Connect with us

Business

18 foreign companies receive licences to operate in Thailand – September

Avatar

Published

 on 

“Since January this year, 155 foreign companies have been granted licences to conduct business in Thailand.”

The Thai Department of Business Development has granted licences, during September, to 18 foreign companies to conduct business in Thailand.

The director-general Vuttikrai Leewiraphan says most of these companies are from Japan, Singapore and Hong Kong, employing 428 Thais and have an investment capital of more than 470 million baht, as well as technological know-how from their countries.

“Thailand is in need of technology transfer in the fields of off-shore rig engineering and decommissioning, petroleum drilling and safety, electrical and electronic systems for platform screen doors, agile software development, aerospace engineering, and more.”

“Among the 18 foreign companies which were granted licences, six are in business services – IT, accounting, financial, organisation development, while five are in consumer services: e-payment, e-recruitment software, equipment renting.”

“As for the rest, five are in private construction contracting and two in the retail business.”

The Nation reports, according to statistics from the department, since January this year, 155 foreign companies have been granted licences to conduct business in Thailand, generating more than 21 billion baht worth of investment.

Thailand has yet to liberalise its services sector to foreign companies, causing these investors to apply for licences to conduct businesses in specific fields first.

The sectors that a majority of foreign companies are interested in include engineering and construction of power plants and elevated train routes, petrol vehicles and equipment management and decommissioning, and resource survey satellite testing and technical support.

SOURCE: The Nation

18 foreign companies receive licences to operate in Thailand - September | News by Thaiger

PHOTO: Director-general Vuttikrai Leewiraphan of the Department of Business Development

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Thailand's largest online portal for news and information.

Follow Thaiger by email:

Koh Samui1 hour ago

Koh Samui unaccustomed to Covid-19, many act in dismay

Thailand3 hours ago

Bangkok Airways extends flight suspension to August 11

Thailand4 hours ago

7 Jomtien Beach curfew breakers arrested

Sponsored1 day ago

Experience Phuket’s Islands with 5 Star Marine

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Thailand5 hours ago

Buri Ram pig stable converted into gambling den: 22 arrests follow

Thailand6 hours ago

“Fake news” banned, Thai media say order infringes on freedoms

Phuket6 hours ago

Precarious Phuket: open internationally, closed domestically

image
Join the conversation on the Thaiger Talk forums today!
Best of6 hours ago

Top 5 tattoo parlours Bangkok

World6 hours ago

Duterte approves lockdown measures for Manila

Best of7 hours ago

The Best Pizza in Bangkok with Delivery

Thailand7 hours ago

Thailand News Today | worker camp woes, ‘fake news’ crackdown | July 30

Best of7 hours ago

Best Premium Hotel Buffets in Bangkok

Coronavirus (Covid-19)7 hours ago

CCSA considers extending restrictions in “dark red” zones for another 14 days

Thailand8 hours ago

Fake dead bodies used in Phuket protest, police plan real investigation

Best of8 hours ago

Top 5 adventure tours in Chiang Mai

Best of8 hours ago

Top 5 affordable hotels in Chiang Mai

Thailand5 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism5 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket5 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism5 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand6 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand6 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand6 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand7 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand7 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand7 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand7 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand7 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Trending