Economy
JSCCIB Urges Government to Decentralize Investment to Provincial Levels
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is calling for a shift in investment strategy to boost provincial economic growth and job creation.
On September 21, 2026, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) announced a strategic push to decentralize investment efforts across Thailand. Payong Srivanich, Chairman of the JSCCIB and the Thai Bankers' Association, stated that the country has relied on the same investment base for over two decades and must now prioritize the development of new investment channels.
The committee is urging the government to bridge the gap between the Board of Investment (BOI) and provincial authorities. The goal is to transform investment capital into tangible local outcomes, specifically by measuring job creation, credit accessibility, and regional income generation. By pushing investment down to the provincial level, the JSCCIB aims to enhance national competitiveness and ensure more equitable economic growth.
For residents and business owners, this initiative could signal a shift toward more localized economic development and potential improvements in regional employment opportunities. For travelers, while this policy focuses on long-term economic structure, it may eventually lead to infrastructure or service improvements in secondary provinces. It remains to be confirmed how the government will implement these coordination mechanisms between the BOI and provincial administrations, and what specific incentives will be offered to attract new investments to these areas.
