webfact Posted December 5, 2019 Share Posted December 5, 2019 Foreign investment in Thailand grows 106% BANGKOK (NNT) - Despite a drop in approved foreign companies able to undertake business in Thailand by 23 percent compared to last year, the number of foreign companies investing in Thailand from January to November this year has reached 22.153 billion baht (22,153,000,000), showing a 106 percent growth rate. The Department of Business Developmen’s Deputy Director General, Poonpong Naiyanapakorn, said the doubling in the number of such foreign investors, was a result of the activities of high investment businesses such as metro projects management, installation and testing services for natural resource exploration, and petroleum extraction. 1,165 foreign investment projects have been processed via the Board of Investment (BOI) over the first nine months of this year, worth 314.13 billion baht (314,130,000,000), which is an 11 percent increase year-on-year. Companies that have received investment promotion from the BOI are exempted from having to process a business operations permit according to the Foreign Business Act. The Department of Business Development is now working to streamline regulations and facilitate the applications of investors who have filed for investment promotion with the BOI. Currently, foreign businesses which have received business promotion are still required to apply for foreign business certification within 30 days. The department will be proposing an information sharing scheme which will allow foreign companies to pay fees on the e-Payment system, which will reduce the time required for a foreign business certification application process to only one day. -- © Copyright NNT 2019-12-06 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
PatOngo Posted December 5, 2019 Share Posted December 5, 2019 55 minutes ago, webfact said: BANGKOK (NNT) - Despite a drop in approved foreign companies able to undertake business in Thailand by 23 percent compared to last year, the number of foreign companies investing in Thailand from January to November this year has reached 22.153 billion baht (22,153,000,000), showing a 106 percent growth rate. Despite turning 65 this year, I am looking forward to my 25th birthday next year! Confused? I hope they get some solace from the BS they sprout! Link to comment Share on other sites More sharing options...
saengd Posted December 5, 2019 Share Posted December 5, 2019 32 minutes ago, PatOngo said: Despite turning 65 this year, I am looking forward to my 25th birthday next year! Confused? I hope they get some solace from the BS they sprout! Why is it BS, please? Link to comment Share on other sites More sharing options...
Fex Bluse Posted December 5, 2019 Share Posted December 5, 2019 2 hours ago, webfact said: -- © Copyright NNT 2019-12-06 Follow Thaivisa on LINE for breaking Thailand news and visa info When I see the above image, I immediately know it's government propaganda. Link to comment Share on other sites More sharing options...
saengd Posted December 5, 2019 Share Posted December 5, 2019 I'd still like to know why what's being said can't be true. Link to comment Share on other sites More sharing options...
rkidlad Posted December 5, 2019 Share Posted December 5, 2019 Yes, come and invest in a country where things can be voted for in parliament, and if the coalition don’t like the outcome, they cheat and change it. What could possibly go wrong investing in a business model like this? Link to comment Share on other sites More sharing options...
upena Posted December 6, 2019 Share Posted December 6, 2019 Sounds like TAT. Even though tourists from China, America, and Europe are down, overall tourist arrivals to Thailand are up spending 20% more than last year. Link to comment Share on other sites More sharing options...
FritsSikkink Posted December 6, 2019 Share Posted December 6, 2019 2 hours ago, PatOngo said: Despite turning 65 this year, I am looking forward to my 25th birthday next year! Confused? I hope they get some solace from the BS they sprout! Less companies but more money per company, too difficult too understand? Link to comment Share on other sites More sharing options...
mikebell Posted December 6, 2019 Share Posted December 6, 2019 Do these figures include the number of farangs starting up a scam company to 'own' their own house? Link to comment Share on other sites More sharing options...
saengd Posted December 6, 2019 Share Posted December 6, 2019 1 minute ago, mikebell said: Do these figures include the number of farangs starting up a scam company to 'own' their own house? Funny but no, these are solely BOI approved projects. Link to comment Share on other sites More sharing options...
josephbloggs Posted December 6, 2019 Share Posted December 6, 2019 2 hours ago, PatOngo said: Despite turning 65 this year, I am looking forward to my 25th birthday next year! Confused? I hope they get some solace from the BS they sprout! Reading comprehension and maths obviously not your strong point. I love the way you are just ignoring people who ask you to explain your reasoning behind calling it BS - a usual TVF tactic by the naysayers. Bash and run. Having dealt with the BOI and set up two BOI companies in the last few years I can say they are easily the most honest, transparent, and outward looking government body. What's more, that transparency extends to listing every single company that they award privileges to on their website, along with ownership details, investment details, location etc. So let me join the others in asking you to explain what your issue is with it and exactly why it is BS? I'm waiting. Link to comment Share on other sites More sharing options...
josephbloggs Posted December 6, 2019 Share Posted December 6, 2019 1 hour ago, Fex Bluse said: When I see the above image, I immediately know it's government propaganda. Why is it propaganda? What is untrue about the story? Please try and use facts in your response. You obviously have different figures about foreign investment and BOI approvals this year, so please share. Or is this another bash and run? Link to comment Share on other sites More sharing options...
