52 foreign firms allowed to invest in Thailand in September

[Thai at Heart]

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?

I would doubt that the license application for a factory comes a few days after the announcement of an investment. The official application for the factory might be done way off in the future.

[whybother]

CHINESE firms by chance?

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

No. Didn't notice. What law and regulation changes are these?

[Don Aleman]

NASDROVIA !

[jamiesilver]

Before we all jump to conclusions

how about providing a list of those 52 companies?
We can see what FOREIGN really constitutes then.

[poweratradio]

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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.

READ the article again and note that it is all paper companies related to money and the brokerage of it. How this relates to so many thousands of Thai jobs is clueless reporting.

[dBrown]

<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.

READ the article again and note that it is all paper companies related to money and the brokerage of it. How this relates to so many thousands of Thai jobs is clueless reporting.

At last one who read the OP, as it are all paper companies which invest peanuts, and only take their profits out of the country. The many thousands of jobs will be created for the majority by a single German company, who will be richly subsidized for every worker they sign up.

Edited September 20, 2014 by dBrown

[hughben]

I've always wondered how the multinationals set up in Thailand, or say the fashion houses, what with the 51% Thai/49% non Thai.

Could someone enlighten me, or is it the same group of families with the 51%?