Thailand arouses interest from tech giants: Prime Minister Thavisin speaks with Tesla, Google and more major companies
At the recent United Nations General Assembly in the US, Prime Minister Srettha Thavisin, who is also Minister of Finance, had important meetings that bode well for Thailand's economic future. Major players such as Google, Tesla and Microsoft showed their interest in investing in the Asian country. Thavisin highlighted Thailand's commitment to creating a favorable investment environment and also discussed potential stock market listings for Thai companies.
The Thai government has drawn up a “proactive economic plan” to attract at least 1 million high-income foreign tourists and foreign investors. It will become easy for foreigners to work in Thailand, own real estate and the 90-day notice for visas will also be overhauled.
Banyan in Hua Hin closes resort with 86 cottages
The decision is made. On March 15, the doors of the 86 villas of Banyan Resort in Hua Hin will be locked. The rental income is insufficient and the accommodation is due for renovation after ten years.
Thai government is trying to entice Chinese investors
The Thai government is trying to attract Chinese investors during trade talks with China in Bangkok. Particularly affiliation with China's Belt and Road is interesting for the Thai economy.
Multibillionaire and founder of Alibaba, the Chinese Jack Ma, arrived yesterday for a meeting with Prime Minister Prayut, among others. His company will invest at least 93,6 billion baht in Thailand over the next five years.
Thai opposition does not want a 99-year land lease
The government wants to extend the land lease for foreigners from 50 years to 99 years. That would be good to attract wealthy investors and therefore good for the Thai economy.
Foreign investors are selling Thai shares en masse
Thai shares are currently being sold off frequently by foreign investors. Investors view the prospects for the Thai economy as bleak in the absence of economic recovery. In addition, there is little confidence that the military government will be able to turn the tide.
Thailand loses investments in Asia
Years of political conflict and last year's floods are starting to take their toll. Thailand only accounts for 6 percent of foreign investment in the region and has since been overtaken by Indonesia (21), Malaysia (12) and Vietnam (10). In the period 2004-2009, 17 percent of regional investments took place in Thailand. According to a study by the Economic Intelligence Unit.
Little confidence foreign investors in Thailand
The confidence of foreign investors in Thailand, especially Japanese, has taken a serious blow due to the floods.
Cambodia is waiting for investors
Cambodia is trying to make a profit from the floods in Thailand. At least that is the thinking of Prasert Siri, exporter and port owner in Trat province.
Foreign investors shocked by size of disaster (video)
The flood disaster in Thailand causes the economic engine to slowly come to a standstill. Investors and investors are concerned.
BoI: Thailand still has some catching up to do
Foreign investors believe that Thailand lags behind its neighbors in terms of clear government policy and infrastructure in the field of telecommunications. China, Malaysia and Vietnam are more attractive in terms of government policy. This is evident from the annual survey of the Board of Investment (BoI) among foreign companies. Incidentally, the response was meager: the BoI's questionnaire was only completed by 7 percent of the 6000 companies. According to the investors, Malaysia is outperforming Thailand because it…
Property market in Pattaya a 'hot spot' for investors
After a somewhat weaker period, the real estate market in Pattaya, especially the condominiums and apartments, is 'hot' again and is again attracting many foreign and Thai investors. The strategic location of this seaside resort appears to be an important driver for tourism and the real estate market, according to CB Ellis, an internationally operating real estate consultant. Not surprising when one considers that Pattaya is the closest beach resort to Bangkok, just an hour's drive from the capital. …
Investors are coming back now that things are quiet
Since the peaceful outcome of the elections, foreign investors in the real estate market have begun to regain confidence in Thailand. After the occupation of the airports of Suvarnabhumi and Don Mueang, they were not very eager to invest. Three major deals in Bangkok and Phuket worth 5 million baht at the end of the year are illustrative of the restored confidence. Foreign investors want two office buildings in Bangkok and a hotel in Phuket…