Yingluck Calls Thailand A Haven For Foreign Investment

[seajae]

What's the geezer in the red tie doing. Dirty old man.

she is dribbling sh*t again like usual and he is making sure he doesnt step in it

[kotsak]

What's the geezer in the red tie doing. Dirty old man.

He is checking the hub..

Edited March 6, 2013 by kotsak

[TommoPhysicist]

I would like to start up a micro brewery ........ not going to hand 51% of any investment to a local.

[Songhua]

What's the geezer in the red tie doing. Dirty old man.

Following with a shovel.

[ggold]

With the antics of the current government is any investment safe in Thailand?

[chainarong]

Well it's a haven, however which way you look at it.

[clockman]

Not forgetting the optional extra, in a Thai buisness plan. A revolver!

Edited March 6, 2013 by clockman

[ovenman]

I wonder how Carlsberg, Pepsi and Pizza Hut view Thailand? "Haven"? Possibly not!

Or perhaps Carrefour?

[jamhar]

Not even close IN THIS REGION!

The numbers speak for themselves.

in a recent survey of countries with ease of doing business

http://data.worldbank.org/indicator/IC.BUS.EASE.XQ

1 - Singapore

2 - HongKong

3 - NZ

4 - US.

.

.

6 - UK

.

.

10 - Oz

.

.

17 - Canada

18 - TL

.....

To my canuck friends.

Do you really want to be that closely ranked with TL on any list?

[ovenman]

When I hear the word haven applied to the business/financial world, I immediately think of tax haven, which actually has negative connotations abroad.

[Thai at Heart]

I would like to start up a micro brewery ........ not going to hand 51% of any investment to a local.

Good luck. Foreign companies are prohibited from manufacturing alcohol in Thailand.

[stiggy]

Having run a International business here in Thailand the last 10 plus years, following all the rules and being incredibly patient with this beautiful country. I can from my own experience state without a hesitation.

That Yingluck is talking absolute b#llox.

The rues are just plain baffling and constantly changing, FTA is almost impossible to regularly enforce and when you win "yes win as it's a battle" It seems another department finds a way to screw you.The fact we can and will run our business elsewhere and trade still in Thailand saddens me, as its a lose to our staff and the local economies that benefit from it.

[lungmi]

Europe welcomed a cheerleader in a diplomatic way knowing that she is a cheerleader.

I checked some international European Press . No place for cheerleaders.

[slipperx]

Thailand is not a haven for investment, it is xenophobic, has a justice system that is corruptible, a police force that has no bearing on justice except lining its own pockets and certainly with no regard to the law except how they can twist it for gain, a government that is possibly the MOST corrupt of all time for Thailand which is already near the bottom of the heap of corruption infested countries and a local government system that is borne from it. It has no way for foreign management to own their own homes never mind longer staying expatriates, it is almost impossible to get civil or criminal or civil justice here and no respect for the law of contract - the most basic of business requirements. It has a policy of refusing to allow you to take you investment out of the country and anyway the tax offices are so biased it is most unlikely you will make any profit anyway. There is no logic, no honesty, no morality and the thing they are most proud of is their Thai Culture that brought them to this state of affairs. The workers are lazy, ignorant through lack of education and anything beyond repetitive work is way beyond 90% of them - also they have extended family with hundreds of mothers, fathers, grandmothers, and grandfathers that fall sick and die with alarming regularity - I guess most of those must be adoptive parents? anyway a good excuse for a day off. The labour laws and just about everything else is loaded against business.

It is a safe haven for foreign investment if by that she means foreigners will likely end up in the investment graveyard along with their bodies after the mafia have finished screwing every asset off them. No I don't think so ex-Ms Thaksin - that sounds like a load of ........