30la Posted December 6, 2019 Share Posted December 6, 2019 3 hours ago, webfact said: Foreign investment in Thailand grows 106% And now another fake news! Link to comment Share on other sites More sharing options...
saengd Posted December 6, 2019 Share Posted December 6, 2019 If there was a real argument about the numbers we'd have heard it by now, we haven't so there isn't one, it's just a response to Pavlov ringing the bell! But I am concerned about the number of confused posters out there, goodness me, they seem to get so confused at even the most simple things, it's quite sad really. Link to comment Share on other sites More sharing options...
colinneil Posted December 6, 2019 Share Posted December 6, 2019 20 minutes ago, saengd said: But I am concerned about the number of confused posters out there, goodness me, they seem to get so confused at even the most simple things, it's quite sad really. Confused posters? The only confused poster is yourself, surely no one believes all the garbage, untruths that the government lackies spew out every few days, but appears you do. Link to comment Share on other sites More sharing options...
josephbloggs Posted December 6, 2019 Share Posted December 6, 2019 24 minutes ago, saengd said: If there was a real argument about the numbers we'd have heard it by now, we haven't so there isn't one, it's just a response to Pavlov ringing the bell! But I am concerned about the number of confused posters out there, goodness me, they seem to get so confused at even the most simple things, it's quite sad really. I've noticed it's the same group of posters who get confused really easily but then a minute or two later they are very happy with each other's posts. Alternating between confusion and delirium so frequently and rapidly can't be good for your mental health - I hope they are ok. And not only do they get confused really easily but they are very forgetful - always forgetting to answer direct questions or challenges. Confused and forgetful, poor things. Link to comment Share on other sites More sharing options...
topt Posted December 6, 2019 Share Posted December 6, 2019 21 minutes ago, saengd said: If there was a real argument about the numbers we'd have heard it by now, Agreed - except grammatically some may find this confusing - Quote the number of foreign companies investing in Thailand from January to November this year has reached 22.153 billion baht (22,153,000,000), showing a 106 percent growth rate. I doubt there has been over 22 billion actual foreign companies investing........... I know they mean the value invested Link to comment Share on other sites More sharing options...
saengd Posted December 6, 2019 Share Posted December 6, 2019 7 minutes ago, colinneil said: Confused posters? The only confused poster is yourself, surely no one believes all the garbage, untruths that the government lackies spew out every few days, but appears you do. You keep giving me confused emojis so it seems you are the one who is confused. Further evidence of that is that I haven't said what I believe, I've just asked others why they think what they've posted. Link to comment Share on other sites More sharing options...
CLS Posted December 6, 2019 Share Posted December 6, 2019 Who with half a brain invests in a failed state? Maybe the Chinese because they rule this country already. Link to comment Share on other sites More sharing options...
uffe123 Posted December 6, 2019 Share Posted December 6, 2019 Fake news, most international companies will not invest or do business in Thailand. There is a hidden cost of doing business. Link to comment Share on other sites More sharing options...
josephbloggs Posted December 6, 2019 Share Posted December 6, 2019 7 minutes ago, CLS said: Who with half a brain invests in a failed state? Maybe the Chinese because they rule this country already. The Japanese are the largest foreign investors in Thailand, not the Chinese, sorry to burst your little "Chinese colony" bubble. And the Japanese are known for their business naivety. If only the Japanese were as smart as you they might have a successful country. Failed state - get over yourself. Link to comment Share on other sites More sharing options...
josephbloggs Posted December 6, 2019 Share Posted December 6, 2019 3 minutes ago, uffe123 said: Fake news, most international companies will not invest or do business in Thailand. There is a hidden cost of doing business. If it is fake news, please give us the real facts about foreign investment here and BOI approvals. Link to comment Share on other sites More sharing options...
