PM satisfied with Thailand's 8th rank in Best Country for Investment

[thhMan]

Nah.... I dont believe it!

[Somchai Logic]

11 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 ?

Oh so naive :/

[KIWIBATCH]

Ask Kingsgate Australia whether they consider this report accurate...and how about the 51% of your company you have to hand over to an unknown Thai person when you set it up....8th out of 20....no...no...no.....BS

[krobert6]

https://www.usnews.com/news/best-countries/overall-full-list

 

 

mmmmmmmmmmmmmmmmmm

[AlphMichaels]

If grading only ASEAN countries, they come in last.   I suspect a nice ad spend helped.

 

"The Prime Minister was also pleased that ASEAN countries such as the Philippines, Indonesia, Malaysia, and Singapore...," (not in this order).  

[lvr181]

3 hours ago, Baerboxer said:

 

Do you think it was Thailand who produced the index then?

Mmmmm..............that's a good thought.

[InMyShadow]

3 hours ago, SpeakeasyThai said:

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.

I dont think "porn" closing down her massage shop after one month in operation or Dud beer bar operators are actually taken into consideration

[Jonmarleesco]

 

4 hours ago, Get Real said:

Oooh noooo! Is there more people like you that do not know the Thai Baht is pushed up and ovverrated. Not even when USA put higher taxes on import of steel, was there any visible negative effect. Even though the news and state go out with the information that it was a hard blow on Thailand.

The real facts is that if you try to uphold a currency, which naturally will make the country a stong investment area. The baht grows and then everything follow, right. The sad true facts is that the bubble will burst, and in reality maybe Thailand is at place 40-50 when it comes to investment.

I sincerely hope that will clarify the real underlying problem that the news this time manage to dodge.

Not so much pushed up as kept up. Until 1997 II hits. Those were investors,too.

[Srikcir]

4 hours ago, webfact said:

” 2018 Best Country to Invest In” 

Interesting that in the nine components of the Investment ranking, Thailand ranked very poorly in four components. Each component is further described by factors ( ) of which many were also poorly ranked:

• Citizenship (ie., respect property rights, trustworthy, well-distributed political power, human rights) - 52nd
• Entrepreneurship (ie., innovative, technological expertise, skilled workforce, educated population, well-developed legal framework) - #38
• Power (ie., politically influential, economically influential) - 49th
• Quality of Life (ie., income equality, well-developed public health system, well-developed public education system, safe, economically stable) - 30th

https://www.usnews.com/news/best-countries/thailand

Those details combined with other indices such as the Corruption Index should give a foreign investor great pause.

[InMyShadow]

8 hours ago, yellowboat said:

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.  

"Nobody thinks the economy is collapsing."  I suggest you missed the hundreds of posts saying just that. Clearly under a "brutal" regime Thailand should be ranked last but clearly its doing quite well considering so we can expect a good jump up again when elections finally take place or...do investors actually prefer the stability of the Junta because that appears to be the case in the current ranking .

 

quite a few bashers having a good cry about this , its amusing lol

[stephen tracy]

6 hours ago, lanista said:

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.

I agree with everything you said except good road infrastructure.

[DrTuner]

6 hours ago, Thian said:

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.

How's the Beer & Bacon there?

[stephen tracy]

Just now, InMyShadow said:

"Nobody thinks the economy is collapsing."  I suggest you missed the hundreds of posts saying just that. Clearly under a "brutal" regime Thailand should be ranked last but clearly its doing quite well considering so we can expect a good jump up again when elections finally take place or...do investors actually prefer the stability of the Junta because that appears to be the case in the current ranking .

 

quite a few bashers having a good cry about this , its amusing lol

No one is crying, they are simply skeptical. And not without good reason. As for the "elections", even if they do take place, they will be nothing but a piece of theatre, and everyone knows that. Although it may not necessarily scare people off, potential investors will be aware that country will remain fundamentally unstable.  And in the long term, that can't be a good thing. I have personal experience of investing in a business in Thailand and I would never do it again.

[wvavin]

I am clueless as to how a person, whom has no knowledge on economy and investment could agree on such issue....LOL

[Thian]

5 minutes ago, DrTuner said:

How's the Beer & Bacon there?

I forgot if i drank beer there, but the bacon was good at breakfast.

 

Nasi lemak is great with chicken rendang. And for desert a kacang ice...also there were many thai mango's i had never seen before in thailand...and of course there 's a lot of durians thailand doesn't have. Also the tropical fruitfarm was nice to visit, much fruit that thailand doesn't have.

 

[SpeakeasyThai]

5 hours ago, Baerboxer said:

 

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.

You must be bored out of your mind to post such a malignant cynical post, or maybe it's simply a case of misery loves company. Would have been much  more enlightning to hear your views on why Thailand is suprisingly so highly rated as a desirable location for foreign investment. Easier on your intellect to throw darts from the bar stool, all things considered.

