Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II

[webfact]

Japanese investors believe Thai economy will improve later this year

BANGKOK, 29 July 2015 (NNT)-Japanese businessmen in Thailand said they believed the Thai economy would improve in the latter half of this year due to the government’s economic stimulus and acceleration of disbursement by government units.

Japan External Trade Organization (JETRO) President and Chief Representative for ASEAN and South East Asia Masayasu Hosumi has revealed in a recent interview that the overall performance of Japanese businesses was not doing well during the first 6 months of this year.

Mr. Hosumi added that the performance declined by 4% when compared to the second half of last year due to declining spending of the Thai public. However, he believed that the situation would pick up later this year.

He expected a business growth of as much as 20% as a result of higher confidence in the Thai government’s stimulus measures. Car exports are also expected to do better in the second half after an export figure for June showed a negative growth as old models were being replaced.

JETRO is urging the Thai government to quickly implement economic stimulus measures, improve basic infrastructure in Bangkok and its vicinity and remove certain restrictions to allow migrants to start a business as well as maintain the Thai currency’s stability.


-- NNT 2015-07-29

[bangkokfrog]

"...remove certain restrictions to allow migrants to start a business..."

Actually, a migrant with money can start (almost) any business he or she wants. The only problem is most of them aren't allowed to officially own more than 49% of it!

[masquerade]

One word - Crap!

[quandow]

Another article that, when sprinkled on your garden, helps the plants grow better.

[SOTIRIOS]

.....I would like to see the transcripts of the interview......

...I cannot see how they can print the headline....and the article......when they omit direct quotes......

[wabothai]

Japanese businessmen stand in line to only own 49% of their money.

[chainarong]

Thailand must have still some pull , Mitsubishi are shutting down their US vehicle manufacturing and are at present constructing a new one in Thailand and also buying ford's factory in the Philippines , so something must still be attracting them , probably the low wages, it off sets the 49% ownership.

[Buster4488]

You don't actually think the 49% rule applies to people like Fords and Mitsubishi the same as it does us normal people.

The Government are begging them to come here and offer them all sorts of incentives, in return they just have to employee a few high ranking Thai's near the top of the company so that they look good.

[MaxLee]

"Japanese investors believe Thai economy will improve later this year"

Only self interest motives....

[naboo]

My brother-in-law was today one of 200 workers released by a Japanese company in Lamphun. Remember there's no safety net in Thailand, job gone, how to feed yourself now?

Crime rates are going to sore, its not like there's any farming to go back to with this drought.

[Srikcir]

"JETRO is urging the Thai government to quickly implement economic stimulus measures"

Not going to happen in 2015.

The lack of any significant government stimulus has been one of the major failures of Prayut's administration despite the business sector's DEMAND for it. Prayut has instead made increased tourism as the only means to increase GDP growth for 2015.

- "the country’s economy was in fact affected by the lackluster global economy caused by the dramatic oil price drop. Hence, there is no need for the government to issue an economic stimulus package to solve uncontrollable factors." Deputy PM for economy M.R. Pridiyathorn Devakula (2015-05-06)

-"the government will not be implementing a second round of economic stimulus package in light of indications that previous budgetary injections have made a significant impact on the country’s economy." Deputy Prime Minister M.R. Pridiyathorn Devakula (2015-02-07)