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Green light for overseas investment in Thailand at value Bt5 billion
By English News



BANGKOK, April 26 – Twenty-nine foreign business operators were granted permission to invest in Thailand with a combined capital investment of Bt5 billion (US$175 million) and hiring 662 Thai workers, a Commerce Ministry official said.

Ittipol Changlum, deputy director general of the Business Development Department, said 17 applicants, nearly 60 per cent of the businesses, were in the service industry with an investment of Bt4.83 billion (US$167 million).

The investors are from Japan, Singapore, Hong Kong, Malaysia, Germany, the British Virgin Islands, the Netherlands and South Korea.

The applications, approved on Wednesday, involved seven representative business with a total investment of Bt22 million (US$.76 million), three retail business at Bt52 million (US$1.8 million), one wholesale business at Bt9 million (US$300,000), and a joint business with the public sector at Bt165 million (US$5.7 million).

Permissions for foreign investors in April were 17 per cent lower than the preceding month but total investment was 207 per cent higher.

In the first four months of this year, 128 foreign investors have been legally allowed to set up their businesses in Thailand with a combined investment of Bt8.73 billion (US$301 million). The number of investors increased by 16 per cent and investment value by 168 per cent compared to the corresponding period last year. (MCOT online news)


-- TNA 2013-04-26

[clockman]

I wish them luck!!!!!!!!!!!!!!!

[apalink_thailand]

I am curious to know what industries the other 4.5 Billion will be invested into. That's a huge number.

[reflectionx]

and a joint business with the public sector at Bt165 million (US$5.7 million).

no comment needed ...

[TallGuyJohninBKK]

another company selling fake bomb detecting devices???

[Locationthailand]

I don't think this is anything really news worthy. It is also a very small amount when dealing with 'real' investment. Did the Commerce 'Official' explain to the investors that from here on in, they will need to continue to pay, as nothing happens here on a regular business basis without payments, especially when it comes to customs.

[timewilltell]

More investors coming to pay to learn Thai culture. They should have revised a little more.

[lounger]

Foreign investment pushes the baht higher and this month the increase in permited Bath investment is up 207%. An enormous amount.

The flip side is how will these companies export with noncompetitive baht . Have they been given any assurances.

The logical assumption has to be that this is not exportable business but either infrastructure or pure investment in financial products. Lets hope the Thai mint is having to print money as that would not be putting pressure on the baht .

[Arkady]

"The applications, approved on Wednesday, involved seven
representative business with a total investment of Bt22 million (US$.76
million), three retail business at Bt52 million (US$1.8 million), one wholesale
business at Bt9 million (US$300,000), and a joint business with the public
sector at Bt165 million (US$5.7 million)."

This adds up to only Bt 248 million. What about the other Bt 4.752 billion? Ha ha.

What a rubbish article!

Edited April 27, 2013 by Arkady