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French trade minister affirms investor confidence in Thailand

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French Minister for Foreign Trade Anne-Marie Idrac on Monday affirmed France remained confident regarding investment in Thailand, saying major companies are expected to expand investment next year.Mrs Idrac, the first French trade minister making an official visit to Thailand in four years, is in the Thai capital to strengthen bilateral economic and trade ties.

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Thailand remained attractive for investment because it has sound economic and market mechanisms, she said, noting that Thailand opened up for various kinds of investment from France and served as a gateway for trade with other countries.However, French investors are concerned about the investment spin-off of environmental problems at the Mab Ta Phut Industrial Estate, where some French firms have invested.

French investors had opportunities to meet and discuss with Thai Commerce Minister Pornthiva Nakasai and Trade Representative Kiati Sithi-amorn about the problems. They were satisfied with the clarifications and reaffirmed their plans to expand their investments in Thailand, she said.Next year, Mrs Idrac said, the Thai leader is scheduled to make an official visit to France which she hoped would help boost the bilateral trade ties, particularly regarding intellectual properties.The French government expected it could give advice and cooperation on the green technology with the Thai counterpart, she added.

via MCOT English News : French trade minister affirms investor confidence in Thailand.

Business

Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)

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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

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

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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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Boris Sullivan

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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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