webfact Posted March 11, 2018 Share Posted March 11, 2018 PM satisfied with Thailand's 8th rank in Best Country for Investment BANGKOK, 12h March 2018 (NNT) – The government is satisfied with Thailand’s 8th rank for best country to invest in 2018 announced by the US News, emphasizing the country's recovering economy. Prime Minister Gen Prayut Chan-o-cha has received a briefing regarding the 2018 Best Country to Invest In rank by US News where Thailand is listed the 8th position out of 20 countries on the list, which takes into account economic stability, innovation, labour skills, technological proficiency, the environment, population, and corruption issues. Gen Prayut expressed his satisfaction with the report which shows better acceptance of Thailand in the international community, and that this ranking is a result from cooperation between the government, private sector and the general public. US News has previously announced Thailand as the best country to start a business for the second consecutive year, showing the country's economic potential which ranks among the highest in the eyes of international investors. The Thai government has been working to facilitate investment in accordance with the Thailand 4.0 model to attract foreign investments. The country is ranked at the 26th position on the World Bank's Ease of Doing Business rank this year. The Prime Minister was also pleased that ASEAN countries such as the Philippines, Indonesia, Malaysia, and Singapore, are also listed in the top 20 ranking, showing that the region has high potential for investment among foreign investors, and that mutual development without leaving anyone behind is important. -- nnt 2018-03-12 1 1 Link to comment Share on other sites More sharing options...
Popular Post cornishcarlos Posted March 11, 2018 Popular Post Share Posted March 11, 2018 If you read the report, it seems that the South East Asia region is the place to invest. There are 4 other neighboring countries above Thailand !! Lets see how they rate next year if the elections are delayed again ??? 4 2 Link to comment Share on other sites More sharing options...
Popular Post meechai Posted March 11, 2018 Popular Post Share Posted March 11, 2018 That is nice & yet amazing given the weighted scoring categories These are the two categories with the heaviest weighting to final score Does not sound like the Thailand I know Citizenship (16.95 percent): cares about human rights, cares about the environment, gender equality, progressive, religious freedom, respects property rights, trustworthy, well-distributed political power Entrepreneurship (17.42 percent): connected to the rest of the world, educated population, entrepreneurial, innovative, provides easy access to capital, skilled labor force, technological expertise, transparent business practices, well-developed infrastructure, well-developed legal framework 8 3 Link to comment Share on other sites More sharing options...
Popular Post mok199 Posted March 11, 2018 Popular Post Share Posted March 11, 2018 Delutional Thailand... 3 Link to comment Share on other sites More sharing options...
Popular Post ChidlomDweller Posted March 11, 2018 Popular Post Share Posted March 11, 2018 The title makes it sound like it's 8th in the world but 8th out of 20 countries somehow doesn't have the same ring to it. Too lazy to look up the report, but it depends all on what are the other 20 countries. And invest in what exactly? Is it 8th out of 20 countries, for relatively low-end manufacturing? 6 1 Link to comment Share on other sites More sharing options...
Popular Post yellowboat Posted March 12, 2018 Popular Post Share Posted March 12, 2018 4 hours ago, InMyShadow said: Oh nooooo! bashers will not like this at all. Seems investors couldn't give a rats arse about the junta . What happened to the TV bar stool economists crying to anyone who listens that the economy is collapsing ? Money has no soul. It will go where the best returns are. So being accepted by the soul-less just shows the tawdry and limited thinking of the junta. If you think money is everything in this world, you have my pity as well. There are also very good invest services in Thailand too where you can partake in the economy. Little p also pointed to other countries in SE Asia which are more attractive and more stable. Nobody thinks the economy is collapsing. The economy is controlled by a few Thai families. They control food exports mostly. Foreigners control the chip foundries and the auto and auto parts business either directly or indirectly. The problems most people have is with the junta's spending: Chinese submarines, Korean war planes and other military hardware that does not actually talk to each other. The Chinese inspired railway system is a good idea, but does the junta have the experience or the ethics to manage it? As you know, they are not liable for anything they do, unlike an elected government. What is shameful are westerners promoting autocracy. 7 2 Link to comment Share on other sites More sharing options...
Popular Post zaZa9 Posted March 12, 2018 Popular Post Share Posted March 12, 2018 The true colours of big "Business".... Cheap labour and corruption . Lack of concern with environmental controls . No pesky elections to possibly mess things up . 6 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted March 12, 2018 Popular Post Share Posted March 12, 2018 5 hours ago, webfact said: which takes into account economic stability, innovation, labour skills, technological proficiency, the environment, population, and corruption issues. .....................and then completely ignores them ! 3 2 Link to comment Share on other sites More sharing options...
