Thailand cuts taxes to lure investment in masks and pharma

Incentives to meet virus-driven shortages also further Bangkok's long-term aims

20200413N Thailand mask

The coronavirus pandemic has sent demand for face masks soaring in Thailand. © Reuters

MARIMI KISHIMOTO, Nikkei staff writer

BANGKOK -- Thailand will deploy targeted tax cuts to encourage investment in face masks and other crucial items that are in short supply due to the coronavirus outbreak, the country's Board of Investment said on Monday.

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