Center Set Up to Hear Complaints from Foreign Investors

[webfact]

Center Set Up to Hear Complaints from Foreign Investors
BY JACOB MASLOW

BANGKOK: -- Prayong Preeyajit, secretary general of the Public Sector Anti-Corruption Commission (PSACC), announced on Tuesday that a new center has been formed with the sole purpose of hearing complaints from current and potential foreign investors.

The center is an effort to boost foreign investment in the country. Foreign investors will also be able to ensure that they’re treated fairly when investing in Thailand.

The Board of Investment (BoI) and the PSACC have come to an agreement to eliminate corruption and improve transparency of state agencies to boost investment in the country. Mr. Prayong states that the complaint center will be a new channel for investors to have their complaints heard and to enhance economic cooperation in Thailand.

Full story: https://ethailand.com/business-news/center-set-hear-complaints-foreign-investors/2810/

-- eThailand 2016-06-08

[BigBadGeordie]

"Foreign investors have logged 23,000 complaints with the PSACC between 2008 and 2015. Just 13,000 complaints have been examined, with 2,000 being investigated and 500 being completed. The new center will help expedite these complaints."

Well they can't do much worse at the new center, or can they?

[EricBerg]

"Foreign investors will also be able to ensure that they’re treated fairly when investing in Thailand."

Complaint: The state steals 51% of the investment.

[chainarong]

The only thing that attracts investment here as against other closer by countries is the reasonably good infrastructure and low wages , Thailand's track record on sovereign risk remains a moot point , after 22 coups there is something not quite correct in the countries management structure, perhaps this problem should be addressed before setting up another complaint centre, for if you eliminated one particular problem from your risk you would be inundated with applications............ .

[kannot]

Diagram for those who cant read how the system works

[shirtless]

It would be a good start, as usual its going to be a wait and see game ,

[NCC1701A]

Thanks for my daily laugh.

[jerico2017]

Some Australian mine gets showed the door, then Uber. Oh hold the phone, if you revisit this thread in 3 years you will see a new similar mine, and similar phone taxi that is run by some hi-so's. Wash rinse repeat.

Reciprocal treatment. Show the door to any Thai businessmen in your home country.

[Strangebrew]

Some how the "WE ARE THAI SOLGAN FITS HERE".

[ratcatcher]

All of us ageing expat folks who have invested money in wives, GFs, homes and families will no doubt get an honorable mention, and a number to call if it all goes pear shaped..

[CantSpell]

Cos a call center always sounds good and it is much cheaper than actually solve the problems

[waldroj]

Foreign investors might be better off with help from PROZAC than PSACC - at least they may not feel as depressed.

[halloween]

Do they intend to resolve complaints, or are they fishing for new scam ideas?

[GeckosDiving]

Foreign Investors will be treated fairly

[Emster23]

Any of the staff speak passable English, Chinese, Russian, etc? Something beyond "No hab"?

[Srikcir]

If you understand Thai Press 1. Please leave a recording of your complaint.

If you don't understand Thai Press 2. Goodbye.

[wabothai]

They better start hiring lots of people.

[phil2407]

Wonder if they will hire foreigners or just Thais - would be interesting to know?

[Winniedapu]

"Foreign investors have logged 23,000 complaints with the PSACC between 2008 and 2015. Just 13,000 complaints have been examined, with 2,000 being investigated and 500 being completed. The new center will help expedite these complaints."

Well they can't do much worse at the new center, or can they?

Among other interpretations, the major one of which is incompetence, this surely demonstrates clearly that foreigners complaining about being ripped off in Thailand are just not taken seriously. Foreigners are fair game, and there is no shortage of Thais who will demonstrate this by thieving from them, a process which is approved of from the very bottom of Thai society to the very top.

I cannot imagine why the world appears not yet to have woken up to these people.

W

Edited June 8, 2016 by Winniedapu

[icare999]

[Mickmouse1]

The Board of Investment (BoI) and the PSACC have come to an agreement to eliminate corruption and improve transparency of state agencies to boost investment in the country.

They together with the MOF must devise a compensation scheme for investors who register their respective investment with the scheme which should levy a contribution like, similar to insurance policy.?

[ballpoint]

All of us ageing expat folks who have invested money in wives, GFs, homes and families will no doubt get an honorable mention, and a number to call if it all goes pear shaped..

Good idea. When your wife goes pear shaped, call the number and a new one will be sent.

[NongKhaiKid]

Will a complaint that you're complaint doesn't appear to going anywhere be met with the usual ' these things take time ' answer ?

Well yes they do, especially when nothing's actualyl being done.

Perhaps they'll hire a certain abbot as a consultant on how to really slow things down.

[bobbymack]

desperately clutching at straws when they know direct foreign investment is massively down. What they don't seem to grasp is that one reason is that they have a junta in power and the rest is because the foreign business act is unfair to foreigners. It is all about taking the lions share for themselves. Simply, if the foreign business act does not change to favour the investors and give them security then the decline in foreign investment will continue, period.

[Redline]

Unless they change these antiquated one sided laws very soon, they will lose even more business to the other ASEAN countries. There is a perfect storm brewing, and everyone is ignoring it. If there is no adaptation to the surrounding world, the world will move on and away.