StraightTalk Posted March 12, 2018 Share Posted March 12, 2018 3 minutes ago, candide said: ...the "leader" dimension score... is obviously not a determining factor for investors. 1 Link to comment Share on other sites More sharing options...
Popular Post Dustdevil Posted March 12, 2018 Popular Post Share Posted March 12, 2018 (edited) In the top ten countries for investment? Not if you're an ordinary individual. Can't even buy a house in your own name. Buy it in your Thai wife's name and find yourself selling pencils from a tin can. Edited March 12, 2018 by Dustdevil 4 1 2 5 Link to comment Share on other sites More sharing options...
Popular Post lanista Posted March 12, 2018 Popular Post Share Posted March 12, 2018 (edited) Multi national corporations have enormous negotiating power when selecting an overseas base. Corruption is only something that affects the minnows of the economy. All corporations LOVE corruption because they deal directly with the most powerful army generals and connected families and make great deals on low or zero taxation and other perks. The Thai families get a cut as do the military. Thai workers get 400 - 500 baht a day, if theyre lucky. Foreign corporate staff and their families are usually well protected during their stay and of course great golf courses , Int schools all part of the deal no doubt. Thailand has to remain super corrupt in order to attract major foreign investment but luckily it also has good road infrastructure much of which was built by foreigners. Western corporations couldnt give a stuff about human rights. Its our governments job to carry the banner of 'goodness over evil.' Corporations go about their merry smiling way around the globe while the small guy gets hit. It will never get better. Edited March 12, 2018 by lanista 6 Link to comment Share on other sites More sharing options...
candide Posted March 12, 2018 Share Posted March 12, 2018 5 minutes ago, SouthernDelight said: is obviously not a determining factor for investors. As US News (not the investors) has calculated the final score from the average of the scores on the different dimensions, it means that Thailand would have a higher scores without the Junta. (And lower score without adventure and heritage....) 2 Link to comment Share on other sites More sharing options...
Popular Post Aj Mick Posted March 12, 2018 Popular Post Share Posted March 12, 2018 Just remember the old adage...... If you want to make a small fortune in Thailand, start with a large one. 3 1 1 Link to comment Share on other sites More sharing options...
madmitch Posted March 12, 2018 Share Posted March 12, 2018 3 hours ago, ChidlomDweller said: The title makes it sound like it's 8th in the world but 8th out of 20 countries somehow doesn't have the same ring to it. Too lazy to look up the report, but it depends all on what are the other 20 countries. And invest in what exactly? Is it 8th out of 20 countries, for relatively low-end manufacturing? I don't think it's the most scientific methodology they use here. The top 25 countries ranked out of the 53 on which they report. Nothing wrong with the PM being happy with a position of eighth but he should be looking at those above, which include neighbours Philippines, Indonesia, Singapore and Malaysia. This should put Thailand's position into more perspective. 2 Link to comment Share on other sites More sharing options...
Popular Post lvr181 Posted March 12, 2018 Popular Post Share Posted March 12, 2018 (edited) 36 minutes ago, candide said: Obviously the dear PM did not read the details.... That we know would not be true (and I suspect your comment is tongue in cheek )............he just chose to ignore them. Same same as with corruption , road trauma etc etc. Thailand can be a beautiful country if it were not for corrupt/personal power seeking governments present and past. Edited March 12, 2018 by lvr181 Spelling correction 3 Link to comment Share on other sites More sharing options...
Thian Posted March 12, 2018 Share Posted March 12, 2018 21 minutes ago, Aj Mick said: Just remember the old adage...... If you want to make a small fortune in Thailand, start with a large one. Unless you're really good like that american owner of Sizzlers, Burger King, Pizza Company, Breadtalk and the rest..... He has so many businesses now that he could start his own malls. Link to comment Share on other sites More sharing options...
Xaos Posted March 12, 2018 Share Posted March 12, 2018 Not allowed to own properties or company. Good luck with that. 2 Link to comment Share on other sites More sharing options...
Popular Post SupermarineS6B Posted March 12, 2018 Popular Post Share Posted March 12, 2018 Ha ha....... Why not go to Malaysia, say Penang, buy your own house, your own car, your own bank account, all in your name and have very little visa problems and enjoy law and order...... Now that sounds like the start of a good investment doesn't it ? Or on the other hand stay in La la land, continue getting ripped off by every greedy little Somchai and probably end up being asked to leave and leave all your belongings as well......Something which i believe isn't beyond this lot...... 4 1 Link to comment Share on other sites More sharing options...
