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Federation of Thai Industries (FTI): Map Ta Phut Impasse cost up to B100bn

The court ruling to uphold the order suspending 65 new industrial investment projects at Map Ta Phut industrial estate had destroyed the confidence of foreign investors and caused investment damage of 90 to 100 billion baht, vice chairman of the Federation of Thai Industries (FTI) Thanit Sorat said on Thursday.

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The court ruling to uphold the order suspending 65 new industrial investment projects at Map Ta Phut industrial estate had destroyed the confidence of foreign investors and caused investment damage of 90 to 100 billion baht, vice chairman of the Federation of Thai Industries (FTI) Thanit Sorat said on Thursday.

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FTI: Impasse cost up to B100bn

Infrastructure services, if quickly improved, could promote a better investment climate in Thailand. Logistic costs, for example, are reported by firms to be higher for them in 2007 compared to 2004. This is particularly true for industries that are located in regions other than Bangkok and vicinity or the East where the major markets and ports are located. They include the food processing and furniture industries. A partial explanation for the higher logistic cost was the sharp rise in diesel prices from 2004 to 2007. However, another important explanation is the increased congestion of roads and ports which added to the transport time and costs.

An industrial plant in Map Ta Phut

An industrial plant in Map Ta Phut

The quality of public utility services (electricity, water, and telephone) have also declined from 2004 to 2007 as the period of service interruptions have risen. This is a reflection of the inadequacy of infrastructure services as demand from businesses have increased rapidly over the years. These service interruptions are costly for firms and will hurt Thailand’s competitiveness as other countries in the region such as China and Vietnam are quickly improving them.

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Business

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The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.

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Asean

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Indonesia’s Omnibus Law: The Positive Investment List and the Liberalization of Business Sectors

In the first of ASEAN Briefing’s Indonesia’s Omnibus Law series, we analyze Presidential Regulation 10 of 2021 (PR 10/2021) on business fields open to investment — also dubbed as the positive investment list. The regulation comes into effect on March 4, 2021.

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Investment

Foreigners’ Participation in Thai Listed Companies explained

Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
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Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.

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