On Monday, Narit Therdsteerasukdi, the Secretary General of Thailand's Board of Investment (BOI), announced the cessation of incentives for the domestic solar panel and steel industries.

This initiative seeks to enhance the capabilities of Thai entrepreneurs in adapting to the evolving global market landscape.

The strategy aims to strengthen the competitiveness of Thai small and medium-sized enterprises (SMEs), ensuring economic stability amid ongoing market fluctuations.

It also addresses risks associated with US trade policies, while promoting the integration of Thai businesses into global supply chains.

In addition to this policy adjustment, the BOI is undertaking a study in collaboration with the Federation of Thai Industries (FTI) and the Thailand Development Research Institute (TDRI).

The aim of the study is to identify measures that can enhance domestic value creation and foster partnerships with foreign investors.

The findings are intended to encourage international companies to collaborate with Thai entrepreneurs, thereby enhancing business opportunities in industries critical for global supply chain integration, as stated by Narit Therdsteerasukdi.