More foreign firms allowed to do business in Thailand

Saturday, 19 July 2014 From Issue Vol. XXII No. 30 By  MCOT

Thailand has granted 39 more international companies to launch their businesses in the country, bringing the total number of foreign firms allowed to operate their businesses here to 225 in the first seven months of this year.

Department of Business Development (DBD) Director-General Pongpan Jiarawiriyipan said the latest meeting concerning foreign businesses agreed that 39 more foreign firms should be allowed to operate here, increase of some 50 per cent from the prior figure, hiking investments by four times to Bt5.676 billion, and increasing employment for Thais by 527 positions.

Out of the 39 recently allowed foreign businesses, 21 firms were subsidiaries or partnerships from Japan, Singapore, China, Malaysia, Australia, and the Netherlands, with a combined investment value of Bt4.605 billion.

Nine other firms were part of government enterprises and partnerships from France, Japan, China, the Netherlands, and Germany, with a combined investment value of Bt1.011 billion.

For the first seven months of this year, the DBD granted 225 international firms to conduct businesses in Thailand, creating an investment value of Bt13.49 billion, an increase of around 10 per cent in foreign firms allowed and a hike of 13 per cent in investment, respectively, compared to the year before.

Last modified on Friday, 25 July 2014 10:22
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