Thai Cabinet approves law amendment attracting investment

[webfact]

Cabinet approves law amendment attracting investment

BANGKOK, 1 June 2016 (NNT) – The Cabinet has approved a proposal from the Ministry of Finance to amend some laws related to securities investment in order to increase investor confidence, says spokesman.

The Government Spokesman Maj Gen Sansern Kaewkamnerd today revealed the outcome of the Cabinet’s meeting that the Cabinet has approved the proposal of law amendment from the Ministry of Finance on measures related to property investment.

The subject of amendment according to this proposal is the Securities and Exchange Act with the aim to ensure transparency in the capital market by making all stockholder information disclosable, which will benefit the verification process in criminal cases.

The amended law will also cover the prosecution procedures in civil cases in addition to criminal cases to increase investor confidence.

The government spokesman further said the meeting also approved the proposal to amend investment related laws in order to stimulate investment from the private sector.


-- NNT 2016-06-01

[Chang_paarp]

Are the folk promoting this new liberalizing of investment law include in the information package all the "rights" the government has in the computer crimes act including access to passwords and emails? I wonder if that information will improve international investment?

[Tatsujin]

Are the folk promoting this new liberalizing of investment law include in the information package all the "rights" the government has in the computer crimes act including access to passwords and emails? I wonder if that information will improve international investment?

Most Thai's don't even know about that new "law", and savvy investors will most likely be going to Vietnam now.

[Winniedapu]

Deck chairs, Titanic...

It's enough to make you cry...

Or laugh.

Winnie

[chainarong]

Thailand need not gloss over the main problem of attracting investment , until your sovereign risk factor has disappeared , then all the rest will follow, under a company risk assessment and that word consequences , it would be better and more stable to invest elsewhere at this juncture , until then you are just window dressing or as they say, pissing into the wind.......................................

[Reigntax]

Thailand need not gloss over the main problem of attracting investment , until your sovereign risk factor has disappeared , then all the rest will follow, under a company risk assessment and that word consequences , it would be better and more stable to invest elsewhere at this juncture , until then you are just window dressing or as they say, pissing into the wind.......................................

The governments decision to shut down mining operations a few weeks ago has just about put an end to any foreign investment for the next 10 years. Why would any major company invest, borrow to build infrastructure and take the risk of an out of touch, self appointed baboon, just ignoring the agreements that were in place and unable to claim damages due to a self imposed amnesty for any actions or decisions he makes.

[shirtless]

You would be off your head to invest real money in Thailand , current government cannot be trusted , i see to much nationalism and not enough rationalism.

[Brer Fox]

Are the folk promoting this new liberalizing of investment law include in the information package all the "rights" the government has in the computer crimes act including access to passwords and emails? I wonder if that information will improve international investment?

Most Thai's don't even know about that new "law", and savvy investors will most likely be going to Vietnam now.

Savvy investors have not been interested in Thailand for a number of years. They have already moved to countries like Cambodia, Myanmar and Vietnam. The Thais can change as many investment rules as they like but foreign investors have long gone.

Even local investors are not risking their money because of political unrest. The Thai Chamber of Commerce have even express their concerns over the declining economy. The economic future for Thailand looks grim.

Just last week BoT Governor Weerathai Santipraphop stated that he was not surprised by reports Thai exports were down 8% in April as there were many negative factors in that month, such as the long holiday and the shifting oil price. He said slowdowns in the auto sector were due to a shift to new production and a dip in the gold price was only temporary. He said from May onward, average export growth would likely stay around -2%.

The all have their excuses ready. But in an unbelievable expression of great optimism the BoT Governor says that export growth would stay at -2%. Only in Thailand does something grow economically when it is has a minus status.

[chainarong]

Thailand need not gloss over the main problem of attracting investment , until your sovereign risk factor has disappeared , then all the rest will follow, under a company risk assessment and that word consequences , it would be better and more stable to invest elsewhere at this juncture , until then you are just window dressing or as they say, pissing into the wind.......................................

The governments decision to shut down mining operations a few weeks ago has just about put an end to any foreign investment for the next 10 years. Why would any major company invest, borrow to build infrastructure and take the risk of an out of touch, self appointed baboon, just ignoring the agreements that were in place and unable to claim damages due to a self imposed amnesty for any actions or decisions he makes.

You are correct, one of my areas of employment is mining, and as stated last month , not one person has been sick, not one has been admitted to hospital and I'll bet you London to a brick that within a week of closing Phichit gold mine , those protesting will be in the pit searching for gold, and I believe all mining exploration has to cease also by end of the year, according to the Sydney morning herald..

[Winniedapu]

Thailand need not gloss over the main problem of attracting investment , until your sovereign risk factor has disappeared , then all the rest will follow, under a company risk assessment and that word consequences , it would be better and more stable to invest elsewhere at this juncture , until then you are just window dressing or as they say, pissing into the wind.......................................

The governments decision to shut down mining operations a few weeks ago has just about put an end to any foreign investment for the next 10 years. Why would any major company invest, borrow to build infrastructure and take the risk of an out of touch, self appointed baboon, just ignoring the agreements that were in place and unable to claim damages due to a self imposed amnesty for any actions or decisions he makes.

Serious question because I doubt that government stats on FDI are very serious at all...

Do you really see investment from overseas going down the gurgle? Has this process begun? What would you expect in this respect for the coming 12 months?

I wish I knew more about economics. but the focus of my learning life has been elsewhere.

Winnie

[Balance]

I think the Thai government is a day late and a dollar short. I also think that investors are very tired of waiting around for some sense of reality to appear in Bangkok. I think that the large investors and their money have already moved to Burma, Vietnam and other countries.

One of the problems with military junta's is that those in charge have been living in a cocoon their entire professional careers. Civil society does not match up with day to day military reality, and this causes a huge amount of cognitive disconnection and confusion that is manifested as colossal incompetence. Add to this sociological problem the overriding prime directive to protect the oligarchy and ....

[toybits]

Thanks, But No Thanks!