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Investors shun Thai government plan for development zones in north-eastern provinces


webfact

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8 hours ago, webfact said:

For the project in Nong Khai, for example, the Treasury Department has substantially cut the original rental fee for land, from 24,000 baht per 0.16 hectares to 2,100 baht, and still no potential investors have shown interest.

Build a casino????

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I think it's the same as it has been for decades.  The big money goons in Bkk need cheap labor from the NE.  Where do you think the majority of the "entertainers" come from who operate in the bars and massage parlors of BKK, Pattaya etc etc etc? 

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The reasoning behind making the NE a business hub was because the Chinese high speed railway is coming through Laos and over to Nong Khai. The original thinking was move business up there ready for its arrival meaning it woud be usable straight away wthout having to wait years for the line to be built down to  Bangkok and on to Samatprakan . I remember reading about it and even know a couple of guys who work for UK companies that have manufacturers in Samatprakan saying at the time that they may be moving their manufactring bases up to Issaan ( as they know my wife is from there). Looks like the Chinese will be tightening their belts and this may put the high speed rail on the back burner - hense business not wanting to move and therefore investment being withdrawn. Actually makes sense for a change .

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