Bangkok, May 21 -- Thailand's Board of Investment (BOI) has approved new measures to better support small and medium-sized enterprises (SMEs), which are facing tough competition and the impact of US President Donald Trump's stiff tariffs.

One key measure to support Thai entrepreneurs is an increase in the corporate income tax (CIT) benefits granted to BOI-promoted SMEs, which will now receive a five-year CIT exemption equal to as much as 100% of their investment in enhancing their capabilities and improvements, up from the previous three-year CIT exemption capped at 50% of investment.

The BOI approved measures to promote investment in tourism infrastructure businesses in the 55 so-called second-tier provinces.

The measures are in line ...