370 foreign companies approved under FBA in first 11 months
Play
The Business Development Department approved the operations of 370 foreign companies under the Foreign Business Act (FBA) during the first 11 months of the year, bringing more than Bt13.48 billion in investment capital into the country.
However, the number of foreign companies approved dropped by 4 per cent, while initial investment capital was down by 78 per cent, as many companies had invested in finance-related businesses last year.
The department said permitting these companies to operate service businesses in Thailand would encourage technology transfer and create jobs for Thais.
