First 7 months see 242 service firms approved
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A TOTAL OF 242 foreign companies in service businesses received approval during the first seven months of the year to operate in the Kingdom, with initial investment capital worth more than Bt8.58 billion, the Business Development Department reported.
The number of approvals in the first seven months increased by 8 per cent over the same period in 2014, while the initial investment capital declined 34 per cent.
This month alone, 35 companies were approved under the Foreign Business Act (FBA). They could bring about Bt580 million of initial investment capital into the country.
That total is quite small compared with July last year, when one project invested in commercial banking.
This month’s investors will create at least 385 new jobs for Thais.
Among the 35, 23 are new, while the rest have operated in the Kingdom before.
Pongpun Gearaviriyapun, director-general of the department, said foreign firms were being attracted by Asean integration and the government’s investment in infrastructure.
Most businesses that foreign investors are highly interested in under the FBA are related to the financial, consultancy, retail and wholesale, and construction-services segments, as well as contracted companies with state-owned enterprises.
