Thread: PM invites world’s leading carmakers to invest in Thailand

PM invites world’s leading carmakers to invest in Thailand

DAVOS, Switzerland, Jan 30 – Prime Minister Abhisit Vejjajiva on Friday met top executives of the world’s leading carmakers and invited them to invest in Thailand, saying the country has a quality workforce in the industry and that the business environment is favourable for investment.

The Thai premier arrived here to attend the 41st World Economic Forum being held Jan 27-31.

Upon arrival in Davos, Mr Abhisit began his first mission with a bilateral discussion with Britain’s Prince Andrew, HRH the Duke of York, at Bilateral Room IN 15 in the Congress Center.

The premier told the prince that Thailand wanted to send more skilled workers in the food and spa industries to Britain, but that British immigration regulations are quite strict.

The Duke of York explained that the tough regulation was issued by the Interior Ministry in a bid to prevent the illegal entry of foreign workers. Nonetheless, he will liaise with the ministry to respond to the matter.

In addition, Prince Andrew told Mr Abhisit that he is prepared to encourage British banks to provide loan support to Thai contractors planning to invest overseas.

The Thai premier joined a discussion on “Thailand and the Global Automotive Industry” during which he exchanged views with senior executives of leading carmakers.

Mr Abhisit assured them that his government had a policy to promote Thailand as the auto production hub in ASEAN because the country had quality workforce and good business environment, which are favourable for investment in the auto industry.

Also, Thailand could serve as a gateway to Asia as it had the developed basic infrastructure and had geographic advantages.

ASEAN will develop into the ASEAN Community in 2015, the Thai prime minisiter said. The auto industry will benefit from the development in addition to implementation of the ASEAN Free Trade Area (AFTA) agreement. (MCOT online news)

Originally Posted by FarangRed

PM invites world’s leading carmakers to invest in Thailand

Originally Posted by FarangRed

told Mr Abhisit that he is prepared to encourage British banks to provide loan support to Thai contractors planning to invest overseas

Do the Thai banks loan money to us when we invest in Thailand ?

Originally Posted by FarangRed

The premier told the prince that Thailand wanted to send more skilled workers in the food and spa industries to Britain, but that British immigration regulations are quite strict.

The Duke of York explained that the tough regulation was issued by the Interior Ministry in a bid to prevent the illegal entry of foreign workers. Nonetheless, he will liaise with the ministry to respond to the matter.

Dear Mr. Abhisit,

The UK regulations are intended to keep workers from the Thai food and spa industries out of the UK because at least half of them never go back.

Yours sincerely.

Andy

In addition, Prince Andrew told Mr Abhisit that he is prepared to encourage British banks to provide loan support to Thai contractors planning to invest overseas.

Dear Mr. Abhisit

Barclays Bank are happy to lend you all the money you require so long as you meet their usual criteria. In this regard you are expected to own assets to the value of at least 110% of the value of any money lent, and to offer this as security.

Yours sincerely,

Andy

PS: I believe the Chinese have some spare cash.

This week Marc faber said that it was only fools and fakes that attended Davos, it seems he was spot on as usual.