50 billion Baht approved to boost investment

[Lite Beer]

50 billion Baht approved to boost investment

BANGKOK, 18 July 2014 (NNT)-The Chief of the NCPO met with the Board of Investment (BOI) today to finalize a decision on investment projects; a total of 50,000 million baht will be invested and 15 more projects will be financially supported.

Udom Wongviwatchai, the Secretary General of the Board of Investment, revealed after the meeting which was presided over by the head of the National Council for Peace and Order (NCPO) General Prayuth Chan-ocha, that the board together with the NCPO has approved a total budget of 51,526 billion baht, to support 15 projects. The program of initiatives includes nine projects involved with power generation of which six are dealing with wind power. The second phase of eco-friendly car production was also given the go ahead.

From June to August, the BOI has successfully promoted and supported investment and business by having approved 92 projects, with investments worth 742,890 million baht. The rest of the projects are set to be approved by August, added the secretary-general

-- NNT 2014-07-18

[NeverSure]

This isn't how you do it. The government can't even run a railroad. The government is a net consumer of wealth, not a producer. The government, spending other peoples' money usually makes poor investments in PC things that won't show a profit - things that couldn't attract smart investor money.

The way to do it is without money. Offer incentives to new companies to entice them to open manufacturing plants at their own expense. Give them a free ride on taxes, and a free lease on land for ten years. It isn't really giving them anything because it's rent and taxes that never would have been collected anyway.

In the meantime, the investment is made and the good jobs created and the economy improved, and after ten years the government begins to collect new taxes and land lease money that never would have been there.

If government has that much surplus money they should give it back to the private sector where the real economy lives, and do everything they can to encourage private investment.

[Chris Lawrence]

"Media operations and content are tightly controlled, and the Party largely determines what appears in news reports. Controlling media content allows the Communist Party to disseminate propaganda supportive of government policies, censor controversial news stories, and have reports published criticizing political adversaries, including advocates of religious freedom and democracy, supporters of Taiwanese and Tibetan independence, and representatives of the United States government.

"ideological remolding" or "thought reform", ideological purges, ritual humiliation of ideological opponents, an emphasis on political study to raise levels of awareness of the current line, and targeting high-profile individuals as symbols of negative tendencies which must be eradicated." Taken from Wikipedia 'Propaganda in the People's Republic of China'.

Sounds similar to what is happening in Thailand? Media is controlled, political adversaries are criticised. The US is given a hit over the Teir 3 human trafficking, and humiliation of opponents by way of publishing their financial details?

So the news is now about spending money? Just gets better?

[Chris Lawrence]

This isn't how you do it. The government can't even run a railroad. The government is a net consumer of wealth, not a producer. The government, spending other peoples' money usually makes poor investments in PC things that won't show a profit - things that couldn't attract smart investor money.

The way to do it is without money. Offer incentives to new companies to entice them to open manufacturing plants at their own expense. Give them a free ride on taxes, and a free lease on land for ten years. It isn't really giving them anything because it's rent and taxes that never would have been collected anyway.

In the meantime, the investment is made and the good jobs created and the economy improved, and after ten years the government begins to collect new taxes and land lease money that never would have been there.

If government has that much surplus money they should give it back to the private sector where the real economy lives, and do everything they can to encourage private investment.

Thats because the military operates on another set of principles or doctrines that are military focused. They will use a combination of 'Military operations plan', effects based operations, military operations other than war and operational view. The NCPO is and wants to be in control; their belief system they operate under does not appear to be a democratic process. Their doctrines may end up doing more damage to the country in the long run?

[jaltsc]

Why not just invest in producing larger tubes of skin whitening cream, breast and penile augmentation clinics and cheaper alcohol? The economy will grow.

Edited July 19, 2014 by jaltsc

[shirtless]

The real question is who will benefit from this investment, they should consider micro loans so more people can establish small businesses.

[Lite Beer]

Mega projects worth over 50 billion baht get promotion

BANGKOK: -- The Board of Investment (BOI) has approved 15 new mega-projects worth 51.5 billion baht.
BOI secretary-general Udom Wongviwatchai said the approved applications of the 15 mega-projects Friday, bringing the total number of projects receiving the promotion approval this month to 92.

