Wednesday, April 7, 2010
Saturday, April 3, 2010
Thai Central Bank Eases Forex Rules
The Bank of Thailand took steps to ease foreign-exchange rules in an effort to boost capital outflows, which included proposing the removal of the $200 million annual limit on investment and lending to affiliated companies offshore.
TESCO Thailand - a success story
Check out this inspiring video about TESCO in Thailand – probably the most successful British company in Thailand
Thursday, April 1, 2010
Unilever to maintain its focus on Thailand
Unilever will maintain its long-term investments in Thailand as the company is not overly concerned by the country's growing political problems, says global CEO Paul Polman.
Thailand Economic Outlook Improves
BANGKOK --Thailand revised its 2010 growth forecast up to between 4.0% and 5.0% as a recovery in the global economy helps spur expansion in Southeast Asia's second-largest economy, but warned economic growth could be derailed by political upheaval.
The upward revision was also due partly to a strong pick-up in private consumption, Fiscal Policy Office Director-General Satit Rungkasiri said in a briefing Monday. The ministry had in December forecast gross domestic product to expand in a range of 3.0%-4.0%.
BANGKOK POST: February data show further improvements in economy
The Thai economy is steadily expanding thanks to February's exports, tourism and consumption, says the Bank of Thailand.
Consumer purchasing power accelerated from January to reach pre-crisis levels last seen 18 months ago, said Suchart Sakkankosone, senior director for the Domestic Economy Department.
Consumer purchasing power accelerated from January to reach pre-crisis levels last seen 18 months ago, said Suchart Sakkankosone, senior director for the Domestic Economy Department.
Sunday, March 28, 2010
Foreign investors confident in Thailand
Bernama, Malaysia's News Agency:
Foreign investors are still confident about investing in Thailand although the political standoff continues to intensify, according to Board of Investment (BoI) Secretary-GeneralAtchaka Sibunruang, Thai News Agency reported Thursday.
Saturday, March 27, 2010
Japanese Study shows reasons to invest in Thailand
Thailand's Advantages
A survey conducted by the Japan External Trade Organization (JETRO) showed that Thailand was the “most optimal location for establishing a production/sales base in the coming 5-10 years.”
There are many reasons why Thailand is an intelligent choice for the investor. Below are just a few.
* Thailand has quality international schools, an excellent health care system and friendly cooperative people.
* Thailand boasts the largest growth market in Asia.
* Thailand has recently attracted a great deal of foreign investment. It is one of the Asian economic leaders and is one of the fastest-growing economies in the area.
* Thailand is one of the least expensive places to fly to in Asia.
* The country has strong business ties with China and has an excellent infrastructure as well as world-class facilities in many resort towns.
* Property is far cheaper in Thailand than other countries and an increase in overseas interest in property purchase has helped to create an economic recovery in Thailand.
* Rental potential is great, due to increased government spending luring growing numbers of tourists.
* No capital gains tax for private investors, and low ongoing taxes.
* Today foreigners are regarded by the government as a big investment opportunity in Thailand.
Gateway to Asia
Thailand enjoys a strategic location at the heart of Asia – home to what is regarded today as the largest growing economic market.
Thailand serves as a gateway to Southeast Asia and the Greater Mekong sub-region, where newly emerging markets offer great business potential. From Thailand, it is convenient to trade with China, India and the countries of the Association of Southeast Asian Nations (ASEAN), which has a cumulative population of more than 500 million
Hub of ASEAN
Thailand was one of the founding members of ASEAN and has been instrumental to the formation and development of the ASEAN Free Trade Area (AFTA). As a member of ASEAN, Thailand has forged closer economic cooperation with ASEAN member nations, and Thai manufactured products and services have access to the markets of ASEAN, which includes all 10 ASEAN countries. ASEAN is home to more than half a billion people, GDP in excess of US$700 billion and intra-ASEAN trade of more than US$1 trillion per year.
Social and political stability
Thailand is a welcoming Buddhist country. The country's form of government – constitutional monarchy – allows democratic processes and reforms, and is balanced by the Thai people's peace-loving nature, high reverence for the Thai Monarchy, and devotion to the teachings of Buddhism. While the vast majority of the people in Thailand are Buddhist, all religions are welcome, and His Majesty the King is the patron of all religions.
Growing economy
Economically, this country of 64 million people is characterized by steady growth. Abundant natural resources and a skilled and cost-effective work force helps attract foreign investment, enables them to prosper and help develop industry in Thailand.
Sufficient infrastructure
Thailand has good infrastructure for foreign investors. Improved and modernized transportation facilities, as well as upgraded communications and IT networks, ensure optimum business and living conditions. State-of-the-art industrial estates boast sophisticated facilities and superior services.
