The recent roadshow to China yielded triple success in attracting Chinese investment, business match-making, and embracing the bilateral collaboration, according to the Industry Minister.
Following the roadshow, 16 leading companies in the infrastructure development, alternative energy, education and tourism sectors have discussed the business collaboration with Thailand. It is strongly expected that 5 large companies in the automotive, machinery, food flavouring and real estate industries are soon to confirm their plans to make over Bt 65 billion investment in Thailand.
At the same time, leading Thai businesses have signed business partnership agreement with Chinese partners, which will potentially lead to almost Bt 73 billion investment in total.
M.R. Pongsvas Svasti, the Industry Minister said during the roadshow to Beijing that the roadshow held form 17-20 April 2012 and led Prime Minister Yingluck Shinawatra received very good response from Thai and Chinese investors and business circle.
The investment seminar on “Unbeatable Thailand, unparalleled Opportunities: Business Environment & Investment Policies” and “Business Luncheon for China – Thailand Entrepreneurs” attracted around 800 people. At the seminar, Prime Minister Yingluck Shinawatra also gave a keynote speech on “Thailand: Creating the Future”.
The Industry Minster added that during the roadshow, the Thai government had an opportunity to discuss with 16 leading Chinese companies from various industries, such as infrastructure development, alternative energy, education and tourism.
From which, 5 leading companies in the automotive, machinery, food flavouring and real estate industries, expressed their great interests and were in consideration to invest abroad. At the discussion, the government shared with the Chinese investors its investment policy and the country’s long-term potential as the preferred investment destination. It is expected that if these 5 companies finally decided to invest in Thailand, the total investment will be no less than Bt 65 billion.
“Some of those companies have already decided to invest in Thailand. We expect to receive confirmation soon. Other companies are still studying the information, and we are strongly confident that Thailand can be their preferred investment destination.” he said.
Moreover, the delegation had witnessed the signing of nine memorandum of understanding between Thai and Chinese companies. Among Thai companies signing the MOU with Chinese partners are Sammitr Green Power Co., Ltd. and Thailand International Chinese Television Station Co., Ltd. (TCI TV). Nearly Bt 73 billion worth of investment is expected from these MOUs.
China’s new three-child policy highlights risks of aging across emerging Asia
Thailand’s (Baa1 stable) total dependency ratio is set to jump nine percentage points to 51% by 2030 – a faster increase than China’s – which will pressure public and private savings through higher taxes and social spending, reducing innovation and productivity gains.
Population aging in China (A1 stable) and other emerging markets in Asia will hurt economic growth, competitiveness and fiscal revenue, unless productivity gains accelerate, according to a new report by Moody’s Investors Service.(more…)
Clear skies over Asia’s new foreign investment landscape?
Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.(more…)
Subscribe via Email
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...