Jump to content
BANGKOK
webfact

Risks of doing business in Thailand published by WEF

Recommended Posts

Listen, listen! Is there really still someone who believes in a good investment in Thailand?

Share this post


Link to post
Share on other sites

So after years of junta bringing happiness to the people, we still have profound social instability? The most unequal place on earth.

Share this post


Link to post
Share on other sites
20 hours ago, webfact said:

For Thailand, the top five risks are: 1. Asset bubble, 2. Failure of national governance, 3. Cyberattacks, 4. Manmade environmental catastrophes and 5. Profound social instability.

You really can't separate #2 from #5.

https://www.nationthailand.com/business/30376120  

  • "Many of our leaders now accept that inequality is a problem. They give speeches and write manifestoes promising to do something about it. They ask economists like me to give them advice, and I do so. But nothing much happens.”  
  • "Thailand needs to have the continuity in the administrations run by the democratically elected governments to solve the inequality on a non-interrupted basis.”  
20 hours ago, webfact said:

Unemployment

The EEC lacks 30,000+ skilled workers, SME's being seriously impacted by loss of exports, agricultural sector having 40% of employed laborers suffering economic losses, the number of unemployed university graduates will reach 500,000 circa 2020 Summer, government stimulus unlikely to reach communities, more emphasis on automation and e-commerce supplanting the workforce, etc.

I don't see how unemployment factor is not a major risk for Thailand.

Share this post


Link to post
Share on other sites
17 hours ago, Tayaout said:

51% 🕵️‍♀️. (and 4 full time thai employee).

As a lot of people think they have effective control of the 51% the calculation is more likely

49% + 51% = 100% loss.😀

Share this post


Link to post
Share on other sites
5 hours ago, Srikcir said:

You really can't separate #2 from #5.

https://www.nationthailand.com/business/30376120  

  • "Many of our leaders now accept that inequality is a problem. They give speeches and write manifestoes promising to do something about it. They ask economists like me to give them advice, and I do so. But nothing much happens.”  
  • "Thailand needs to have the continuity in the administrations run by the democratically elected governments to solve the inequality on a non-interrupted basis.”  

The EEC lacks 30,000+ skilled workers, SME's being seriously impacted by loss of exports, agricultural sector having 40% of employed laborers suffering economic losses, the number of unemployed university graduates will reach 500,000 circa 2020 Summer, government stimulus unlikely to reach communities, more emphasis on automation and e-commerce supplanting the workforce, etc.

I don't see how unemployment factor is not a major risk for Thailand.

If the EEC is lacking 30,000+ skilled workers then the university students are taking the wrong subjects which goes to prove university is almost worthless they need better trade schools

  • Like 1

Share this post


Link to post
Share on other sites

Corruption is perhaps included in the "Failure of national governance"?

Share this post


Link to post
Share on other sites
On 11/15/2019 at 2:32 PM, webfact said:

promote a proactive strategy

😂😂😂😂 

Share this post


Link to post
Share on other sites

If you want to do business in Thailand with a profit, open a stall and sell street food. Cash only and forget the tax. 😁

Edited by balo

Share this post


Link to post
Share on other sites
On 11/15/2019 at 3:39 PM, lujanit said:

In Thailand there is a sixth concern. Massive corruption at all levels of government.

stop slurring the "good"  name of the finest land in the world😂

Share this post


Link to post
Share on other sites
On 11/15/2019 at 3:46 PM, Enoon said:

 

Biggest problem, for a country that thinks it's going to get out of the "middle income trap", is:

 

Innovation Capability (100 = top score):

 

Germany, 87, Ranked 1st

USA, 85, Ranked 2nd

Taiwan, 80, Ranked 4th

Thailand, 44, Ranked 50th

 

http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf

 

 

middle income trap ?

 

where most people don't finish high school

 

and MOST all act like farmers with no manners, rich or poor alike

Share this post


Link to post
Share on other sites

Its somewhat funny to read all this kind of findings. Not too long ago it was Thailand is one of the easiest places to do business. Not the best for business but ranked very well, to now this report which paints bleak picture of how hard it is to do business in Thailand.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...