FDI policies
The country's well-defined investment policies focus on liberalization and encourage free trade. Foreign investments, especially those that contribute to the development of skills, technology and innovation are actively promoted by the government. Thailand consistently ranks among the most attractive investment locations in international surveys, and a 2006 World Bank report indicated that Thailand was the 4th easiest country in Asia in which to do business, and the 20th easiest in the world.
Government support and incentives
Numerous government agencies support investors. Through the Board of Investment, the government offers a range of tax incentives, support services and import duty concessions available to an extensive list of businesses that are regarded as priority or promoted activities.
Through the Board of Investment, there are no foreign equity restrictions in the manufacturing sector, no local content requirements, and no export requirements, as Thailand's investment regime is in total compliance with WTO regulations.
The Board of Investment also coordinates the activity of the One-Stop Service Center for Visas and Work Permits, which enables foreign staff of BOI-promoted companies to obtain work permits and long-term visas within 3 hours or less.
Other government organizations, like the Department of Export Promotion, and international chambers of commerce, provide invaluable support and a host of other important services.
Long – established and newly emerging industries
With strong economic development and strong support industries, the country's industrial production has grown and diversified rapidly both in the long –established and newly emerging industries.
The government has placed emphasized on attracting investment in 6 key sectors that have been determined as key to the country's developmental objectives. These six target industries include: agriculture and agro-industry, alternative energy, automotive, electronics and ICT, fashion, and value-added services including entertainment, healthcare and tourism.
Friendly and rich culture
Thailand has gained a well-known reputation throughout the world for its gracious hospitality. The friendliness of its people and the diverse nature of Thai culture make visitors feel at home in Thailand.
Education and healthcare services
Thailand 's educational standards are accepted by many international examining bodies, while its universities are outstanding in many fields. A great number of international schools and colleges offer world-class education.
In terms of healthcare, the country has developed a good reputation globally, due to its internationally qualified doctors and medical staff, and modern facilities and equipment. It is so good that one of the fastest-rising tourism sectors is medical tourism, with international patients visiting Thailand to take advantage of Thailand's world-class and extremely affordable health care system.
A survey conducted by the Japan External Trade Organization (JETRO) showed that Thailand was the “most optimal location for establishing a production/sales base in the coming 5-10 years.”
There are many reasons why Thailand is an intelligent choice for the investor. Below are just a few.
* Thailand has quality international schools, an excellent health care system and friendly cooperative people.
* Thailand boasts the largest growth market in Asia.
* Thailand has recently attracted a great deal of foreign investment. It is one of the Asian economic leaders and is one of the fastest-growing economies in the area.
* Thailand is one of the least expensive places to fly to in Asia.
* The country has strong business ties with China and has an excellent infrastructure as well as world-class facilities in many resort towns.
* Property is far cheaper in Thailand than other countries and an increase in overseas interest in property purchase has helped to create an economic recovery in Thailand.
* Rental potential is great, due to increased government spending luring growing numbers of tourists.
* No capital gains tax for private investors, and low ongoing taxes.
* Today foreigners are regarded by the government as a big investment opportunity in Thailand.
Gateway to Asia
Thailand enjoys a strategic location at the heart of Asia – home to what is regarded today as the largest growing economic market.
Thailand serves as a gateway to Southeast Asia and the Greater Mekong sub-region, where newly emerging markets offer great business potential. From Thailand, it is convenient to trade with China, India and the countries of the Association of Southeast Asian Nations (ASEAN), which has a cumulative population of more than 500 million
Hub of ASEAN
Thailand was one of the founding members of ASEAN and has been instrumental to the formation and development of the ASEAN Free Trade Area (AFTA). As a member of ASEAN, Thailand has forged closer economic cooperation with ASEAN member nations, and Thai manufactured products and services have access to the markets of ASEAN, which includes all 10 ASEAN countries. ASEAN is home to more than half a billion people, GDP in excess of US$700 billion and intra-ASEAN trade of more than US$1 trillion per year.
Social and political stability
Thailand is a welcoming Buddhist country. The country's form of government – constitutional monarchy – allows democratic processes and reforms, and is balanced by the Thai people's peace-loving nature, high reverence for the Thai Monarchy, and devotion to the teachings of Buddhism. While the vast majority of the people in Thailand are Buddhist, all religions are welcome, and His Majesty the King is the patron of all religions.
Growing economy
Economically, this country of 64 million people is characterized by steady growth. Abundant natural resources and a skilled and cost-effective work force helps attract foreign investment, enables them to prosper and help develop industry in Thailand.