He said the 92 projects had total value of 258 billion baht, accounting for 35 percent of total investment value of pending applications.

BoI is expected to complete consideration for all the applications by next month.

The BOI’s approval process was delayed for months due to political turmoil in Thailand since late last year.

The secretary-general also said it plans to revise its long-term (seven year) investment promotion strategy to narrow its focus onto investment projects that promote new technology and legal and quality labour.

Source: http://englishnews.thaipbs.or.th/mega-projects-worth-50-billion-baht-get-promotion/?utm_source=rss&utm_medium=rss&utm_campaign=mega-projects-worth-50-billion-baht-get-promotion

-- Thai PBS 2014-07-19

[bangrak]

"Media operations and content are tightly controlled, and the Party largely determines what appears in news reports. Controlling media content allows the Communist Party to disseminate propaganda supportive of government policies, censor controversial news stories, and have reports published criticizing political adversaries, including advocates of religious freedom and democracy, supporters of Taiwanese and Tibetan independence, and representatives of the United States government.

"ideological remolding" or "thought reform", ideological purges, ritual humiliation of ideological opponents, an emphasis on political study to raise levels of awareness of the current line, and targeting high-profile individuals as symbols of negative tendencies which must be eradicated." Taken from Wikipedia 'Propaganda in the People's Republic of China'.

Sounds similar to what is happening in Thailand? Media is controlled, political adversaries are criticised. The US is given a hit over the Teir 3 human trafficking, and humiliation of opponents by way of publishing their financial details?

So the news is now about spending money? Just gets better?

As you seem to know your way in it, and are so busy on the net, can you please help me, it's not on Wiki though, find the origin of the money the founder of the Ku Shun dynasty in Thailand (later called Shinawatra) as a young man paid with for buying an expensive tax farming charge for Chiang Mai, and how and why, as a newcomer, he had enough credibility to be taken seriously about it. I have some ideas about it, but I need confirmation, and when it would come from you, not even the most dyed through Shins' fan will dare to put it in doubt. Thank you very much!

[belg]

or they could invest in education, give every school some serious IT ? or even electricity

[Alwyn]

wind farms? please..... They cost too much to make and will not recover enough energy to pay for themselves and of course you need wind, constant wind.

[fobuff]

I see very rich generals in the near future...

[manjara]

Yes, 9 projects related to wind power. I always say to the wife when we're in Thailand, 'Why is there so much wind in this country!? And there's not enough sun, just always wind, wind, wind!'

Thank god it wasn't solar power they are investing in!

[NeverSure]

Mega projects worth over 50 billion baht get promotion

BANGKOK: -- The Board of Investment (BOI) has approved 15 new mega-projects worth 51.5 billion baht.

BOI secretary-general Udom Wongviwatchai said the approved applications of the 15 mega-projects Friday, bringing the total number of projects receiving the promotion approval this month to 92.

He said the 92 projects had total value of 258 billion baht, accounting for 35 percent of total investment value of pending applications.

BoI is expected to complete consideration for all the applications by next month.

The BOI’s approval process was delayed for months due to political turmoil in Thailand since late last year.

The secretary-general also said it plans to revise its long-term (seven year) investment promotion strategy to narrow its focus onto investment projects that promote new technology and legal and quality labour.

Source: http://englishnews.thaipbs.or.th/mega-projects-worth-50-billion-baht-get-promotion/?utm_source=rss&utm_medium=rss&utm_campaign=mega-projects-worth-50-billion-baht-get-promotion

-- Thai PBS 2014-07-19

What a total, utter waste of money. If there's that much available, how about starting paying down the huge loans/losses for the rice scheme and start getting the house in order?

These big one-time projects pad someone's pockets, and after that run at a loss - all to be siphoned from the real economy. There is no net improvement to the economy, and the government just becomes more of a tax burden which discourages private investment in the real economy.

[northernjohn]

Mega projects worth over 50 billion baht get promotion

BANGKOK: -- The Board of Investment (BOI) has approved 15 new mega-projects worth 51.5 billion baht.

