Published : September 22, 2010 :: 13:09:13 [ 1,190 views ]

BoI Moves to Restore Investor Confidence in Thailand


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Thailand Board of Investment (BoI) has made a quick move to restore foreign investors’ confidence in Thailand and further promote foreign investment through both short and long-term measures, according to analysts.

Thailand, the 21st of September 2010: Emphasis is being placed on working closely with potential investors to listen to their needs and concerns.

Dr. Atchaka Sibunruang, BoI Secretary General, noted that businesses have resumed normal operations since the political rally ended. “Thailand has strong economic fundamentals keeping it on track for continued growth. All economic indicators are positive and point to excellent long-term investment potential,” she said.

Dr. Sibunruang reported that Thailand’s GDP in the first three months this year expanded by 12 per cent, the highest record in 15 years while exports in the first quarter grew by 32 per cent.

The number of investment applications submitted to the BoI during the first 4 months of this year grew by 53.5 per cent to 413 projects with a combined investment value of Bt135.8 billion. Foreign direct investment (FDI) also expanded by over 140 per cent year-on-year to Bt53 billion, compared to Bt22 billion in 2009.

“These are solid trends that bode well for the success of the government’s second economic stimulus package, which includes investment in various mega infrastructure projects as well as aims to position Thailand as the connectivity hub for ASEAN. The BoI is moving confidently and quickly to invigorate the investment climate to fuel overall economic expansion,” said Dr. Sibunruang.

The BoI is also looking into providing short-term assistance and working closely with

investors to listen to their needs and concerns. Dr Sibunruang has reaffirmed the BoI’s commitment to maintaining supportive investment policies and assisting investors in doing and expanding business in Thailand.

To further enhance Thailand’s competitiveness, the BoI will introduce a series of new policy measures aimed at promoting investment for sustainable development and emphasizing Thailand’s core strengths.

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Type : Thailand News
Story : John Weston
Photo : Internet

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Fred
said :
Who would want to invest in the most openly racist country in the world?
Email : skeptic@yahoo.com Date : 2010-09-23 07:57:57
Rob Valence
said :
Fact is, Malaysia, Singapore, even Cambodia etc. have much fairer and better conditions for foreigners to make business, especially to start small businesses.

To do that in Thailand, you have to face a buckload of obstacles like having to undergo a complicated visa and work permit process, you are forced to employ and pay insurance for useless Thai staff (even if you don't need any because YOU yourself are the only person who is working), then there are the problems buying land (office space) etc. etc.

Thailand is extremely xenophobic and protectionist and as long as that (and these potentially business-damaging regulations) don't change, I would strongly advise everyone to NOT make business in Thailand, rather enjoy a holiday and then LEAVE for greener and more inviting pastures.
Email : rob-valence-rv1@googlemail.com Date : 2010-09-22 13:37:34

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