Tourism can help drive Thai economy - Chinese investors are ready

[webfact 78,931]

Tourism can help drive Thai economy - Chinese investors are ready

 

 

Thai media reported again that opening the country to tourism was a key way to drive the economy forward.

 

Channel 7 reported on estimates from one of the country's largest banks - Krungsri (Bang of Ayudhya) - who said that the economy had contracted 6.4% this year with the export sector down 7.5%. 

 

Much of the economy was still fragile with rising household debt a concern. They expected slow tourism recovery next year and cautioned investors to keep a wary eye on vaccine developments and matters like Brexit. 

 

Thai Chinese Chamber of Commerce president Narongsak Phutthaphrommongkhon - who elsewhere has been promoting the idea of travel bubbles for Chinese tour groups to visit Thailand including a pilot project for Phuket - said that Chinese investors were ready to put their money into Thailand. 

 

This and a steady return to mass tourism could be a key driver of recovery in the Thai economy. 

 

Source: Channel 7

 

-- © Copyright Thai Visa News 2020-12-03

 

- Whatever you're going through, the Samaritans are here for you

- Follow Thaivisa on LINE for breaking COVID-19 updates

[Thailand 18,635]

                                                                   

[phetphet 1,534]

18 minutes ago, webfact said:

Chinese investors were ready to put their money into Thailand. 

Of course they are.  Ready to sweep in and buy up everything for peanuts when everyone is desperate to sell. Saw that coming a mile off.

[RotBenz8888 17,925]

23 minutes ago, webfact said:

said that Chinese investors were ready to put their money into Thailand. 

 

I love you, China. 

[Pravda 4,507]

I'm reading some news about Canada and how they plan to tax non residents for property purchases. 

 

They have been also taxing them for years on empty units and non resident transfer tax fees. 

 

This is on top of regular property tax that everyone has to pay. 

 

So when Western countries become unfriendly to foreign investment then why shouldn't they invest in Thailand? I see nothing here to lol about when your own countries (in this case Canada) only understand how to tax. 

 

And people complain about dual pricing in Thailand. 

[ezzra 43,691]

Read what is going on between Australia and China the war or words and innuendos and trade embargo on Aussie products where China is bullying Australia after they have bough half of Australia land and business, those "Chinese investors " are like a caner taking over the body bit by bit... 

[Scot123 3,267]

3 hours ago, Pravda said:

I'm reading some news about Canada and how they plan to tax non residents for property purchases. 

 

They have been also taxing them for years on empty units and non resident transfer tax fees. 

 

This is on top of regular property tax that everyone has to pay. 

 

So when Western countries become unfriendly to foreign investment then why shouldn't they invest in Thailand? I see nothing here to lol about when your own countries (in this case Canada) only understand how to tax. 

 

And people complain about dual pricing in Thailand. 

This is rather bizarre trying to compare canada to Thailand in a feeble attempt at justification. I never new you had to give a canadian half your business or that you cannot buy a house to live in and that they have an upto 300% luxury tax on good not made in Canada and citizenship was near impossible... well you live and learn. 

[Justgrazing 19,630]

4 hours ago, webfact said:

Tourism can help drive Thai economy

 

hopefully without flattening any power poles or ending up on its side in a ditch .. 

[PatOngo 44,545]

5 hours ago, webfact said:

Much of the economy was still fragile with rising household debt a concern.

That would seem to mirror the attitude of the Chinese communist authoritarian rulers of late!

[PatOngo 44,545]

5 hours ago, webfact said:

said that Chinese investors were ready to put their money into Thailand. 

Insurgency!

[yellowboat 16,075]

5 hours ago, webfact said:

Thai Chinese Chamber of Commerce president Narongsak Phutthaphrommongkhon ..... said that Chinese investors were ready to put their money into Thailand. 

How do you say "fire sale" in Chinese?   They will snatch up everything.  It looks like the average Thai will have less of his country to buy.   

[klauskunkel 20,646]

5 hours ago, webfact said:

Tourism can help drive Thai economy

I am slowly arriving at the opinion that tourism may be important for the Thai economy. 

[metisdead 8,875]

A post containing unattributed content that was copy and pasted from some site has been removed:

14) You will not post any copyrighted material except as fair use laws apply (as in the case of news articles). Please only post a link, the headline and the first three sentences.

[mr_lob 579]

They will be doing more of this around the World. Gotta love that CCP and their long term plans...vile

[Ireland32 2,148]

Chinese investors are ready to Scavenge all businesses