18 foreign businesses get green light
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Another 18 foreign companies have received approval to set up businesses in Thailand this month, accounting for initial investment of at least Bt874 million, a Business Development Department report showed.
For five of these companies, the department is assisting with a rapid-business set-up under the Foreign Business Act to facilitate business rehabilitation after last year’s floods, said Ittipol Changlum, deputy director-general of the department.
Of the 18 firms, five are involved in providing financial-support services for 79 enterprises; two are involved in rental businesses; and one is a wholesale company.
The businesses, approved to begin operations this month, expect to create at least 223 jobs for Thais.
The top foreign investors last month by country were: Japan, France, British Virgin Islands, Malaysia, the Netherlands, the United States and Germany.
The most popular businesses for foreign investors here are financial services, leasing, sales agencies, automobiles and other service-sector enterprises.
