Japanese investors continued seeing Thailand as the top investment destination in the region, according to Industry Minister Chaiwuti Bannawat.
Industry Minister Chaiwuti Bannawat said the ongoing political rallies are unlikely to undermine foreign investor confidence in the overall economy, but it could impact new investors, who do not yet understand the situation in Thailand.
The minister said the Japanese investors continued considering Thailand as the top destination to which they want to shift their investment base.
He predicted that the number of Japanese investors will be on the rise, mainly SMEs investing in major industries and those in non-autmotive sector industries.
Mr Chaiwuti said new investment projects set to take place in Thailand are mainly environmentally friendly schemes such as clean energy production and bio-technology.
Thailand has been recognised as the investment hub in the region, so he is confident that the value of projects seeking investment promotions this year would be higher than Bt400 billion, the minister said. (MCOT online news)
See the rest here:
Implementation of Reforms in Thailand
Recent crashes in Thailand’s GDP and export markets, plus the drop in tourism fuelled by recession and last year’s domestic political turmoil, have dispelled illusions that the country is insulated from the effects of the global downturn. Numerous indicators of economic health are hitting the red, foreign investment is evaporating, unemployment is surging, and credit lines are freezing up. Thailand’s government still says there is a possibility of positive growth this year, despite facing a rougher ride than in the 1997 Asian financial crisis as conditions infest the real economy on a broader scale.
Business and Tax Incentives for Foreign Investors in Singapore
With one of the world’s most business-friendly tax regimes, Singapore has emerged as a major financial and economic hub in Asia. Investors are also drawn by the efficient and cost-effective process to incorporate a company and the country’s transparent legal system.
With one of the world’s most business-friendly tax regimes, Singapore has emerged as a major financial and economic hub in Asia. Investors are also drawn by the efficient and cost-effective process to incorporate a company and the country’s transparent legal system.(more…)
Thailand Issues New Incentives to Attract Wealthy global citizens and Retirees
Thailand’s cabinet passed a resolution on September 14, 2021, introducing immigration, tax, and land ownership incentives aimed at foreign investors and skilled professionals. The incentives are part of an effort to stimulate Thailand’s economy which has been badly impacted by the COVID-19 pandemic.
Foreign investors, professionals, and retirees will be able to enjoy a number of new incentives in Thailand, as the government seeks to attract high-earning overseas residents to help the country’s COVID-19 recovery.(more…)
True and Dtac Merger Talks Highlight Necessity of Scale at Thai Telcos
The merger between True Corporation, a subsidiary of conglomerate Charoen Pokphand Group, and Total Access Communication (Dtac), a subsidiary of...
Vietnam’s Tay Ninh Province: Promising for Investors in the Greater Mekong Subregion
The SKER is one of four key economic regions which cover most economic and investment hubs in the country. The...
Pakorn Peetathawatchai, President, The Stock Exchange of Thailand (SET)
What measures has SET taken to support listed companies’ compliance with ESG standards?PAKORN PEETATHAWATCHAI: PAKORN: When we first began promoting...
Quarantine Exemption for Vaccinated Travelers in Thailand: What You Need to Know
Fully vaccinated travelers from 63 “low-risk” countries and regions can now enter Thailand without any quarantine requirements.
Thailand eases entry rules from 16 December 2021
What’s New: In addition to arrival by air, travellers will be allowed to enter by land (at Nong Khai’s border...