Sufficient infrastructure
Thailand has good infrastructure for foreign investors. Improved and modernized transportation facilities, as well as upgraded communications and IT networks, ensure optimum business and living conditions. State-of-the-art industrial estates boast sophisticated facilities and superior services.
FDI policies
The country's well-defined investment policies focus on liberalization and encourage free trade. Foreign investments, especially those that contribute to the development of skills, technology and innovation are actively promoted by the government. Thailand consistently ranks among the most attractive investment locations in international surveys, and a 2006 World Bank report indicated that Thailand was the 4th easiest country in Asia in which to do business, and the 20th easiest in the world.
Government support and incentives
Numerous government agencies support investors. Through the Board of Investment, the government offers a range of tax incentives, support services and import duty concessions available to an extensive list of businesses that are regarded as priority or promoted activities.
Through the Board of Investment, there are no foreign equity restrictions in the manufacturing sector, no local content requirements, and no export requirements, as Thailand's investment regime is in total compliance with WTO regulations.
The Board of Investment also coordinates the activity of the One-Stop Service Center for Visas and Work Permits, which enables foreign staff of BOI-promoted companies to obtain work permits and long-term visas within 3 hours or less.
Other government organizations, like the Department of Export Promotion, and international chambers of commerce, provide invaluable support and a host of other important services.
Long – established and newly emerging industries
With strong economic development and strong support industries, the country's industrial production has grown and diversified rapidly both in the long –established and newly emerging industries.
The government has placed emphasized on attracting investment in 6 key sectors that have been determined as key to the country's developmental objectives. These six target industries include: agriculture and agro-industry, alternative energy, automotive, electronics and ICT, fashion, and value-added services including entertainment, healthcare and tourism.
Friendly and rich culture
Thailand has gained a well-known reputation throughout the world for its gracious hospitality. The friendliness of its people and the diverse nature of Thai culture make visitors feel at home in Thailand.
Education and healthcare services
Thailand 's educational standards are accepted by many international examining bodies, while its universities are outstanding in many fields. A great number of international schools and colleges offer world-class education.
In terms of healthcare, the country has developed a good reputation globally, due to its internationally qualified doctors and medical staff, and modern facilities and equipment. It is so good that one of the fastest-rising tourism sectors is medical tourism, with international patients visiting Thailand to take advantage of Thailand's world-class and extremely affordable health care system.
Wednesday, March 24, 2010
Tuesday, March 23, 2010
Growth areas for the next five years
KPMG has identified the main growth areas for the next 5 years:
IRISH TIMES: Cost of Labour: Biggest concern in Ireland
THE COSTS of labour is the biggest concern among small businesses in Ireland in spite of almost half of them having already cut their total pay bills, a survey from the Small Firms Association (SFA) has found.
The Main Reasons why Thailand is an Desirable Investment location
PROPERTYSHOWROOMS.COM has identified the Main Reasons why Thailand is a Desirable Investment Location:
- An exotic long haul destination, Thailand is also a sophisticated tourist destination with a great universal appeal
- For thousands of people who have worked in Asia for many years, Thailand is an attractive retirement destination, in which the living environment will feel familiar
- Retirement visas are available for foreigners over 50 years of age, according to financial means
- Thailand has good schools, an efficient health care system and it is seen as a friendly country in which to live or visit
- Thailand boasts beautiful mountains, dense forests and stunning beaches.
- With a tropical climate and cities teeming with culture and colour, Thailand entices visitors back each year
- Warm weather for winter holidaymakers between November and February
- The relatively undiscovered nature of Thailand means that property prices here remain far below those in the more established European markets, although they are set to continue growing quickly
- Thailand is the largest growth market in Asia. Increasing numbers of businesses choose Thailand as a regional base from which to keep their employees working all around Asia.
- Thailand has recently attracted significant foreign investment. It has become one of the Asian economic leaders and is one of the fastest-growing economies in the region
- The completion of the Suvarnabhumi-Bangkok International Airport (SBIA) has precipitated growth in commercial property markets in eastern Bangkok as well as made Thailand even more accessible by air
- Thailand is one of the cheapest places to fly to in Asia
- The country has strong business links with China and has an excellent infrastructure as well as world-class facilities in many resort towns
- Property is much cheaper in Thailand than elsewhere and an increase in overseas interest in property purchase has helped to create an economic recovery in Thailand. Property investors who bought post 1999 have witnessed impressive capital growth, particularly in major cities.
- Rental potential is great, due to increased government spending luring growing numbers of tourists
- No capital gains tax for private investors, and low ongoing taxes
- Today, foreigners are regarded by the government as a big investment opportunity in Thailand and they are actively welcomed and encouraged to invest
- The waving of Stamp Duty and transfer fees are regarded as enticements for foreign buyers
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