[chiangmaikelly]

Thailand is not a haven for investment, it is xenophobic, has a justice system that is corruptible, a police force that has no bearing on justice except lining its own pockets and certainly with no regard to the law except how they can twist it for gain, a government that is possibly the MOST corrupt of all time for Thailand which is already near the bottom of the heap of corruption infested countries and a local government system that is borne from it. It has no way for foreign management to own their own homes never mind longer staying expatriates, it is almost impossible to get civil or criminal or civil justice here and no respect for the law of contract - the most basic of business requirements. It has a policy of refusing to allow you to take you investment out of the country and anyway the tax offices are so biased it is most unlikely you will make any profit anyway. There is no logic, no honesty, no morality and the thing they are most proud of is their Thai Culture that brought them to this state of affairs. The workers are lazy, ignorant through lack of education and anything beyond repetitive work is way beyond 90% of them - also they have extended family with hundreds of mothers, fathers, grandmothers, and grandfathers that fall sick and die with alarming regularity - I guess most of those must be adoptive parents? anyway a good excuse for a day off. The labour laws and just about everything else is loaded against business.

It is a safe haven for foreign investment if by that she means foreigners will likely end up in the investment graveyard along with their bodies after the mafia have finished screwing every asset off them. No I don't think so ex-Ms Thaksin - that sounds like a load of ........

Thailand ranks 88 out of 176. http://cpi.transparency.org/cpi2012/

[chiangmaikelly]

Having run a International business here in Thailand the last 10 plus years, following all the rules and being incredibly patient with this beautiful country. I can from my own experience state without a hesitation.

That Yingluck is talking absolute b#llox.

The rues are just plain baffling and constantly changing, FTA is almost impossible to regularly enforce and when you win "yes win as it's a battle" It seems another department finds a way to screw you.The fact we can and will run our business elsewhere and trade still in Thailand saddens me, as its a lose to our staff and the local economies that benefit from it.

Too bad. Is it a Treaty of Amity business?

[EyesWideOpen]

Thailand is not a haven for investment, it is xenophobic, has a justice system that is corruptible, a police force that has no bearing on justice except lining its own pockets and certainly with no regard to the law except how they can twist it for gain, a government that is possibly the MOST corrupt of all time for Thailand which is already near the bottom of the heap of corruption infested countries and a local government system that is borne from it. It has no way for foreign management to own their own homes never mind longer staying expatriates, it is almost impossible to get civil or criminal or civil justice here and no respect for the law of contract - the most basic of business requirements. It has a policy of refusing to allow you to take you investment out of the country and anyway the tax offices are so biased it is most unlikely you will make any profit anyway. There is no logic, no honesty, no morality and the thing they are most proud of is their Thai Culture that brought them to this state of affairs. The workers are lazy, ignorant through lack of education and anything beyond repetitive work is way beyond 90% of them - also they have extended family with hundreds of mothers, fathers, grandmothers, and grandfathers that fall sick and die with alarming regularity - I guess most of those must be adoptive parents? anyway a good excuse for a day off. The labour laws and just about everything else is loaded against business.

It is a safe haven for foreign investment if by that she means foreigners will likely end up in the investment graveyard along with their bodies after the mafia have finished screwing every asset off them. No I don't think so ex-Ms Thaksin - that sounds like a load of ........

Just say what you really feel..... :-) Just kidding, you have pretty much nailed the issues. After a long time here, I am amazed that anyone would invest one dollar here. Big international businesses seem to do ok such as Honda, but I think they are somewhat immune to the lower level shakedowns. Of course Pepsi cannot be very happy now.....Perhaps large companies wishing to invest here could contact them !! Edited March 6, 2013 by EyesWideOpen

[surangw]

foreign investment = doing better than similar thai companies = loss of face bombings

[Bagwan]

Indonesia Could Pass Thailand To Become The Largest Vehicle Market:

Well done Yingluck looks like the words getting around. Next it will be Thailand the hub of failed states.

pb-110629-shinawatra-03_photoblog900.jpg Now wheres the chocolate shops?

Damn, where do you get this pics!!??!!

They are hilarious!!!!

Why are all those Japanese tourists taking her picture?

Re the guy wearing a red tie. My first thought was that he was holding a stick with a mirror attached to the end.

[noitom]

Thailand on the hustle and con.

[Soi Sauce]

The European hub of corruption, aka the EU head office in Belgium, agrees to deal with the possible AEC hub of corruption for the 66 billion.

I'm shocked!

Edited March 6, 2013 by Soi Sauce

[Buchholz]

When I hear the word haven applied to the business/financial world, I immediately think of tax haven, which actually has negative connotations abroad.

