Popular Post webfact Posted October 6, 2023 Popular Post Posted October 6, 2023 Industrial land sales in Thailand, managed by the Industrial Estate Authority of Thailand (IEAT), witnessed a dramatic rise of 182% year on year in fiscal this year, totalling 5,693 rai. This substantial increase was due to the migration of foreign manufacturing plants to Thailand and the country’s government’s investment incentives. The sales figures surpassed the previously projected target of 2,500 rai, set for the period spanning from October 1 last year to September 30 this year. Veeris Ammarapala, the governor of the IEAT, explained that the surge in sales was not only due to the relocation of factories but also due to increased investment in the Eastern Economic Corridor (EEC) and the implementation of a long-term resident visa policy. This policy allows foreigners a ten-year stay, thus attracting foreign investors. “Land sales in the EEC amounted to 4,724.8 rai while the remaining 967.7 rai was outside the EEC,” he disclosed. by Alex Morgan Photo: giovaninelmondo.org Full story: The Thaiger 2023-10-06 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Get our Daily Newsletter - Click HERE to subscribe 3
jacko45k Posted October 6, 2023 Posted October 6, 2023 So the increase is based on a year ago when in reality the world was stumbling to post Covid recovery? I just know on the Thai side here, I got complaints that there was less overtime about, and production was moving to Vietnam. 1
retarius Posted October 6, 2023 Posted October 6, 2023 5000 odd rai? The size of a modest village? Yes surging vs a low base. Tell me when the surge actually has factories on it, exporting. 1
Popular Post fondue zoo Posted October 6, 2023 Popular Post Posted October 6, 2023 The media spin is taking on a different flavour with the new sheriff in town. 2 1
Popular Post realfunster Posted October 6, 2023 Popular Post Posted October 6, 2023 So an 186% increase from 1/10/22-30/9/23 compared to 1/10/21-30/9/22. Thailand's obviously an attractive investment destination. Oh hang on, wasn't there was some sort of minor global incident in that 21-22 period ?.... I wonder if that might have artificially deflated the investment figures for that year, making any comparison pretty much worthless ? 2 1
connda Posted October 6, 2023 Posted October 6, 2023 I have a great idea. Let's tax all foreign funds inflows to Thailand! 1 1
topt Posted October 6, 2023 Posted October 6, 2023 Whatever the relative increase is the headline "profit" vs revenue seems very high to me Quote In fiscal this year, the IEAT reported a revenue of 8.5 billion baht and a profit of 3.7 billion baht. And the year hasn't even finished yet - depending on this company's fiscal......... I am guessing also this is gross profit before taking off a myriad of other items..........
ukrules Posted October 6, 2023 Posted October 6, 2023 I'd like to see the 2019 and 2018 figures as well - just for comparison.......???? 1
kwilco Posted October 7, 2023 Posted October 7, 2023 I'd suggest this is a matter for concern for any expats living in Rayong or parts of Chonburi. Road building and industrial infrastructure and the resulting pollution are going to increase dramatically over the next few years
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