Asean’s zero-tariff implementation this year has created great investment opportunities between the country’s biggest agro-conglomerate, the Charoen Pokphand Group, and Chinese investors with billions of US dollars to be spent on a range of projects. CP plans to set up a one-stop industrial park in Rayong province that will draw mainly Chinese investors.
The investment could come in any form, such as a joint venture wholly owned by the group or Chinese investors. CP is negotiating with potential Chinese investors. Its retail arm will soon be granted a licence in China for 7-Eleven convenience stores.
The Asean-China Free-Trade Agreement will open up a free flow of trade in goods and investment between the two sides.
CORE BUSINESSES Revenue from CP’s four core businesses – Charoen Pokphand Foods, CP All (the operator of 7-Eleven), the CP International Trading Group and True Corp – reached Bt346 billion last year. Chairman and CEO Dhanin Chearavanont yesterday said the group had set a capital-expenditure budget of Bt40 billion for this year that would focus on Thailand. Local investment will take up Bt30 billion at most, with the rest used abroad. “Thailand still has plenty of room for expansion, thanks to record-high foreign reserves and a rebounding economy,” he said.
CP will focus its investment on Thailand for a few years before looking abroad. Its investment in China will be higher than in Thailand, because the economy there is growing and the purchasing power of its people rising. The focus in China will be on food and retail operations.
Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)
The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.
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.
Indonesia’s Omnibus Law: Positive Investment List and the Liberalization of Business Sectors
Examples of non-fiscal incentives are the provision of supporting infrastructure, simplified business licensing procedures, and the guaranteed energy supply or raw materials.
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.
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
securities flexibly and conveniently.
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