more than double the five mask-production factories currently operating in the country.

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