.

It's not negative if you're moving billions in Ample Rich stock through the tax haven of the British Virgin Islands.

.

Edited March 6, 2013 by Buchholz

[Skywalker69]

Is it just me or does the PM (and therefore Thailand) always seem to ask for lots, but offers nothing in return?

You can bet she offered some rice.

Fried rice, boiled rice, steamed rice, sticky rice, nice rice and twice the price rice.

Expensive rice, rotten rice, rat pee marinated rice, black rice (to be paid on a personal account)

[hellodolly]

Thailand is not a haven for investment, it is xenophobic, has a justice system that is corruptible, a police force that has no bearing on justice except lining its own pockets and certainly with no regard to the law except how they can twist it for gain, a government that is possibly the MOST corrupt of all time for Thailand which is already near the bottom of the heap of corruption infested countries and a local government system that is borne from it. It has no way for foreign management to own their own homes never mind longer staying expatriates, it is almost impossible to get civil or criminal or civil justice here and no respect for the law of contract - the most basic of business requirements. It has a policy of refusing to allow you to take you investment out of the country and anyway the tax offices are so biased it is most unlikely you will make any profit anyway. There is no logic, no honesty, no morality and the thing they are most proud of is their Thai Culture that brought them to this state of affairs. The workers are lazy, ignorant through lack of education and anything beyond repetitive work is way beyond 90% of them - also they have extended family with hundreds of mothers, fathers, grandmothers, and grandfathers that fall sick and die with alarming regularity - I guess most of those must be adoptive parents? anyway a good excuse for a day off. The labour laws and just about everything else is loaded against business.

It is a safe haven for foreign investment if by that she means foreigners will likely end up in the investment graveyard along with their bodies after the mafia have finished screwing every asset off them. No I don't think so ex-Ms Thaksin - that sounds like a load of ........

Just say what you really feel..... :-) Just kidding, you have pretty much nailed the issues. After a long time here, I am amazed that anyone would invest one dollar here. Big international businesses seem to do ok such as Honda, but I think they are somewhat immune to the lower level shakedowns. Of course Pepsi cannot be very happy now.....Perhaps large companies wishing to invest here could contact them !!

Not saying any one is right or wrong but there sure is a lot of negativity posted here about Thailand.

The one thing all the nay sayers have in common is they do not recommend another country which has similar low labor costs.

[NeverSure]

Thailand is not a haven for investment, it is xenophobic, has a justice system that is corruptible, a police force that has no bearing on justice except lining its own pockets and certainly with no regard to the law except how they can twist it for gain, a government that is possibly the MOST corrupt of all time for Thailand which is already near the bottom of the heap of corruption infested countries and a local government system that is borne from it. It has no way for foreign management to own their own homes never mind longer staying expatriates, it is almost impossible to get civil or criminal or civil justice here and no respect for the law of contract - the most basic of business requirements. It has a policy of refusing to allow you to take you investment out of the country and anyway the tax offices are so biased it is most unlikely you will make any profit anyway. There is no logic, no honesty, no morality and the thing they are most proud of is their Thai Culture that brought them to this state of affairs. The workers are lazy, ignorant through lack of education and anything beyond repetitive work is way beyond 90% of them - also they have extended family with hundreds of mothers, fathers, grandmothers, and grandfathers that fall sick and die with alarming regularity - I guess most of those must be adoptive parents? anyway a good excuse for a day off. The labour laws and just about everything else is loaded against business.

It is a safe haven for foreign investment if by that she means foreigners will likely end up in the investment graveyard along with their bodies after the mafia have finished screwing every asset off them. No I don't think so ex-Ms Thaksin - that sounds like a load of ........

Just say what you really feel..... :-) Just kidding, you have pretty much nailed the issues. After a long time here, I am amazed that anyone would invest one dollar here. Big international businesses seem to do ok such as Honda, but I think they are somewhat immune to the lower level shakedowns. Of course Pepsi cannot be very happy now.....Perhaps large companies wishing to invest here could contact them !!

Not saying any one is right or wrong but there sure is a lot of negativity posted here about Thailand.

The one thing all the nay sayers have in common is they do not recommend another country which has similar low labor costs.

