WHA chief urges govt to lure investors leaving China after Covid-19

[webfact]

WHA chief urges govt to lure investors leaving China after Covid-19

By THE NATION

 

 

There is a strong possibility of investments moving from China to Southeast Asia after the Covid-19 crisis is resolved, and the Thai government should collaborate with the private sector to woo investors to Thailand, WHA Group's chairman of the executive committee, Jareeporn Jarukornsakul said.

 

She said the incentives offered by the Board of Investment should cover all industries Thailand is interested in.

 

She also said that both the US and Japan wanted the investments return to them, but the production cost in the two countries is high. WHA estimated that those technological bases would return to Japan, while others would come to Asean.

 

She said the WHA has not been impacted much by Covid-19. WHA's logistics business had a good turnover due to expansion of e-commerce, while its industrial estate has been affected by the virus and is expected to recover in the second half of 2020.

 

The WHA president said investments in technologies, such as 5G and robots, would increase after the Covid-19 crisis is resolved. Industry 4.0 would come earlier than we expected, she added.

 

Those technologies and industries related to health would draw more investment. Thailand could use its ability to deal with Covid-19 as a strong point to draw investment, she added.

 

Source: https://www.nationthailand.com/news/30388009

 

-- © Copyright The Nation Thailand 2020-05-18

 

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[timendres]

18 minutes ago, webfact said:

There is a strong possibility of investments moving from China to Southeast Asia after the Covid-19 crisis is resolved, and the Thai government should collaborate with the private sector to woo investors to Thailand, WHA Group's chairman of the executive committee, Jareeporn Jarukornsakul said.

SEA, yes. Thailand, not so much.

 

19 minutes ago, webfact said:

She said the WHA has not been impacted much by Covid-19. WHA's logistics business had a good turnover due to expansion of e-commerce, while its industrial estate has been affected by the virus and is expected to recover in the second half of 2020.

Having worked directly with e-commerce and logistics in Thailand - dream on bringing in outside investment other than China. Industry is the only hope they have, and that is a long shot at best.

 

20 minutes ago, webfact said:

The WHA president said investments in technologies, such as 5G and robots, would increase after the Covid-19 crisis is resolved. Industry 4.0 would come earlier than we expected, she added.

Since "we expected" 2050, maybe. How many times are we going to hear "4.0"? It is beyond lame at this point. I am certain anyone who visits a government website in Thailand will simply be mesmerized by the technological prowess.

 

21 minutes ago, webfact said:

Those technologies and industries related to health would draw more investment. Thailand could use its ability to deal with Covid-19 as a strong point to draw investment, she added.

Thailand's healthcare industry is one of the best in SEA. It's ability to deal with COVID-19? Laughter fills the halls.

[JoeMc]

Vietnam top atraction. Indonesia also as production costs are low ..weak currency.

Guess Cambodia and Myanmar are trying to attract new inward investment ..never quite sure where Malaysia fits in ??

And Thailand .. strong currency, poor education, little English spoken, 'military' government ..interesting !!

[Thailand]

I can see China investing more in Thailand picking up cheap businesses by the bucket load.

Don't see much prospect of investors in China switching to Thailand, maybe other Asian countries but not too many advantages. Money over sentiment every time.

 

Just wishful thinking by WHA perhaps?

[holy cow cm]

If they monitor and stop Chinese business government groups and the Chinese smaller fries simply reinvesting and making businesses in Thailand so they can continue sending to the USA or other places disgusted with the Chinese and their government then they might have a good plan. The USA has had enough. Secondly they need to relax control on internet, communications and such being a military state government. Ain't no business gonna feel comfortable with their potential info flowing past 1 gate always being monitored to the hilt. Also redo the immigration system. There might be a lot of business folk who want permanent residence and not to be scrutinized by home visits or 90 day check ins or TM 30 check ins. Don't forget about the invasive new QR code on your telephone. For that matter make me and all the expats who invested and have family able to get easy PR's. To me it doesn't look like it is getting better here, but just the contrary of what it used to be.

[Ketyo]

There is more chance of the Army government turning the Thai economy into Myanmar II. Just like the Army government did over there for 60 years. But of course not as bad. 

 

When Ministries are led by army generals, you can never rely on good sensible decisions being taken. And that's important when you are investing a lot of money. 

 

So it's not going to happen.