Number of investment projects seeking promotional privileges records new high
By Digital Content



BANGKOK, Aug 11 -- The Office of the Board of Investment (BoI) reported a new high of this year as a sign of economic recovery, but investment projects seeking promotional privileges in the first seven months so far this year was 30 per cent lower year-on-year.

BOI Secretary-General Udom Wongviwatchai said the number of investment projects seeking BoI promotion was growing in the past three months.

In July alone 147 investment projects were filed seeking promotional privileges, the highest number in seven months. Although their combined value was not high, the growing project number showed that investors' confidence in Thailand was restored, he said.

The BoI secretary-general said in the first seven months of this year 770 investment projects were proposed for BoI promotional privileges. The number dropped by 30 per cent year-on-year.

The lion's share of proposed projects concerned metal products, machines and transport equipment with combined investment of Bt174.1 billion, followed by service and public utility projects, chemical products, paper, plastic products and farm product projects.

Mr Udom said that Japanese operators formed the biggest group of foreign investors in Thailand.

They had 220 investment projects with combined investment of Bt89.91 billion. Investment projects from South Korea, the United States and the European Union are also growing considerably.

South Korean investors proposed 27 projects, Americans 16 projects and Europeans 70 projects. (MCOT online news)

[tna]2014-08-11[/tna]

So the new record is actually a record low .

"Number of investment projects seeking promotional privileges records new high" for this year

 

 

 

I mean honestly, this has to be the most blatent attempt at a lie as a headline yet.  Obviously they are sharing their marketing budget with TAT at the moment.

And then one should consider which investors are concerned. I know a few Dutch investors. From the more decent businessmen/companies over half chose to step back from Thailand, where two individuals I would not want to do business with jumped in with drooling mouths. Reasons for withdrawing were unforeseen rules and high civil servants popping up delaying things unless getting a bundle. Taxes f.i. and the interpretation of the tax laws could be influenced by paying or not paying.

 

The fight against corruption is a huge task. It sometimes seems that all Thais accept the corruption as is. A corrupt official does not lose status or friends because being corrupt. 

Edited August 11, 201411 yr by EricBerg

More Happy Propaganda from the rulers?

I wrote to the BOI for feedback on privileges/tax breaks for an IT investment in Thailand. I used their website - 2 months ago. Nothing. No response at all. I have since decided to channel it through Singapore. I called the Inland Revenue Services in SG, got through to a very helpful lady who answered all my questions precisely and immediately. The BOI needs a kick up the arse. No wonder business is moving elsewhere.

the junta scared away most of the potential investor. The economy is in very bad shap,  the junta have absolutely no idea how to improve it

and they are heading certainly for an economics and social crash!

That why Yingluck is back, she knows at the next election she will reelected easily!

the junta scared away most of the potential investor. The economy is in very bad shap,  the junta have absolutely no idea how to improve it

and they are heading certainly for an economics and social crash!

That why Yingluck is back, she knows at the next election she will reelected easily!

 

 

The beauty of the Thai economy is that it runs itself on virtual auto pilot.  Companies exist and are protected by existing laws. The banks are virtually untouched by competition or new politics from government.  Big Companies exert huge influence with the tax man, customs and the such.  So unless the government is going to come a long and change something massive like allow foreign entry or put up wages, NOTHING changes.

 

It is a matter of wondering what the baht rate is today, and what it will be in a years time along with interest rates that derives what GDP growth will be.  Thats it.  

 

the junta scared away most of the potential investor. The economy is in very bad shap,  the junta have absolutely no idea how to improve it

and they are heading certainly for an economics and social crash!

That why Yingluck is back, she knows at the next election she will reelected easily!

 

 

The beauty of the Thai economy is that it runs itself on virtual auto pilot.  Companies exist and are protected by existing laws. The banks are virtually untouched by competition or new politics from government.  Big Companies exert huge influence with the tax man, customs and the such.  So unless the government is going to come a long and change something massive like allow foreign entry or put up wages, NOTHING changes.

 

It is a matter of wondering what the baht rate is today, and what it will be in a years time along with interest rates that derives what GDP growth will be.  Thats it.  

 

 

yes i agree with you, and i am totally surprised after nearly 8 years of politics mayhem, the investors are still here. Maybe a miracle?