BOI secretary-general Udom Wongviwatchai said the approved applications of the 15 mega-projects Friday, bringing the total number of projects receiving the promotion approval this month to 92.

He said the 92 projects had total value of 258 billion baht, accounting for 35 percent of total investment value of pending applications.

BoI is expected to complete consideration for all the applications by next month.

The BOI’s approval process was delayed for months due to political turmoil in Thailand since late last year.

The secretary-general also said it plans to revise its long-term (seven year) investment promotion strategy to narrow its focus onto investment projects that promote new technology and legal and quality labour.

Source: http://englishnews.thaipbs.or.th/mega-projects-worth-50-billion-baht-get-promotion/?utm_source=rss&utm_medium=rss&utm_campaign=mega-projects-worth-50-billion-baht-get-promotion

-- Thai PBS 2014-07-19

Well if it works out

The secretary-general also said it plans to revise its long-term (seven year) investment promotion strategy to narrow its focus onto investment projects that promote new technology and legal and quality labour.

It will be a vast improvement over any thing Thailand has had so far.

Just imagine it. A major project that makes money and it isn't some thing they had to copy.

[northernjohn]

"Media operations and content are tightly controlled, and the Party largely determines what appears in news reports. Controlling media content allows the Communist Party to disseminate propaganda supportive of government policies, censor controversial news stories, and have reports published criticizing political adversaries, including advocates of religious freedom and democracy, supporters of Taiwanese and Tibetan independence, and representatives of the United States government.

"ideological remolding" or "thought reform", ideological purges, ritual humiliation of ideological opponents, an emphasis on political study to raise levels of awareness of the current line, and targeting high-profile individuals as symbols of negative tendencies which must be eradicated." Taken from Wikipedia 'Propaganda in the People's Republic of China'.

Sounds similar to what is happening in Thailand? Media is controlled, political adversaries are criticised. The US is given a hit over the Teir 3 human trafficking, and humiliation of opponents by way of publishing their financial details?

So the news is now about spending money? Just gets better?

As you seem to know your way in it, and are so busy on the net, can you please help me, it's not on Wiki though, find the origin of the money the founder of the Ku Shun dynasty in Thailand (later called Shinawatra) as a young man paid with for buying an expensive tax farming charge for Chiang Mai, and how and why, as a newcomer, he had enough credibility to be taken seriously about it. I have some ideas about it, but I need confirmation, and when it would come from you, not even the most dyed through Shins' fan will dare to put it in doubt. Thank you very much!

Can't really say but I am pretty sure he married into a lot of money and power. As I say I could be wrong. You might try checking on that side of the family.

[northernjohn]

wind farms? please..... They cost too much to make and will not recover enough energy to pay for themselves and of course you need wind, constant wind.

With all this negativity they seem to keep sprouting up all over the world.

The technology behind them keeps improving. The worm is turning and resource wasters will start to disappear. Bye bye.

[Alwyn]

wind farms? please..... They cost too much to make and will not recover enough energy to pay for themselves and of course you need wind, constant wind.

With all this negativity they seem to keep sprouting up all over the world.

The technology behind them keeps improving. The worm is turning and resource wasters will start to disappear. Bye bye.

Are you just dimwitted or some kind of hippy with no realistic opinions on anything? I suggest you research the costs involved in wind farming. Wind might well be "free" but the build and upkeep/maintenance of wind turbines is far from free Apart from the costs of the turbines there are things to consider, consistency of the wind on a year around basis. Power management techniques (and costs) and excess storage capacity. Then there's the costs of upgrading the grids which will be causal in lower ability to supplement conventional production. What happens on short term wind failures? Wind farms around the World work with subsidization and tax credits from their governments. Wind energy is no doubt green (except the production of the turbines themselves of course) but they are not financially stand alone nor profitable. Bye Bye to you too.

[davehowden]

wind farms? please..... They cost too much to make and will not recover enough energy to pay for themselves and of course you need wind, constant wind.

Site them outside parliament, plenty of hot air coming from there.

Farcical actually. Why bother with wind when the whole country is one big solar panel opportunity.