This a request to borrow money for the government's use in infrastructure projects. It isn't an invitation to invest in business which you could do by buying stocks. The Thai government is well known for its corruption, and for massive amounts of money disappearing when first targeted for infrastructure.

Anyone who'd loan the Thai government money with it's corruption and unstable government would be downright foolish.

[chooka]

So start letting people have more than 49% share of a company. And also let in competition for companies like TOT and others from foreigner owned companies

Investment is wanted but competition is banned. Competition does not allow a level playing field for thais who must win.

[chooka]

I would like to start up a micro brewery ........ not going to hand 51% of any investment to a local.

Why on earth would anyone invest thier money in Thailand when you can never own the company. Foreigners invest all the money take all the risks and thai own the company scooping the majority of the profits without investing a single baht.

[chiangmaikelly]

Thailand is not a haven for investment, it is xenophobic, has a justice system that is corruptible, a police force that has no bearing on justice except lining its own pockets and certainly with no regard to the law except how they can twist it for gain, a government that is possibly the MOST corrupt of all time for Thailand which is already near the bottom of the heap of corruption infested countries and a local government system that is borne from it. It has no way for foreign management to own their own homes never mind longer staying expatriates, it is almost impossible to get civil or criminal or civil justice here and no respect for the law of contract - the most basic of business requirements. It has a policy of refusing to allow you to take you investment out of the country and anyway the tax offices are so biased it is most unlikely you will make any profit anyway. There is no logic, no honesty, no morality and the thing they are most proud of is their Thai Culture that brought them to this state of affairs. The workers are lazy, ignorant through lack of education and anything beyond repetitive work is way beyond 90% of them - also they have extended family with hundreds of mothers, fathers, grandmothers, and grandfathers that fall sick and die with alarming regularity - I guess most of those must be adoptive parents? anyway a good excuse for a day off. The labour laws and just about everything else is loaded against business.

It is a safe haven for foreign investment if by that she means foreigners will likely end up in the investment graveyard along with their bodies after the mafia have finished screwing every asset off them. No I don't think so ex-Ms Thaksin - that sounds like a load of ........

Just say what you really feel..... :-) Just kidding, you have pretty much nailed the issues. After a long time here, I am amazed that anyone would invest one dollar here. Big international businesses seem to do ok such as Honda, but I think they are somewhat immune to the lower level shakedowns. Of course Pepsi cannot be very happy now.....Perhaps large companies wishing to invest here could contact them !!

Not saying any one is right or wrong but there sure is a lot of negativity posted here about Thailand.

The one thing all the nay sayers have in common is they do not recommend another country which has similar low labor costs.

This a request to borrow money for the government's use in infrastructure projects. It isn't an invitation to invest in business which you could do by buying stocks. The Thai government is well known for its corruption, and for massive amounts of money disappearing when first targeted for infrastructure.

Anyone who'd loan the Thai government money with it's corruption and unstable government would be downright foolish.

The credit rating agencies which rate the US and UK also rate Thailand and they rate Thailand's government as stable. Thailand ranks 88 out of 176 in corruption. http://cpi.transparency.org/cpi2012/

Of course Thailand can get foreign investment which it is doing very well in getting. The Central bank has 5.37 trillion in foreign reserves.

[chiangmaikelly]

I would like to start up a micro brewery ........ not going to hand 51% of any investment to a local.

Why on earth would anyone invest thier money in Thailand when you can never own the company. Foreigners invest all the money take all the risks and thai own the company scooping the majority of the profits without investing a single baht.

The Treaty of Amity and Economic Relations Between the Kingdom of Thailand and the United States of America was a treaty signed at Bangkok on May 29, 1966. The treaty allows for American citizens and businesses incorporated in the U.S, or in Thailand to maintain a majority shareholding or to wholly own its company in Thailand, and thereby engage in business on the same basis as would a Thai national.

[chiangmaikelly]

So start letting people have more than 49% share of a company. And also let in competition for companies like TOT and others from foreigner owned companies

Investment is wanted but competition is banned. Competition does not allow a level playing field for thais who must win.

http://www.minorinternational.com/Home/Index.php I guess no one told him?