saengd Posted December 6, 2019 Share Posted December 6, 2019 Thailand's Foreign Direct Investment (FDI) increased by 5.2 USD bn in Sep 2019, compared with an increase of 2.0 USD bn in the previous quarter. https://www.ceicdata.com/en/indicator/thailand/foreign-direct-investment (includes a pretty graph for those with reading and comprehension difficulties) https://tradingeconomics.com/thailand/foreign-direct-investment (has graph/picture also) And FDI countries: Link to comment Share on other sites More sharing options...
saminoz Posted December 6, 2019 Share Posted December 6, 2019 23 minutes ago, topt said: Agreed - except grammatically some may find this confusing - I doubt there has been over 22 billion actual foreign companies investing........... I know they mean the value invested It would, in all fairness be absoutely staggering for any country to be able to claim a 106% growth in DFI. I suspect that they mean these figures represent a growth of maybe 6%, (i.e 106% of the last period's figures)? That in itself, with Thailand's history of deep, high level corruption, incompetence, government meddling, xenophobia and general's incompetence (yes, the silly ittle general, oops I mean PM, nope I mean silly little general), would be a pretty amazing feat! Link to comment Share on other sites More sharing options...
saengd Posted December 6, 2019 Share Posted December 6, 2019 2 minutes ago, saminoz said: It would, in all fairness be absoutely staggering for any country to be able to claim a 106% growth in DFI. I suspect that they mean these figures represent a growth of maybe 6%, (i.e 106% of the last period's figures)? That in itself, with Thailand's history of deep, high level corruption, incompetence, government meddling, xenophobia and general's incompetence (yes, the silly ittle general, oops I mean PM, nope I mean silly little general), would be a pretty amazing feat! If I read the attached graph correctly, the increase was actually far greater than 106%: https://www.ceicdata.com/en/indicator/thailand/foreign-direct-investment Link to comment Share on other sites More sharing options...
saminoz Posted December 6, 2019 Share Posted December 6, 2019 2 minutes ago, saengd said: Thailand's Foreign Direct Investment (FDI) increased by 5.2 USD bn in Sep 2019, compared with an increase of 2.0 USD bn in the previous quarter. https://www.ceicdata.com/en/indicator/thailand/foreign-direct-investment (includes a pretty graph for those with reading and comprehension difficulties) https://tradingeconomics.com/thailand/foreign-direct-investment (has graph/picture also) And FDI countries: The graphic applies to countries interested in investing, and for 2018. Not terribly relevant, but thank you for the pretty picture! Link to comment Share on other sites More sharing options...
saengd Posted December 6, 2019 Share Posted December 6, 2019 Yep, my mistake, sorry about that, ditto the subsequent link which is outbound investment. Although having said that, those are applications recieved by the BOI, the approved number can't be that far off I imagine. Link to comment Share on other sites More sharing options...
saminoz Posted December 6, 2019 Share Posted December 6, 2019 Just now, saengd said: Yep, my mistake, sorry about that, ditto the subsequent link which is outbound investment. Understood. The OP is confusing though. Whilst mentoning this amazing 106% figure, read on and is states that the DFI for the first none months of this year was up, in fact, 11%, year-on-year. Link to comment Share on other sites More sharing options...
brain150 Posted December 6, 2019 Share Posted December 6, 2019 The numbers might well be true ! That's what numbers look like when you are selling out your country ! Make big projects with foreign money and it's foreign owned. At one point everything belongs to the investor [nowadays you can legally take over the world with fiat money !!!]. Privatizing public infrastructure is enslaving the population. [You could call this legal slavery] This happens all over the world - and nobody wants to know anything about it !!! Link to comment Share on other sites More sharing options...
Fex Bluse Posted December 6, 2019 Share Posted December 6, 2019 1 hour ago, josephbloggs said: Why is it propaganda? What is untrue about the story? Please try and use facts in your response. You obviously have different figures about foreign investment and BOI approvals this year, so please share. Or is this another bash and run? 1 hour ago, saengd said: If there was a real argument about the numbers we'd have heard it by now, we haven't so there isn't one, it's just a response to Pavlov ringing the bell! But I am concerned about the number of confused posters out there, goodness me, they seem to get so confused at even the most simple things, it's quite sad really. I have a simple challenge for you both, and others like you who seem to genuinely trust the various Thai government pronuncements. When two or more Thai government bodies totally contradict each other as to the "facts", I will want to see how you both respond. I'll tag you going forward when this happens, as it happens almost daily. Link to comment Share on other sites More sharing options...
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