It will also cut approval times for foreign business permits to one month from 60 daysCommerce Minister Suphajee Suthumpun plans to remove 10 business categories from the restricted list that would allow foreign firms to operate. PHOTO: REUTERS[BANGKOK] Thailand is moving to ease foreign business rules and speed up approvals in a bid to attract overseas investment and revive economic growth. The industries include telecommunications, software development, financial management, petroleum exploration and trading in agricultural derivatives, according to Worawit Sing-in, the ministry’s director of the Foreign Business Administration Division. The ministry is also working to cut approval times for foreign business permits to one month, from the current 60 days, Worawit said. That’s a move aimed at reducing red tape and making Thailand more competitive with regional peers for foreign capital.