52 foreign firms allowed to invest in Thailand in September

[webfact]

52 foreign firms allowed to invest in September
By Digital Content



BANGKOK, Sept 19 -- A total of 52 foreign firms with a combined investment of about Bt44 billion have been allowed to invest in Thailand in September, said Pongpun Gearaviriyapun, director general of the Business Development Department.

Miss Pongpun said the green light given to the 52 foreign firms to operate in Thailand and employ 20,820 Thais was made at a meeting Wednesday of the Foreign Business Committee.

The 52 firms include 35 enterprises with a combined investment of some Bt43.3 billion to operate in monetary and services sectors followed by six firms with a combined investment of Bt522 million in brokerage businesses.

Ms Pongpun said the number of foreign firms allowed to operate in Thailand in September increased 44 per cent while investment increased by Bt42.69 billion from August.

During the first nine months this year, a total of 313 foreign firms with combined investment of some Bt58 billion were allowed to set up businesses in the kingdom, up 11 per cent in terms of numbers and Bt44 billion in investment compared to the corresponding period of 2013. (MCOT online news)


-- TNA 2014-09-19

[Nickymaster]

During the first nine months this year, a total of 313 foreign firms with combined investment of some Bt58 billion were allowed to set up businesses in the kingdom, up 11 per cent in terms of numbers and Bt44 billion in investment compared to the corresponding period of 2013. (MCOT online news)

Nooooo. Must be propaganda. Nobody supports the junta and their dictator.

Edited September 19, 2014 by Nickymaster

[HiSoLowSoNoSo]

And how many foreign firms were not allowed to invest?

[Snig27]

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

During the first nine months this year, a total of 313 foreign firms with combined investment of some Bt58 billion were allowed to set up businesses in the kingdom, up 11 per cent in terms of numbers and Bt44 billion in investment compared to the corresponding period of 2013. (MCOT online news)

Nooooo. Must be propaganda. Nobody supports the junta and their dictator. alt=rolleyes.gif>

The Chinese are investing all over the world increasingly which is what is partially driving this, and closer to home - as noted by Japanese media - there is an expectation that wages will be kept lower and workers will have less of a voice under this new regime. None of those pesky rights issues. That makes Thailand more attractive to multinationals.

[NongKhaiKid]

' Allowed to invest ', truly the chosen people.

Will they be told to bring the money but don't think they have any say in how it will be used and remember if you have a meeting with your Thai associates make sure you have a work permit and only meet at the address stated on your permit ?

AEC here we come.

[SiggiCM]

senseless

52 foreign firms to operate in Thailand and employ 20,820 Thais

so every company employs 400 Thais? what a dream, may be 20 or 40 but never 400

[Eric Loh]

During the first nine months this year, a total of 313 foreign firms with combined investment of some Bt58 billion were allowed to set up businesses in the kingdom, up 11 per cent in terms of numbers and Bt44 billion in investment compared to the corresponding period of 2013. (MCOT online news)

Nooooo. Must be propaganda. Nobody supports the junta and their dictator.

Before we all break out into harmony and sing kumbaya for the junta, these investment were applied way back before the coup and awaiting approval. It stalled during the the PDRC time and only now approved for investments.

[Nickymaster]

During the first nine months this year, a total of 313 foreign firms with combined investment of some Bt58 billion were allowed to set up businesses in the kingdom, up 11 per cent in terms of numbers and Bt44 billion in investment compared to the corresponding period of 2013. (MCOT online news)

Nooooo. Must be propaganda. Nobody supports the junta and their dictator.

Before we all break out into harmony and sing kumbaya for the junta, these investment were applied way back before the coup and awaiting approval. It stalled during the the PDRC time and only now approved for investments.

Companies could have withdrawn their applications but they didn't. So they must have confidence in the junta.

[Nickymaster]

During the first nine months this year, a total of 313 foreign firms with combined investment of some Bt58 billion were allowed to set up businesses in the kingdom, up 11 per cent in terms of numbers and Bt44 billion in investment compared to the corresponding period of 2013. (MCOT online news)

Nooooo. Must be propaganda. Nobody supports the junta and their dictator. alt=rolleyes.gif>

The Chinese are investing all over the world increasingly which is what is partially driving this, and closer to home - as noted by Japanese media - there is an expectation that wages will be kept lower and workers will have less of a voice under this new regime. None of those pesky rights issues. That makes Thailand more attractive to multinationals.

Propaganda.

[ezzra]

I hope that non of those companies are labor intensive ventures, or they better learn to speak Khmer

and Burmese fast, coz these are the workers that men most of the position in Thailand now days...

[Obb]

CHINESE firms by chance?

Anyone else noticed the law and regulation changes recently are favoring CHINESE?

