CrazyExpat Posted August 16, 2010 Report Share Posted August 16, 2010 In spite of "some negatives" and political conflict, Thailand remains an attractive place for foreign-owned service providers to set up headquarters to do business in other Asean countries and China. This, say the executives of a French trading company, Thalis Asia Pacific, is due to Thailand's sustainable economic growth and good infrastructure development. The company has recently been licensed to qualify for Board of Investment investment incentives. Its director of operations Eric Vavasseur said Thailand's high potential to serve as a headquarters location for foreign investors would be realised if the country liberalised its laws to promote investment. As a trading company specialising in machinery parts and supplying many industries such as food processing, aerospace, packaging, pharmaceuticals and manufacture of PET bottles, Thalis Asia Pacific moved its office from Malaysia to Bangkok in 2002 with an initial capital investment of Bt4.1 million. It generated revenue of about Bt136 million last year. Vavasseur said Thailand was considered the most attractive destination for foreign firms to do business, particularly for service providers. Despite the political turmoil, Thailand's lower logistics costs, good basic infrastructure development and competitive labour costs continued to draw investors. For the entire article: http://www.nationmultimedia.com/home/2010/08/13/business/Thailand-still-attractive-base-for-foreigners-30135726.html Link to comment Share on other sites More sharing options...
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