Popular Post webfact Posted November 25, 2019 Popular Post Share Posted November 25, 2019 FTI speculates more investors will move to Thailand By THE NATION The Federation of Thai Industries (FTI) has published a brief on the situation and trends in the electrical and electronics industries for the period January-September 2019, which notes that the total export value of electrical appliances products has dropped by 2.15 per cent over the same period last year to Bt576 billion, while that of electronic products (including telecommunication groups) has seen a 11.36 per cent decrease to Bt822.07 billion. However, despite the decrease in exports for both sectors, the FTI estimates that they could well bounce back at the end of 2019 as the international trade dispute is pushing several companies and investors to move their production facilities to Southeast Asia. According to FTI, the top destinations include Thailand, Vietnam and Cambodia. FIT also attributed the likely upswing in the electrical and electronics trend to the government’s policy to extend investment promotion measures in the Eastern Economic Corridor (EEC) and SMEs promotion campaigns toward next year, which should attract more investors to Thailand instead of neighboring countries. Source: https://www.nationthailand.com/news/30378710 -- © Copyright The Nation Thailand 2019-11-25 Follow Thaivisa on LINE for breaking Thailand news and visa info 5 Link to comment Share on other sites More sharing options...
Popular Post keith101 Posted November 25, 2019 Popular Post Share Posted November 25, 2019 You people live in Dream Land , why would investors come to Thailand when the economy is in decline due the strong baht and exports are down over all . I don't think they come here to lose money . 8 2 Link to comment Share on other sites More sharing options...
Popular Post Matzzon Posted November 25, 2019 Popular Post Share Posted November 25, 2019 Yeah right! The economical climate in Thailand is really attractive at the moment. Did I also mention that the fairies and dwarfs are still waiting for Santa to deliver the plastic tree? 3 3 Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted November 25, 2019 Popular Post Share Posted November 25, 2019 All hopeful speculation,I think. regards Worgeordie 3 Link to comment Share on other sites More sharing options...
Popular Post Cadbury Posted November 25, 2019 Popular Post Share Posted November 25, 2019 43 minutes ago, webfact said: FTI speculates more investors will move to Thailand Many might speculate that this speculation will not materialise. Some might even speculate that the high Thai Baht might be a big deterrent and there is even speculation whether the EEC will become reality. Things are desperate when the economy is built on speculation. 5 2 Link to comment Share on other sites More sharing options...
Popular Post BritManToo Posted November 25, 2019 Popular Post Share Posted November 25, 2019 (edited) 2 minutes ago, Cadbury said: Many might speculate that this speculation will not materialise. Some might even speculate that the high Thai Baht might be a big deterrent and there is even speculation whether the EEC will become reality. Things are desperate when the economy is built on speculation. With Thai wages 3x-4x those of neighbouring countries, I speculate no business will come. Edited November 25, 2019 by BritManToo 8 1 1 Link to comment Share on other sites More sharing options...
Popular Post Mavideol Posted November 25, 2019 Popular Post Share Posted November 25, 2019 they show the trend on China and USA but didn't mention the expectations for Thailand, we all know they would be great but at least they should show it so we could have a good laugh 555 Thailand no longer LOS now is LWT (land of wishful thinking) 5 Link to comment Share on other sites More sharing options...
Chazar Posted November 25, 2019 Share Posted November 25, 2019 1 hour ago, Matzzon said: waiting for Santa to deliver the plastic tree? Im sorry greta has banned them all 1 Link to comment Share on other sites More sharing options...
Popular Post Jessi Posted November 25, 2019 Popular Post Share Posted November 25, 2019 Last night I see on Mrs jessi F/B that an electronics company near BKK had stood down 2,500 staff. No Orders coming in. Stop using TAT Calculator ???? 3 3 Link to comment Share on other sites More sharing options...
DLock Posted November 25, 2019 Share Posted November 25, 2019 FTI speculates prays more investors will move to Thailand fixed. 1 2 Link to comment Share on other sites More sharing options...
Popular Post Chazar Posted November 25, 2019 Popular Post Share Posted November 25, 2019 2 hours ago, Jessi said: Last night I see on Mrs jessi F/B that an electronics company near BKK had stood down 2,500 staff. No Orders coming in. Stop using TAT Calculator ???? Chevrolet Laid off 300 at its main plant in Rayong a while back also I read yesterday. 3 Link to comment Share on other sites More sharing options...
Bournville Posted November 25, 2019 Share Posted November 25, 2019 So is this "FTI" team related to the TAT statistical manipulators? Load of rubbish. Totally illogical. 1 Link to comment Share on other sites More sharing options...
Jessi Posted November 25, 2019 Share Posted November 25, 2019 15 hours ago, Matzzon said: Yeah right! The economical climate in Thailand is really attractive at the moment. Did I also mention that the fairies and dwarfs are still waiting for Santa to deliver the plastic tree? What about the Tooth Fairy? ???? 1 Link to comment Share on other sites More sharing options...
Prairieboy Posted November 26, 2019 Share Posted November 26, 2019 From another article: "The employment rate in the non-farming sector, for the third quarter of this year, has fallen by 2.3% whereas, in the farming sector, it has fallen by 1.8%, according to the National Economic and Social Development Board (NESDB) NESDB Secretary-General Tossaporn Sirisamphan attributed the fall to natural problems, economic slowdown and shrinking exports." Add to that the strength of the baht and the immigration policies (yes, I mean the TM-30) and an unskilled work force, why would any company risk investing. Link to comment Share on other sites More sharing options...