[belg]

20.000+ jobs

how many for highly educated thais ?

or 20.000 labour jobs in assembly factories

[WhizBang]

'Allowed'.... That pretty much says it all.

[Strangebrew]

Noticed customary bribe taken off the top. 20,000 plus jobs really in monetary business Russians setting thailand huge boiler?

[Rimbuman]

'Allowed'.... That pretty much says it all.

Generous, isn't it?

[ggt]

Thank you sooo much Thailand...for giving us international firms permission to operate in your country...employing tens of thousands of your people...elevating their standard of living...and investing billions of dollars...you are entirely too kind...

Now everyone in unison...wai...wai...wai...

[bangon04]

'Allowed'.... That pretty much says it all.

Generous, isn't it?

well let's look on the bright side - it seems that some influential Thais are reaching the difficult conclusion that increased foreign investment = increased foreign money and increased employment..

[rubl]

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

During the first nine months this year, a total of 313 foreign firms with combined investment of some Bt58 billion were allowed to set up businesses in the kingdom, up 11 per cent in terms of numbers and Bt44 billion in investment compared to the corresponding period of 2013. (MCOT online news)

Nooooo. Must be propaganda. Nobody supports the junta and their dictator. alt=rolleyes.gif>

The Chinese are investing all over the world increasingly which is what is partially driving this, and closer to home - as noted by Japanese media - there is an expectation that wages will be kept lower and workers will have less of a voice under this new regime. None of those pesky rights issues. That makes Thailand more attractive to multinationals.

Can't be true!

According to my friend Eric who's very knowledgeble on all things done by the previous government we have

"Before we all break out into harmony and sing kumbaya for the junta, these investment were applied way back before the coup and awaiting approval. It stalled during the the PDRC time and only now approved for investments. "

http://www.thaivisa.com/forum/topic/761719-52-foreign-firms-allowed-to-invest-in-thailand-in-september/#entry8408666

[dBrown]

BANGKOK, Sept 19 -- A total of 52 foreign firms with a combined investment of about Bt44 billion have been allowed to invest in Thailand in September, said Pongpun Gearaviriyapun, director general of the Business Development Department.

The 52 firms include 35 enterprises with a combined investment of some Bt43.3 billion

Trying to make it sound interesting aren't we ?

Posted 2014-09-08 17:47:23

VW to invest 1 billion euros in Thai plant

Reuters

THAILAND: -- Volkswagen plans to invest 1 billion euros (RM4 billion) to build a new manufacturing plant to produce fuel efficient cars in Thailand, a German magazine said on Saturday.

So actually there is 1 (one) company that will invest 41 Billion Baht, while the other 51 companies all together invest 3 billion, but it sounds so much better if we give the impression that 35 companies invest each more than 1 billion, isn't it .

Edited September 19, 2014 by dBrown

[rubl]

BANGKOK, Sept 19 -- A total of 52 foreign firms with a combined investment of about Bt44 billion have been allowed to invest in Thailand in September, said Pongpun Gearaviriyapun, director general of the Business Development Department.

The 52 firms include 35 enterprises with a combined investment of some Bt43.3 billion

Trying to make it sound interesting aren't we ?

Posted 2014-09-08 17:47:23

VW to invest 1 billion euros in Thai plant

Reuters

THAILAND: -- Volkswagen plans to invest 1 billion euros (RM4 billion) to build a new manufacturing plant to produce fuel efficient cars in Thailand, a German magazine said on Saturday.

So actually there is 1 (one) company that will invest 41 Billion Baht, while the other 51 companies all together invest 3 billion, but it sounds so much better if we give the impression that 35 companies invest each more than 1 billion, isn't it .

It would seem both are true, doesn't it?

Now to get answered which companies investment might be more profitable to Thailand and it's people. That may be a too tough question to get a quick answer on.

[dBrown]

BANGKOK, Sept 19 -- A total of 52 foreign firms with a combined investment of about Bt44 billion have been allowed to invest in Thailand in September, said Pongpun Gearaviriyapun, director general of the Business Development Department.

The 52 firms include 35 enterprises with a combined investment of some Bt43.3 billion

Trying to make it sound interesting aren't we ?

Posted 2014-09-08 17:47:23

VW to invest 1 billion euros in Thai plant

Reuters

THAILAND: -- Volkswagen plans to invest 1 billion euros (RM4 billion) to build a new manufacturing plant to produce fuel efficient cars in Thailand, a German magazine said on Saturday.

So actually there is 1 (one) company that will invest 41 Billion Baht, while the other 51 companies all together invest 3 billion, but it sounds so much better if we give the impression that 35 companies invest each more than 1 billion, isn't it .

It would seem both are true, doesn't it?

Now to get answered which companies investment might be more profitable to Thailand and it's people. That may be a too tough question to get a quick answer on.

