Investment under Foreign Business Act surges 60% last year

By THE NATION

 

FILE photo

 

Foreign investment in Thailand, under the Foreign Business Act of 2542, surged 60 per cent year on year to Bt200 billion in 2019.

 

Weerasak Wangsupakitkosol, Deputy Minister of Commerce, said on Tuesday (January 21) that 697 foreign investors were permitted to invest in Thailand last year under the Act.

 

Most of the investments were in capital -intensive businesses such as engineering service, software development, and application services related to logistics and passenger transport, and e-payment.

 

There were 3,000 Thai-foreign joint ventures set up last year with Bt47 billion in total registered capital.

 

He added that the figures indicated that foreign investment in Thailand was continuing and expected to expand further this year, thanks to the government's incentives.

 

Source: https://www.nationthailand.com/business/30380874

 

-- © Copyright The Nation Thailand 2020-01-22

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1 hour ago, webfact said:

 

Weerasak Wangsupakitkosol, Deputy Minister of Commerce, said on Tuesday (January 21) that 697 foreign investors were permitted to invest in Thailand last year under the Act.

Such a graceful concession to the foreign suckers who are willing to go down with the ship that is Thailand.

Not surprising. A nation of die hard consumers , very low unemployment and eager to embrace the western culture of greed and busyness, both great for business. That’s where we are falling by the wayside in Australia. Consumer confidence dwindling as folks double down in anticipation of the next gfc, where this easy cheapLy available cash will have us at each other’s throats when the <deleted> hits the fan. Go Trump! Bankruptcy Specialist....

4 hours ago, webfact said:

There were 3,000 Thai-foreign joint ventures set up last year with Bt47 billion in total registered capital.

 

He added that the figures indicated that foreign investment in Thailand was continuing and expected to expand further this year,

May be it would be about time to reconsider some immigration rules for the foreigners who invest and live in Thailand ?

Edited January 22, 20206 yr by nobodysfriend

Make up your mind; some speak of severely lower investments - even some deinvestments and here it is all "fun and games" again? 

Some Thai companies (Summit springs to mind) is closing one business unit after the other one and the aliens relocate to cheaper places with easier visa regulations and better opportunities to find skilled and semi-skilled workers not always on the Somtam and "buffalo sick" treat! 

  

22 minutes ago, Sydebolle said:

Make up your mind; some speak of severely lower investments - even some deinvestments and here it is all "fun and games" again? 

Some Thai companies (Summit springs to mind) is closing one business unit after the other one and the aliens relocate to cheaper places with easier visa regulations and better opportunities to find skilled and semi-skilled workers not always on the Somtam and "buffalo sick" treat! 

https://www.ceicdata.com/en/indicator/thailand/foreign-direct-investment

 

Up last year because it crashed down hard the year before that. 200 Bio total 2019, at thailands top they had 600 BIO FDIC in 2013 - then the military coup happened, the rest is history. You can easily see the crash in 2014, 2013 was all time high. 

 

 

 

 

Edited January 22, 20206 yr by ThomasThBKK

7 hours ago, Brickbat said:

Not surprising. A nation of die hard consumers , very low unemployment and eager to embrace the western culture of greed and busyness, both great for business. That’s where we are falling by the wayside in Australia. Consumer confidence dwindling as folks double down in anticipation of the next gfc, where this easy cheapLy available cash will have us at each other’s throats when the <deleted> hits the fan. Go Trump! Bankruptcy Specialist....

Use just can't help it "Trump Derangement syndrome elert". 

1 hour ago, Scot123 said:

Use just can't help it "Trump Derangement syndrome elert". 

You and Trump , like most of his base, have 2 things in common. Bad grammar and insults vs Facts. 

Oh good, no worries then????

22 hours ago, Brickbat said:

You and Trump , like most of his base, have 2 things in common. Bad grammar and insults vs Facts. 

Very arrogant. This is a forum and not an English exam. Your implications are lame at best considering Trumps success for America and bringing stability to the world. You must be a very accomplished person as for me I'm just one of those privately schooled uneducated people with 2 degrees (different areas) who managed to retire in his 40's. This is a Thai Forum to discuss Thailand and its events and not a political hate forum for any type of non Thai anti derangement syndrome.