PAIBKK Posted March 12, 2018 Share Posted March 12, 2018 The number 8 of the Premier League, won't play Euro League not even to mention the Champions League. So, beijing the #8 out of 20, it's something you don't have to brag about it. Only the newcomers, promoted from the English Football League could see it as a progress. Link to comment Share on other sites More sharing options...
Thian Posted March 12, 2018 Share Posted March 12, 2018 30 minutes ago, SupermarineS6B said: Ha ha....... Why not go to Malaysia, say Penang, buy your own house, your own car, your own bank account, all in your name and have very little visa problems and enjoy law and order...... Now that sounds like the start of a good investment doesn't it ? Or on the other hand stay in La la land, continue getting ripped off by every greedy little Somchai and probably end up being asked to leave and leave all your belongings as well......Something which i believe isn't beyond this lot...... In the middle of Georgetown is a new condominium being built but the prices are skyhigh my driver told me. And i was amazed to see the police there writing parkingfines all day long. have never seen that in Thailand. Plus there are no soidogs on Penang, it's a nice place, they even didn't overcharge me and just have a pricelist outside. 1 Link to comment Share on other sites More sharing options...
catman20 Posted March 12, 2018 Share Posted March 12, 2018 5 hours ago, mok199 said: Delutional Thailand... 1 Link to comment Share on other sites More sharing options...
Popular Post anon4637435435 Posted March 12, 2018 Popular Post Share Posted March 12, 2018 I invested here. Lost it all to unfairness. Never good to invest in anything here. Sorry. Maybe good for asians investing in asia perhaps i dont knownbut personal experience and word of mouth from other westerners its just not worth the effort at the end of the day. Youll spend your life filling other peoples pockets and never be allowed a cent to take away being the jist of it. 3 Link to comment Share on other sites More sharing options...
britishrepublican Posted March 12, 2018 Share Posted March 12, 2018 8th place? I find that very hard to believe. 1 Link to comment Share on other sites More sharing options...
webfact Posted March 12, 2018 Author Share Posted March 12, 2018 PM is pleased with US ranking of Thailand as one of the world’s top 20 countries to invest By Thai PBS Prime Minister Gen Prayut Chan-o-cha was happy and satisfied with the latest survey that ranked Thailand on the eighth place among the top 20 countries best for investment in the world by the US News. Government spokesman Lt Gen Sansern Kaewkamnerd said the prime minister was yesterday briefed on the US News’ ranking of the ” 2018 Best Country to Invest In” which Thailand was ranked at the eighth position. Lt Gen Sansern said the prime minister was happy and pleased with the survey which he said reflected better acceptance of the country in the international community. Full story: http://englishnews.thaipbs.or.th/pm-pleased-us-ranking-thailand-one-worlds-top-20-countries-invest/ -- © Copyright Thai PBS 2018-03-12 Link to comment Share on other sites More sharing options...
Popular Post jenny2017 Posted March 12, 2018 Popular Post Share Posted March 12, 2018 Invest today, lose tomorrow. 2 2 Link to comment Share on other sites More sharing options...
SpeakeasyThai Posted March 12, 2018 Share Posted March 12, 2018 (edited) The best wisest advise i ever heard about investing in Thailand was this 'only bring to Thialand what you are prepared to lose'. Btw.. Heard way too many horror stories you could poke a stick at. Edited March 12, 2018 by SpeakeasyThai 2 Link to comment Share on other sites More sharing options...
Baerboxer Posted March 12, 2018 Share Posted March 12, 2018 7 hours ago, mok199 said: Delutional Thailand... Do you think it was Thailand who produced the index then? Link to comment Share on other sites More sharing options...
Baerboxer Posted March 12, 2018 Share Posted March 12, 2018 1 hour ago, britishrepublican said: 8th place? I find that very hard to believe. So write to the US producers of the index and tell them that. I'm sure they'll give great consideration to your reasoned arguments. Let us know how you get on. Link to comment Share on other sites More sharing options...
jonstarjon Posted March 12, 2018 Share Posted March 12, 2018 US NEWS think you'd have to look at this organisation to find out who the investors are the readership and more importantly the sponsors. US NEWS is just a name. Link to comment Share on other sites More sharing options...
Popular Post jenny2017 Posted March 12, 2018 Popular Post Share Posted March 12, 2018 I have invested all my money, plus 15 years of my life. Can I get my life back, please? Oh, I understand. The country needs new investors, sorry, my mistake. 1 2 Link to comment Share on other sites More sharing options...
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