I don't consider that a though question, all you have to do is look at car manufacturers in other countries ( for example Belgium), where they have for years raved in the tax rebates and other subsidies from the government with false promises, only to shut the doors anyway when the money stream stops.

In the Volkswagen article was already made clear that the only reason the set up shop here is because of the tax breaks.

[Nickymaster]

BANGKOK, Sept 19 -- A total of 52 foreign firms with a combined investment of about Bt44 billion have been allowed to invest in Thailand in September, said Pongpun Gearaviriyapun, director general of the Business Development Department.

The 52 firms include 35 enterprises with a combined investment of some Bt43.3 billion

Trying to make it sound interesting aren't we ?

Posted 2014-09-08 17:47:23

VW to invest 1 billion euros in Thai plant

Reuters

THAILAND: -- Volkswagen plans to invest 1 billion euros (RM4 billion) to build a new manufacturing plant to produce fuel efficient cars in Thailand, a German magazine said on Saturday.

So actually there is 1 (one) company that will invest 41 Billion Baht, while the other 51 companies all together invest 3 billion, but it sounds so much better if we give the impression that 35 companies invest each more than 1 billion, isn't it .

What sector would Volkswagen fall into? Monetary, service, or brokerage?

[Nickymaster]

1 company contributes 93% of total investment for the month. Total investment increased 11% compared to last year. Doesn't make sense. Very curious to see the breakdown of last year. There must have been a very large investment by one company too. One would expect a month where a company invests a billion Euros to be much higher compared to the same month the previous year.

51 companies investing around 3 billion surely must be the norm then, not the exception?

Maybe Volkswagen's investment falls under another Month? Or the government group and approves the companies in such way that the investment amounts are fairly equal each month?

[Tokay]

Hopefully, they feel privileged to be able to spend their money here.

[surangw]

allowed to invest, is it a privilege? , or more likely they were wooed (begged to invest )

[dBrown]

1 company contributes 93% of total investment for the month. Total investment increased 11% compared to last year. Doesn't make sense. Very curious to see the breakdown of last year. There must have been a very large investment by one company too. One would expect a month where a company invests a billion Euros to be much higher compared to the same month the previous year.

51 companies investing around 3 billion surely must be the norm then, not the exception?

Maybe Volkswagen's investment falls under another Month? Or the government group and approves the companies in such way that the investment amounts are fairly equal each month?

Since you are so good in maths, and promoting this government, you must have noticed that the other 261 companies that started during the first 8 months of this year invested only a combined 14 Billion Baht, or less than 30% of what the 35 start ups of September invest.

Maybe it's just another announcement taken out of thin air.

[rubl]

1 company contributes 93% of total investment for the month. Total investment increased 11% compared to last year. Doesn't make sense. Very curious to see the breakdown of last year. There must have been a very large investment by one company too. One would expect a month where a company invests a billion Euros to be much higher compared to the same month the previous year.

51 companies investing around 3 billion surely must be the norm then, not the exception?

Maybe Volkswagen's investment falls under another Month? Or the government group and approves the companies in such way that the investment amounts are fairly equal each month?

Since you are so good in maths, and promoting this government, you must have noticed that the other 261 companies that started during the first 8 months of this year invested only a combined 14 Billion Baht, or less than 30% of what the 35 start ups of September invest.

Maybe it's just another announcement taken out of thin air.

Nah, not out of thin air.

As my friend Eric so clearly indicated, the processing of BOI requests takes a wee bit of time. I'm not even sure the seven months 'unrest' caused much delay. Certainly the 'shutdown' of the Yingluck government shouldn't have much effect on how much 'dedicated' government officials work unless their offices were besieged.

The interesting part is in BOI approved investments with BOI tending to stress amounts rather than real effects or even longer term effects. Somewhat shortsighted lot one might be induced to say. IMHo that is.

Edited September 19, 2014 by rubl

[Nickymaster]

1 company contributes 93% of total investment for the month. Total investment increased 11% compared to last year. Doesn't make sense. Very curious to see the breakdown of last year. There must have been a very large investment by one company too. One would expect a month where a company invests a billion Euros to be much higher compared to the same month the previous year.

51 companies investing around 3 billion surely must be the norm then, not the exception?

Maybe Volkswagen's investment falls under another Month? Or the government group and approves the companies in such way that the investment amounts are fairly equal each month?

Since you are so good in maths, and promoting this government, you must have noticed that the other 261 companies that started during the first 8 months of this year invested only a combined 14 Billion Baht, or less than 30% of what the 35 start ups of September invest.

Maybe it's just another announcement taken out of thin air.

Thanks for the clarification. Got mixed up with 9 and 1 month. Edited September 19, 2014 by Nickymaster

[wabothai]

Amazing.....

[Tokay]

Everyone be sure to wai the bar tender when you leave the bar.