The Board of Investment says Huawei Technologies (Thailand) will go ahead with its investment in Thailand as planned earlier.
The BOI said a high-level Huawei executive Technologies had insisted that its projects accurately abided by regulations and procedures and were given approval by the BOI, the Immigration Bureau and the Ministry of Labour.

US REVIEWS GSP

The Commerce Ministry’s Department of Foreign Trade does not expect Thailand to be affected by the US review of its Generalised System of Preferences (GSP) for the 2016-17 fiscal year.
The United States Trade Representative’s review on GSP is a yearly process involving all countries trading with the US, said Duangporn Rodphaya, director-general of the department.
The department is in the process of preparing petitions to include more products under the GSP by December 2. The USTR will announce the results of its consideration of requested additional items by January.
Duangporn said there was concern over trade with the United States after Donald Trump, who has stated a protectionist trade policy, won the presidential election early this month, but it is too early to worry about whether that will affect Thailand.

7-ELEVEN NFC PAYMENT

PAX Global Technology, a provider of point-of-sale terminals for electronic fund transfers, has joined forces with Thai Smart Card Company to deploy secure contactless-enabled payment systems in 7-Eleven stores across Thailand.
The convenience stores will be deploying PAX terminals with secure software that support NFC (near field communication) payment, credit, debit and gift card transactions, said Eric Li, regional sales director at PAX.
Chalermchai Chatchaiganan, chief commercial officer and chief operations officer at Thai Smart Card Co, said PAX was the leading terminal supplier in terms of its innovative product road map.