At last. At last the new Prime Minister gives something, a bone, to the foreign business community. No change to the FBA.
The lunatic Junta wanted to amend this law… They almost did. You can follow this epic fight in my special dossier.
We had a great fun… And eventually this bunch of nationalist conservators were defeated. Badly.
Anyway. I think it’s fair to add that Abhisit had no choice. He was certainly not in a position to amend this law… 😉
Particularly when the economy is tanking and when the thai goverment is going to beg and borrow money outside Thailand (more on this issue, later).
We could regret that Abhisit didn’t take the opportunity… on the contrary… to relax the FBA… and its obsolete and ridiculous 3 lists (read here).
I’m speaking of course about the third list… “the business which Thai nationals are not yet ready to compete with foreigners“… from accounting, to hotel, to tour guide, restaurants, bars, retailing…
Apparently the thai government is not ashamed to present its citizen like dumb people who are unable to run a restaurant, a bar, a hotel or… to do accounting work (in thai…).
Most of this list is totally absurd and is an insult to thais.
But the reality of this mediocre government is : don’t ask too much… 😉 And don’t expect too much.
Prime Minister Abhisit Vejjajiva last night reassured the foreign business community his administration would not amend or modify the Foreign Business Act, because it wanted to maintain an investment-friendly atmosphere.
He spoke at a dinner hosted by the American Chamber of Commerce in Thailand (Amcham).
The premier told the gathering of more than 600 US and other foreign business people Thailand would continue to pursue a path of democracy and free-market economics while seeking to restore domestic harmony and international confidence in the Kingdom. (Nation)