Nah i dont believe in miracle, i am pretty sure this country will follow slowly the same path than Greece or Argentina.
 

 

 

the junta scared away most of the potential investor. The economy is in very bad shap,  the junta have absolutely no idea how to improve it

and they are heading certainly for an economics and social crash!

That why Yingluck is back, she knows at the next election she will reelected easily!

 

 

The beauty of the Thai economy is that it runs itself on virtual auto pilot.  Companies exist and are protected by existing laws. The banks are virtually untouched by competition or new politics from government.  Big Companies exert huge influence with the tax man, customs and the such.  So unless the government is going to come a long and change something massive like allow foreign entry or put up wages, NOTHING changes.

 

It is a matter of wondering what the baht rate is today, and what it will be in a years time along with interest rates that derives what GDP growth will be.  Thats it.  

 

 

yes i agree with you, and i am totally surprised after nearly 8 years of politics mayhem, the investors are still here. Maybe a miracle?

Nah i dont believe in miracle, i am pretty sure this country will follow slowly the same path than Greece or Argentina.
 

 

 

 

Nonsense.  Have you actually looked at the debt to gdp figures?

 

They are very very low.  The government provides virtually nothing to the people.  No long term unemployed with people pulling sickness benefits out of the treasury. 

 

Work or live poor, and even if you do work, don't expect much of a pension at the end. The govt doesn't take much, and it doesn't give much back either.  

 

The economy goes up a bit, the economy goes down a bit, but it is relatively insulated from crisis at the moment because the rese of the world is in worse shape.

 

 

the junta scared away most of the potential investor. The economy is in very bad shap,  the junta have absolutely no idea how to improve it

and they are heading certainly for an economics and social crash!

That why Yingluck is back, she knows at the next election she will reelected easily!

 

The figures went up again the last two months since the Military stepped in. Before it only dropped what with the Yingluck Administration being concerned with an amnesty for Thaksin and themselves and paying real attention to corruption. The government induced anti protests didn't help either.

 

The only ones looking forward to an economical and social crash seem those who don't appreciate Thailand moving up, cleaning up.

 

IMHO of course

A post containing overly derogatory comments toward Thailand has been removed.

 

 

 

the junta scared away most of the potential investor. The economy is in very bad shap,  the junta have absolutely no idea how to improve it

and they are heading certainly for an economics and social crash!

That why Yingluck is back, she knows at the next election she will reelected easily!

 

 

The beauty of the Thai economy is that it runs itself on virtual auto pilot.  Companies exist and are protected by existing laws. The banks are virtually untouched by competition or new politics from government.  Big Companies exert huge influence with the tax man, customs and the such.  So unless the government is going to come a long and change something massive like allow foreign entry or put up wages, NOTHING changes.

 

It is a matter of wondering what the baht rate is today, and what it will be in a years time along with interest rates that derives what GDP growth will be.  Thats it.  

 

 

yes i agree with you, and i am totally surprised after nearly 8 years of politics mayhem, the investors are still here. Maybe a miracle?

Nah i dont believe in miracle, i am pretty sure this country will follow slowly the same path than Greece or Argentina.
 

 

 

 

Nonsense.  Have you actually looked at the debt to gdp figures?

 

They are very very low.  The government provides virtually nothing to the people.  No long term unemployed with people pulling sickness benefits out of the treasury. 

 

Work or live poor, and even if you do work, don't expect much of a pension at the end. The govt doesn't take much, and it doesn't give much back either.  

 

The economy goes up a bit, the economy goes down a bit, but it is relatively insulated from crisis at the moment because the rese of the world is in worse shape.

 

 

 

 

^^well i am the one who did make "overly derogatory comments toward Thailand" lol

 

 

"the economy goes down a bit,"

well dont forget 1997, the economy take a huge dive... i will not comment further as i dont want extended holiday

 

 

 

 

 

^^well i am the one who did make "overly derogatory comments toward Thailand" lol

 

 

"the economy goes down a bit,"

well dont forget 1997, the economy take a huge dive... i will not comment further as i dont want extended holiday

 

 

 

Well, I remember 97 very well, and the conditions are completely different.