IAMHERE Posted November 26, 2019 Share Posted November 26, 2019 Do 'investors' get a special visa or extension to stay ? If no special immigration privilege I don't expect many at all are going to come to Thailand to live or work or invest. Link to comment Share on other sites More sharing options...
Denim Posted November 26, 2019 Share Posted November 26, 2019 15 hours ago, Jessi said: Last night I see on Mrs jessi F/B that an electronics company near BKK had stood down 2,500 staff. No Orders coming in. Stop using TAT Calculator ???? Ah yes , but half a dozen new ones have opened around the corner. Or so the government would have people believe. Link to comment Share on other sites More sharing options...
Popular Post kingdong Posted November 26, 2019 Popular Post Share Posted November 26, 2019 Remember 1997?seems a lot of people don,t. 3 Link to comment Share on other sites More sharing options...
30la Posted November 26, 2019 Share Posted November 26, 2019 18 hours ago, webfact said: FTI speculates more investors will move to Thailand Dreamers never die ... Your speculation is a little senseless, speculate on the Baht, it's better!???? Link to comment Share on other sites More sharing options...
Chazar Posted November 26, 2019 Share Posted November 26, 2019 1 hour ago, IAMHERE said: Do 'investors' get a special visa or extension to stay ? If no special immigration privilege I don't expect many at all are going to come to Thailand to live or work or invest. They get a TM30,what could be more encouraging than that! Link to comment Share on other sites More sharing options...
happy chappie Posted November 26, 2019 Share Posted November 26, 2019 I just watched a story of global companies in china moving out and heading for Vietnam.it makes no economic sense to set up a company in a country where the currency is out of control and then have to sell/export goods. take Harley Davidson,built a factory that must of cost some ridiculous amount.then they have to sell them in Asia at the baht rate.oh and to top the lot the Thai government have now slapped 100,000b extra tax on motorcycles over 1,000cc which I see as purely aimed at HD as many other manufacturers don't produce many models over that size engine. i bet HD are now regretting the move. 1 Link to comment Share on other sites More sharing options...
ivor bigun Posted November 26, 2019 Share Posted November 26, 2019 A company that our son deals with has just closed 500 laid off. Link to comment Share on other sites More sharing options...
Yadon Toploy Posted November 26, 2019 Share Posted November 26, 2019 They have just make the application and renewal process for work permits a little bit more difficult with additional requirements for tax reporting. 40 minutes ago, ivor bigun said: A company that our son deals with has just closed 500 laid off. Loads closing on the Eastern seaboard. That is the reality of this economy, but careful telling the truth, the government have already warned people about spreading bad news. 1 Link to comment Share on other sites More sharing options...
DPKANKAN Posted November 26, 2019 Share Posted November 26, 2019 20 hours ago, keith101 said: You people live in Dream Land , why would investors come to Thailand when the economy is in decline due the strong baht and exports are down over all . I don't think they come here to lose money . And I speculate the £1 will be at 100baht in 2 months!!555 ???????????? Link to comment Share on other sites More sharing options...
Yadon Toploy Posted November 26, 2019 Share Posted November 26, 2019 51 minutes ago, happy chappie said: I just watched a story of global companies in china moving out and heading for Vietnam.it makes no economic sense to set up a company in a country where the currency is out of control and then have to sell/export goods. take Harley Davidson,built a factory that must of cost some ridiculous amount.then they have to sell them in Asia at the baht rate.oh and to top the lot the Thai government have now slapped 100,000b extra tax on motorcycles over 1,000cc which I see as purely aimed at HD as many other manufacturers don't produce many models over that size engine. i bet HD are now regretting the move. Triumph motorcycles, built in Thailand, are 50 to 100% more expensive in Thailand than in the UK. Link to comment Share on other sites More sharing options...
Yadon Toploy Posted November 26, 2019 Share Posted November 26, 2019 53 minutes ago, happy chappie said: I just watched a story of global companies in china moving out and heading for Vietnam.it makes no economic sense to set up a company in a country where the currency is out of control and then have to sell/export goods. take Harley Davidson,built a factory that must of cost some ridiculous amount.then they have to sell them in Asia at the baht rate.oh and to top the lot the Thai government have now slapped 100,000b extra tax on motorcycles over 1,000cc which I see as purely aimed at HD as many other manufacturers don't produce many models over that size engine. i bet HD are now regretting the move. Any sensible analysis could have predicted what was coming for Harley in Thailand, however as I have said before, these kinds of decisions are made in Bangkok by starry eyed new arrivals with pants round the ankles in go-go bars and not by seasoned and savvy expats. 2 Link to comment Share on other sites More sharing options...
Redline Posted November 26, 2019 Share Posted November 26, 2019 They would need to bring in their own workers. The Thai education system has banned thinking in the schools 1 Link to comment Share on other sites More sharing options...
Srikcir Posted November 26, 2019 Share Posted November 26, 2019 On 11/25/2019 at 2:13 PM, webfact said: However, despite the decrease in exports for both sectors, the FTI estimates that they could well bounce back at the end of 2019 Reworded more precisely: 'However, despite reality ....' Link to comment Share on other sites More sharing options...
Youlike Posted November 26, 2019 Share Posted November 26, 2019 On 11/25/2019 at 2:22 PM, keith101 said: You people live in Dream Land , why would investors come to Thailand when the economy is in decline due the strong baht and exports are down over all . I don't think they come here to lose money . Well maybe because they are forced out of China by Trump? I guess the high baht is also caused by China. Link to comment Share on other sites More sharing options...
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