Thailand approves 44 new foreign companies
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The authorities have given the go-ahead to 44 foreign firms this month to set up operations worth a total of Bt377 million, according to the Business Development Department.
Ittipol Changlum, deputy director-general of the department, said foreign investors were still interested in setting up manufacturing bases in Thailand.
He added that despite the global slowdown, more investment would flow into Asia, especially in the Asean region. Besides, Thailand is seen as an investment destination with a safe future.
He said setting up these 44 firms would create at least 219 new jobs for Thais.
In the first nine months of this year, as many as 282 foreign companies were allowed to set up business in Thailand – a 12-per-cent increase compared with the same period last year. These companies’ initial total investment capital worth Bt13.97 billion rose by 30 per cent year on year.
Most of the firms approved this month are related to financial services, consultancy and management for subsidiary companies. The investors mostly hail from Hong Kong, the United States, Japan, the Netherlands, the United Kingdom, Switzerland, mainland China, South Korea and France.
