Thailand’s Business Ease Ranking Plummets in Asia-Pacific: Survey

[Presnock]

2 hours ago, mfd101 said:

I wonder how this will affect the value of the baht ...

The thai leaders probably think it means that they should try to increase the value of he baht since there will be fewer buyers and they need to therefore increase the price and value of the baht to make more money - typical thai business thinking.  Just like the foremer RM and current pm trying to get the head of the bank to lower the interest rate but he feels it makes the baht stronger to keep the same interest rate while other govts are lowering theirs.  Just because itis causing business losses due to that interest rate, he doesn't care.

[geisha]

1 hour ago, spidermike007 said:

You put a young woman in charge who has absolutely no experience in politics, and she appoints every single minister based on cronyism without any thought to the whole concept of merit and skill, and what do you end up with? 

 

The super wealthy and the elite deserve this fate richly. 

It didn’t start with the new prime minister, Thailand has always been an economic and morality backward country. Due to the success of its tourist numbers, in my opinion, their politics  will get worse and worse. 
Greed comes to mind , and who cares about Thailands poor , none of them. 

[BadSpottedDog]

Not surprising at all. We have tried 2 avenues to open a business here. We applied for, and finally were approved for a legit BOI company, which was unbelievably hard and took almost a year to do! However, when we tried to add employees, it was impossible. Long story, but a new hire would leave the country to get a temporary non B, and when they came back, BOI office kept sending the employee addition request back with more and more questions (sometimes the same questions multiple times). This process took months, and the employee would run out of time on the temp Non B.

We abandoned ship with that effort, and went with a traditional business. This was also more work than it was worth. Requiring ridiculous amounts of senseless paperwork, and protocol, that showed us again just how difficult this would be going forward. Again. Not worth it.

The system is archaic, clunky, and the people making decisions have zero clues about various industries that are applying. I have so many "face palm" stories about our dead end journey, it's mind numbing.

Edited 23 minutes ago by BadSpottedDog
mistake

[impulse]

When I came to Thailand to work, they asked me what title they should put on my business card.  I told them not to use the words "manager" or "director", lest I get caught up in a FCPA prosecution. (Or tossed in jail when there was an accident, which almost happened to our country GM)

 

I don't know how any US company does business in Thailand without getting caught violating FCPA.  I guess the key there is "getting caught".