25 foreign companies allowed to invest in Thailand in January

[snoop1130]

25 foreign companies allowed to invest in Thailand in January

By THE NATION

 

 

25 foreign companies have been allowed to conduct businesses in Thailand under the Foreign Business Act B.E. 2542 by Commerce Ministry's foreign business committee in January, said Wuttikrai Leeveeraphan, director-general at Business Development Department of the Commerce Ministry on Friday (January 31).

 

“Most of these companies are based in Japan, Singapore and Germany. They will invest a total of more than Bt900 million in the country and create 260 jobs," he said.

 

“Allowing more foreign companies to invest in Thailand will help promote knowledge and technology transfers especially in the areas of shipyard construction, anti-vibration technology in automotive industry, operating systems of the logistics industry and telecommunication services,” he added.

 

The 25 companies being allowed to operate in Thailand are categorised as follows:

 

14 are engaged in industrial services such as cargo reservation for airfreight operators, trailer truck maintenance, internal audit, information technology and human resources services. These companies from Japan, Germany and Scotland boast a combined investment capital of Bt678 million.

 

Four companies are involved in the retail and wholesale of sport shoes, motorcycle dampers, and dairy products. Based in Japan, Hong Kong and Indonesia, they have a combined investment capital of Bt35 million.

 

Two companies from Singapore and Belgium, with a total investment capital of Bt161 million, operate in the segment of private-contract business.

 

Five other companies are engaged in customer services such as engineering consulting, trust fund management, property investment consulting and internet service without their own network. These investors from Malaysia, Hong Kong and Singapore have a combined investment capital of Bt38 million.

 

Source: https://www.nationthailand.com/news/30381368

 

-- © Copyright The Nation Thailand 2020-01-31

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[ukrules]

26 minutes ago, snoop1130 said:

25 foreign companies have been allowed to conduct businesses in Thailand under the Foreign Business Act B.E. 2542 by Commerce Ministry's foreign business committee in January

Wow, such generosity. They've been pumping the value of the currency over the last couple of years and now they open the doors to a paltry 25 companies.

 

This is just one of the many reasons why Thailand will be in a never ending death spiral as it falters over the coming years.

[FritsSikkink]

53 minutes ago, ukrules said:

 

 

This is just one of the many reasons why Thailand will be in a never ending death spiral as it falters over the coming years.

I think you are talking about the UK

[AussieBob18]

Thailand economy is going into a recession soon - this is fake news.

[tom in bangkok]

Okay but which companies?

[yellowboat]

15 hours ago, snoop1130 said:

allowed to invest

They should be so grateful.  They are so lucky.

15 hours ago, snoop1130 said:

“Most of these companies are based in Japan, Singapore and Germany. They will invest a total of more than Bt900 million in the country and create 260 jobs," he said.

Wow, how underwhelming. It talks of anti vibrant technology.  cha cha is an expert in that field.  He has made the whole country less than vibrant.

Edited February 1, 2020 by yellowboat

[Caldera]

I don't get why this is even news. 260 jobs combined? That's next to nothing - I could plaster a single street with 7/11s and employ more people than this!

[Scott Tracy]

900 million = 260 jobs...whoopee doooo.

 

He likes the foreign currency, but he cares not about the people. 25 companies 260 jobs, an average of around 10 jobs per company. 

[Cake Monster]

There are plenty of empty Commercial Properties for Rent and Sale due to all the recent Closures and Lay off,s.

But with only an average 10 Employees per Company, I suppose a shop house would do.

Hardly Large scale Investment for a Country

[Sydebolle]

How generously kind of them to "ALLOW"; never heard a more arrogant statement of a government speaker.

The country has an ailing economy, nosediving tourism and a currency of which the country's governour of the national bank said that there "nothing we can do about the strength of our currency". Well, it took a little more than a nice flue from China and "Pop, there goes the weasel"! 

[Creasy]

Maybe the companies should prostrate to the feet of Wuttikrai Leeveeraphan, director-general at Business Development Department of the Commerce Ministry for being allowed to invest in Thailand .

[jackdd]

25 companies and 260 employees?

They each opened a 7/11 franchise?

Or did they pool their funds and opened one HomePro?