BoI privilege-seeking investors reach record high in September

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Privilege-seeking investors reach record high in September
By Digital Content



BANGKOK, Oct 13 -- Investors seeking promotional privileges from the Board of Investment (BoI) in September stood at 158 projects with combined value Bt176.3 billion, highest in terms of number of projects and value since the beginning of 2014, according to BoI Secretary-General Udom Wongviwatchai.

Total investment in projects receiving BoI privileges during the first nine months this year reached Bt592 billion baht.

Mr Udom said signs of investment in Thailand have been positive, which could be seen from the sharp increase in the number of projects and value seeking promotional privileges in September.

September's sharp increase was attributed to investors applying for five electricity generation projects using natural gas with combined value of Bt135 billion, he said.

It shows that investors are keen to invest in energy, a BoI industry target and it also shows that investors have regained confidence in the country, said Mr Udom.

If positive investment directions continue, it is projected that value of investment seeking privileges in Thailand this year may exceed the target at Bt700 billion, he added. (MCOT online news)

-- TNA 2014-10-13

[JOC]

All very impressive!! But not a word about foreign investors!! So if it is all Thai companies trying to avoid tax, it suddenly becomes less impressive!!

[IMA_FARANG]

All very impressive!! But not a word about foreign investors!! So if it is all Thai companies trying to avoid tax, it suddenly becomes less impressive!!

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That is true.

However, it was you who brought up the point about Thai versus foreign investors.

The article does not n mention anywhere if these investors were Thai or otherwise.

It was you who made the assumption they were all Thai.

Like the glass that is half empty or half full based on the perspective of who looks at the glass, apparently you want the glass to be half empty.

it could just as easily be half full as half empty.

[BSJ]

"five electricity generation projects using natural gas" Well that could put some pressure on the price of NG for the rest of us who have NGV's.

[rickirs]

"September's sharp increase was attributed to investors applying for five electricity generation projects using natural gas with combined value of Bt135 billion."

This is absolutely going in the wrong direction for national energy sufficiency.

Thailand has since 1999 been a net importer of LNG and needs to diversify to other domestic energy sources. To not only continue its reliance on fuel and energy imports but to increase its reliance will cause Thailand to held hostage to world market fluctuations by events it has no control or influence over. It will destablize the baht and drive up the cost of all imports and domestic manufacturing, leaving Thailand little room for growth in GDP to help reduce its government and household debt.

[rubl]

All very impressive!! But not a word about foreign investors!! So if it is all Thai companies trying to avoid tax, it suddenly becomes less impressive!!

----------------------

That is true.

However, it was you who brought up the point about Thai versus foreign investors.

The article does not n mention anywhere if these investors were Thai or otherwise.

It was you who made the assumption they were all Thai.

Like the glass that is half empty or half full based on the perspective of who looks at the glass, apparently you want the glass to be half empty.

it could just as easily be half full as half empty.

The BoI website somehow manages to convey the suggestion to only deal with foreign companies. Of course those foreign companies could be 'owned' by Amply Rich Thai.

http://www.boi.go.th/index.php?page=what_we_do

[rubl]

"September's sharp increase was attributed to investors applying for five electricity generation projects using natural gas with combined value of Bt135 billion."

This is absolutely going in the wrong direction for national energy sufficiency.

Thailand has since 1999 been a net importer of LNG and needs to diversify to other domestic energy sources. To not only continue its reliance on fuel and energy imports but to increase its reliance will cause Thailand to held hostage to world market fluctuations by events it has no control or influence over. It will destablize the baht and drive up the cost of all imports and domestic manufacturing, leaving Thailand little room for growth in GDP to help reduce its government and household debt.

So, what would your suggestion be? The picture of energy in 2030 already shows an amazing 11% Nuclear Energy.

[Thai at Heart]

"reach record high in September"

For 2014......Bloody disingenuous

[Strangebrew]

With all the Bull sh-t they been spreading should have massive bumper crops this year. Put a spin on that. next