Edited March 12, 2018 by SpeakeasyThai

[InMyShadow]

There's nothing wrong with doubting "internationally acclaimed economists". How many times have they gotten it wrong?  I'm not a "basher" (I'm not even sure what that is), nor am I currently sitting on a bar stool. I can speak from personal experience that my investment in Thailand was a very bad move.  The one thing economists lack is a crystal ball to predict coups and tsunamis.  

It's common for failed business men across the world to play the blame game. Nobody wants to admit they failed due to ability. It'd always ripped off by biz partner, suppliers, bad economy and a thousand other things.

Nothing wrong with doubting, never said there was.

[metisdead]

Troll posts containing troll baiting comments have been removed as well as the replies. 

[stephen tracy]

Just now, InMyShadow said:

It's common for failed business men across the world to play the blame game. Nobody wants to admit they failed due to ability. It'd always ripped off by biz partner, suppliers, bad economy and a thousand other things.

Nothing wrong with doubting, never said there was.

The only person I blame is myself. And I am not a "failed businessman".  Maybe you ought to ho back to your bar stool, as your so fond of saying.

[InMyShadow]

The only person I blame is myself. And I am not a "failed businessman".  Maybe you ought to ho back to your bar stool, as your so fond of saying.

[/quot..

 

Delete

 

[InMyShadow]

[@ Stephen

 

Should have said you were the failure straight away rather than have me extract it out of you.

 

Don't see how being a failure in your case has anything to do with this thread.

 

[yellowboat]

1 hour ago, InMyShadow said:

"Nobody thinks the economy is collapsing."  I suggest you missed the hundreds of posts saying just that. Clearly under a "brutal" regime Thailand should be ranked last but clearly its doing quite well considering so we can expect a good jump up again when elections finally take place or...do investors actually prefer the stability of the Junta because that appears to be the case in the current ranking .

 

quite a few bashers having a good cry about this , its amusing lol

Think your gloating is rather misplaced.  Investors would flock to North Korea if they were ensured a stable return.  Money has no soul and I as mentioned even little p says other nearby countries, more civilized than Thailand, are doing well also..  The economy for the government and the wealthy is great, but for the average Thai, prices are going up along with household debt and better jobs with increased wages are nonexistent.  If you want to gloat, go ahead, but the average is less happier than you are.  The Thai government, past and present, along with the elite deny the average Thai opportunity. 

[stephen tracy]

Just now, InMyShadow said:

[@ Stephen

 

Should have said you were the failure straight away rather than have me extract it out of you.

 

Don't see how being a failure in your case has anything to do with this thread.

 

How am I a "failure"? I'm not even a businessman, I have a job, I simply made a bad move in making an investment in Thailand. You didn't "extract" anything.  Although it is highly amusing that you believe you did. The thread is about Thailand's ranking as a place to invest, I don't see how mentioning that a tsunami and a coup destroyed my investment, as both did to plenty of others.  This is the problem with the acclaimed economists you mentioned, they simply can't predict that sort of thing. Anyway, you're boring the B'Jesus out of me now.  Your comments are always so predictable.

[InMyShadow]

How am I a "failure"? I'm not even a businessman, I have a job, I simply made a bad move in making an investment in Thailand. You didn't "extract" anything.  Although it is highly amusing that you believe you did. The thread is about Thailand's ranking as a place to invest, I don't see how mentioning that a tsunami and a coup destroyed my investment, as both did to plenty of others.  This is the problem with the acclaimed economists you mentioned, they simply can't predict that sort of thing. Anyway, you're boring the B'Jesus out of me now.  Your comments are always so predictable.

" I blame myself"

You blame yourself for a tsunami??

That's the problem with being cryptic in your REPLIES you tend to box yourself in

Time to give the turps a rest for the night eh?

[stephen tracy]

Just now, InMyShadow said:

" I blame myself"

You blame yourself for a tsunami??

That's the problem with being cryptic in your REPLIES you tend to box yourself in

Time to give the turps a rest for the night eh?

It wasn't the Tsunami alone, it was also the coup. Had I looked a little closer at the time I may have realized that Thailand is a socio-economic and political basket case. Box myself in? How infantile. Do you really think I take this seriously in anyway? You're merely an amusement to me. I have no idea what "turps" are. Perhaps you could enlighten me.

[HiSoLowSoNoSo]

Only a fool would invest in Thailand today.

[Confuscious]

Everybody who want to invest in Thailand, better contact me first.
I have a bridge on London for sale.
Unique opportunity.

[Lingba]

anyone who knows Thailand knows this story is full of holes...Investing in Thailand is the same as saying goodbye to your money