BANGKOK: -- German enterprises in Thailand said they are keen to invest and expand their businesses in this country, especially to take part in the Bt2-trillion infrastructure development project. However, they also maintained that corruption is unacceptable and should be seriously tackled under the law.
Karl-Heinze Heckhausen, president of the German-Thai Chamber of Commerce (GTCC), said as foreign investors in Thailand, German investors wanted to keep out of Thailand's politics. He said investors are still confident of doing business and investing here.
"A protest is a democratic way that shows people participation. I've no worries about the investment environment in Thailand, despite the recent protests. Of course, business people would prefer normal circumstances and any disagreement should be debated in the parliament," said Heckhausen
Asked about the corruption problem in Thailand, the GTCC president said that German investors do not accept it. They are very strict and comply with law and regulations. Corruption is a bad thing and German enterprises are very serious on the issue, he said.
Speaking during "Business Talk" organised at German Residence, Heckhausen also said that many German investors would like expand and make new investments in Thailand, especially under the Bt2-trillion project.
He said 10 German firms involved in technology, engineering and machinery and automobile industry would like to start new investment in the Kingdom. With Thailand's focus on infrastructure development, and being considered as a centre of Asean integration, Thailand could draw in more investment from Germany, he added.
However, Heckhausen expressed concern over the labour shortage in the country as it could not serve the demand for personnel of many foreign firms.
The shortage of qualified workers should be solved soon. German investors have also tried to train more young generation to become qualified workers.
Marc Saxer, resident director at Friedrich Ebert Stiftung, said that many foreign investors, including Germans, remained highly concerned about Thailand's political situation. The current problem is not new for them, but it still destroys the investment environment for Thailand.
Investors hope the problem will be resolved in a short period, he said.
German Ambassador to Thailand Rolf Schulze said many German investors would like to invest in Thailand.
He said the German government and German businesses are eager to stay engaged with Thailand. Some German companies may even decide on major new investment in Thailand soon. This would be an additional sign of trust in the future development of this country, he said.
At present, nearly, 600 German companies are based and active in Thailand.
Some of Our Investment Properties:
150 M from the Beach
9 Room Guesthouse with Staff Quarters
Land Area: 325 T. Wah = 1,300 Sq. Meters
Room For Pool or Second Building
Rooms Rent for 700 - 1,000 THB per Night
On site Laundry & Kitchen
Restaurants & Spas Nearby
Price REDUCED: 9 M THB [convert]
(Cha-am Comm Page 84)
Main Road Frontage
41 Rai = 6.56 Hectares - Full Chanote
108 Meter Absolute Beach Front
Filled & Ready to Build On
Municipal Water & Electric in Place
Private Road from Main Road Almost to Beach
Price: 1.435 Billion THB [convert]
(Hua Hin Beach Land Page 50)
300 M Main Road Frontage
Railway Frontage - Natural Water Source
72 Rai 20 T. Wah = 11.53 Hectares
Full Chanote Title Deeds
Water, Electric & Internet Lines in Place
Price: 417.6 Million THB [convert]
(Listed Under Cha-am Land Page 337)
Short Drive to Golf, Shopping & the Beach
9 Furnished Studio Rental Units
200 T. Wah = 800 Sq. Meter Land Plot
Full Chanote Title Deed
Located in a Resort
Swimming Pool -Restaurant
Units Rent for 800 - 1200 THB per Night
Price: 4.6 Million THB [convert]
(Cha-am Commercial Property Page 18)
BANGKOK: -- Most consumer goods and foods will be cheaper next year following a drop in the prices of crops and raw materials in the world market, according to the Internal Trade Department.
Director-general Somchart Soithong said last week that although the government's freeze on prices of commodities would end this year, it was not a great concern, as prices of raw materials have continued to decline till now.
According to the department's survey, prices of ingredients such as palm oil, fruits and vegetables, and meat have fallen because supply is plentiful, he said.
The prices of steel, tin plate, chromium, copper and petrochemicals have also eased in the global market, so many products made from those materials should see lower prices in the near future.
A shampoo producer will lower its retail price soon, while a soybean sauce producer
has asked for a price increase. However, the department has asked for the company's cooperation to hold off for a while.
The department is studying the cost structure for soy sauce to decide whether to allow a price hike next year.
Also, to ensure that price changes will be based on fair practice, the department is rechecking and studying the cost structure for 205 foods and consumer goods.
With many factors changing, the department needs to update its information on the costs of raw materials and manufacturing so that it could calculate fair and reasonable profits for producers.
Currently 205 goods including foods, essential products, electric appliances and farm equipment are under scrutiny.
Some of the 43 products on the price control list might be changed, as some products have become necessities for daily living.
To curb the cost of living, the department also plans to increase the number of street food vendors from the current 6,000 that are cooperating with the Commerce Ministry's Blue flag project to sell cheap dishes for consumers, he added.
This blog is about buying property and living in Thailand.