Thailand expects 100 Billion Thai Baht foreign Investment

[webfact]

 

According to the department’s director-general, Thosapone Dansuputra, 52 foreign firms invested a total of 5.12 billion baht in Thailand last month under the Foreign Business Act.

 

Of the 52, 22 foreign businesses had requested business licenses and 30 had requested certificates of foreign business activity. 298 Thais were also employed by these businesses.

 

14 investors totaled from Japan (3.58 billion baht), followed by six from Singapore (410 million baht), five from the UK (98 million baht), three from China, and 14 from the US (9 million baht) (548 million baht).

 

Full story: https://bangkokone.news/thailand-expects-100-billion-thai-baht-foreign-investment/

 

-- © Copyright BANGKOK ONE NEWS 2023-02-25

 

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[redwood1]

Well there are at least 52 stupid businesses  on the planet Earth....

[spidermike007]

14 from the US, at 9 million baht total? Huh? Was that a typo, or are they only pop up stores? 

[ThailandRyan]

32 minutes ago, spidermike007 said:

14 from the US, at 9 million baht total? Huh? Was that a typo, or are they only pop up stores? 

They might have listed assets with Thailand for employees who applied for one of the newest Visa classes one being the LTRWFT. Who knows, I am sure nit really investing per say.

[nigelforbes]

48 minutes ago, spidermike007 said:

14 from the US, at 9 million baht total? Huh? Was that a typo, or are they only pop up stores? 

Any American who starts a business here under Treaty of Amity rules will be listed, as long as they used foreign capital. Those 14 US companies that are mentioned might be restaurants of other small businesses or similar or indeed maybe just collateral.

 

But THB 100 bill. is only USD 3 bill., the economy needs more than 8, preferably closer to 12, to maintain the status quo.

 

https://tradingeconomics.com/thailand/foreign-direct-investment

Edited February 24, 2023 by nigelforbes

[hotchilli]

3 hours ago, webfact said:

According to the department’s director-general, Thosapone Dansuputra, 52 foreign firms invested a total of 5.12 billion baht in Thailand last month under the Foreign Business Act.

Yeah okay....

[zzaa09]

.....and who benefits from these lovely foreign investments?

Can wager it's not the commons.

[nigelforbes]

4 minutes ago, zzaa09 said:

.....and who benefits from these lovely foreign investments?

Can wager it's not the commons.

This is money that is injected into new or existing businesses in Thailand, businesses that pay the wages of the Thai staff it is required by law to employ. The money funds existing and future business operations, it pays for ingredients, material, supplies and products that help produce the final product which is the sold or exported and sold. Either way, it's money that helps improve GDP and helps keeps Thai's employed. So yes, it is the commoners.

[zzaa09]

24 minutes ago, nigelforbes said:

This is money that is injected into new or existing businesses in Thailand, businesses that pay the wages of the Thai staff it is required by law to employ. The money funds existing and future business operations, it pays for ingredients, material, supplies and products that help produce the final product which is the sold or exported and sold. Either way, it's money that helps improve GDP and helps keeps Thai's employed. So yes, it is the commoners.

Appears that there are some that still don't get it.

[nigelforbes]

4 minutes ago, zzaa09 said:

Appears that there are some that still don't get it.

Please tell me you don't think that the 100 bill. is nothing more than a feed mechanism for brown paper envelopes and that the purpose of FDI is solely to enrich the elite!

[Mad mick]

Not from CCP tourism ???????? 99% sure ! Thai Gov Dreamers in propoganda .

[nigelforbes]

6 minutes ago, Mad mick said:

Not from CCP tourism ???????? 99% sure ! Thai Gov Dreamers in propoganda .

Do you even know what you wrote because I have no idea what you said!

[klauskunkel]

Quote

Thailand expects 100 Billion Thai Baht foreign Investment

Department of Commerce clandestine meeting with TAT:

DoC: "Could we possibly borrow one of your numbers for a headline?"

TAT: "Sure thing. Did you per chance bring some of Anutin's weed along? We should puff on that first before doing the number thing... Oh, and don't forget to return it once you are done, we probably will need it for one of our predictions soon."