Mission accomplished : the BOI has saved Thailand from foreign investors

bozo

BOICLOWN

The Board of Investment has agreed to cut down foreigners’ right to hold stakes in sensitive businesses from 100 per cent to 49 per cent in a bid to minimise the impact from the liberalisation of investment in Asean.

“The agricultural activities are listed in Annex 1 of the BOI Act, which the board agreed to revise in terms of size, investment conditions and privileges based on the country’s interest, since Thai operators are not competitive enough to go against other countries,” she said.

The act also does not allow foreigners to hold more than 49 per cent in the forestry and livestock, including aquatic animal, businesses.

Our limits will not impact on foreigners’ investment because such business activities are normally protected in most agriculture-based countries. We are the first government agency to revise our promotion criteria to protect local people, while other agencies are considering the revision too,” she said. (Nation)

I remind you that the Board of Investment‘s goal… is to promote foreign investments in Thailand. 😉

More seriously : we have here another set of winners. Well done guys.

And as usual, we shall give the mic to Abhisit. What does our dashing Prime Minister think about this decision ? Does he agree ? Does he disagree ? I mean he’s the alleged PM… so ? He should have -at least- an opinion.

Since Abhisit was made PM last december, the guy is a master of double speak, double standards. He’s totally schizophrenic.

He makes very nice speeches abroad to push foreign investments, with very nice and sweet words (rule of law, democracy, blabla, you know the full set).  He tries to sell Thailand’s image… And locally, like a fart, we can read such decision taken by the BOI. So ?

Another perfectly normal day in Thailand…

3 Responses to “Mission accomplished : the BOI has saved Thailand from foreign investors”


  1. 1 Bedwyr 17 November 2009 at 9:14 am

    Right.

    Thais cannot compete because they are incompetent and charge other Thais more than they need to pay for their products.

    So – protect them from competition which would force them to become better businessmen and reduce product prices for Thais. Naturally this makes Thai-styl sense for a ‘developing’ nation.

    Seems like a perfectly idiotic idea to the rest of us.

    Of course we should remember it isn’t a matter of protecting Thailand so much as protecting the government’s friends and donors – isn’t it?

    This is lovely too: “The Board of Investment has agreed to cut down foreigners’ right to hold stakes in sensitive businesses from 100 per cent to 49 per cent in a bid to minimise the impact from the liberalisation of investment in Asean.

    Insulate Thailand against the liberalisation policy of ASEAN? But wait! isn’t Thailand a member of ASEAN? In fact, at the moment, isn’t Thailand actually the [completely disastrous] chair of ASEAN?

    Once again this government’s duplicity is shown for what it is.

  2. 2 Bedwyr 18 November 2009 at 1:10 pm

    Erm. Anyone heard anything about the big guy? All gone very quiet…

  3. 3 Marvo 18 November 2009 at 5:14 pm

    yessss Bedwyr, verrrry quiet indeed! Like everything is supposed to be normal and OK. Thanks for reminding us 😉 I had forgotten all about the civil war that’s only a breath away. Maybe it’s time to sell a few shares. No, hang on, I’ll probably get arrested for doing that 😉


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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.


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