BANGKOK (NNT) - Prime Minister and Minister of Finance Srettha Thavisin met with business leaders in Hong Kong, as he highlighted Thailand’s readiness to welcome investors and business sectors, and conveyed a message of trust and confidence in the Thai government’s preparation and willingness to offer assistance and cater to the needs of Hong Kong investors and businesses.

 

A private sector representative Dr. Allan Zeman, Chairman of Lan Kwai Fong Group, praised Thailand’s visa-free policy for tourists. He believes that the business sector would benefit from this policy, as China is a large market for Thailand’s tourism, with more than 1.4 billion people.

 

Meanwhile, another business representative said Hong Kong has a huge labor shortage in the medical field, thus inviting Thai doctors and experts to visit Hong Kong to share their experiences and expertise with Hong Kong medical workers, while pointing out Thailand’s internationally-recognized standards of excellence in healthcare services.

 

The Airport Authority Hong Kong in the meantime expressed hopes that Thailand and Hong Kong would accelerate the creation of transportation connectivity to increase the number of tourists and create infrastructure connections. In response, the Thai PM agreed and said that Hong Kong Airport is considered one of the most efficient airports in the world which is a transit hub and cooperates with U-Tapao Airport. The airport is considered a memorable destination for travelers and promotes the economy through tourism.

 

Furthermore, Hong Kong is interested in investing in Thailand, seeking the Thai government’s assistance in enhancing the Ease of Doing Business, as the country serves as the center of the CLMVT region. This presents a great opportunity to foster a growing business environment.

 

By Werawan Boonmee

 

Full story: NNT 2023-10-09

 

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I trust the Thai prime minister also pointed out to Hong Kong investors that to further increase the investment attractiveness of Thailand there will be a 35% tax on most remittances which is particularly nice for Hong Kong investors where taxes are extremely low in general and capital gains are not taxed at all.  So all these investors will surely appreciate to lose 35% of their investment even before it has started.????

 Thailand’s internationally-recognized standards of excellence in healthcare services. 

 

If you have the cash to pay for it of course ????

22 minutes ago, snoop1130 said:

the Thai PM agreed and said that Hong Kong Airport is considered one of the most efficient airports in the world which is a transit hub and cooperates with U-Tapao Airport. The airport is considered a memorable destination for travelers and promotes the economy through tourism.

I don't know many people who go to Hong Kong to visit the airport, as outstanding as it is, 25 years after opening.

 

I'm a bit confused by all these road shows by Srettha. He's touting for investment in Thailand from all his manic travelling, but on the other hand casting huge doubt on the efficacy of anyone investing in Thailand by a tightening tax regimen. You can't have it both ways. Hong Kong is one of the most liberal tax centres in the world. It would have been better to have clarity at the outset whether Thailand is going to become a high (or at least highly complicated) tax centre, or before reeling in investors. There is nothing that puts off an investor more than uncertainty in the market in which they are investing, and the regulatory systems in place. Also, the treatment of Hopewell by the Thai courts is not an incident that has gone unnoticed. 

13 hours ago, snoop1130 said:

Prime Minister and Minister of Finance Srettha Thavisin met with business leaders in Hong Kong, as he highlighted Thailand’s readiness to welcome investors and business sectors, and conveyed a message of trust and confidence in the Thai government’s preparation and willingness to offer assistance and cater to the needs of Hong Kong investors and businesses

Come and invest, bail us out of the mire.

14 hours ago, snoop1130 said:

and conveyed a message of trust and confidence in the Thai government

All scammers say : " Trust me " ...