Investment projects worth Bt300 billion seek promotional privileges: BoI

[webfact]

Investment projects worth Bt300 billion seek promotional privileges
By Digital Content

BANGKOK, July 8 -- Investment projects worth about Bt300 billion were proposed to seek promotional privileges in the first half of this year, according to Board of Investment (BoI) secretary-general Udom Wongviwatchai.

Mr Udom said that foreign investors were building up confidence in Thailand as investment projects worth about 300 billion baht were proposed to seek promotional privileges from the board in the first half of this year.

He said the BoI maintained its expectation to receive requests from investors' projects worth Bt700 billion this year.

In the first six months of this year it already accepted investment projects worth about Bt300 billion for consideration.

The projects centre on service, automobile, chemical product, electrical and electronic product and transport sectors.

He also said that after the military takeover by the National Council for Peace and Order, arrivals of foreign investors from the United States and Europe were improving compared with those in the same period last year.

Investors now are paying more attention to long-term investment and economic fundamentals in Thailand rather than local political problems, Mr Udom said. (MCOT online news)


-- TNA 2014-07-08

[SoFarAndNear]

Does these numbers really showing invested money to Thailand or just accepted applications which doesn't mean that these companies will for sure bring this money into the country?

[noitom]

Any foreign firm seeking investment opportunity in Thailand would have to have their risk management and due diligence evaluated by the appropriate regulators in their respective industries. The military dictatorship in Thailand should be looking closely at these proposed deals. "Promotional privileges" is clearly a euphemism in Thailand for you know what.

[belg]

do those investors get privilege of owning 100% their own company and able to buy land where they might drop their factories ?