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News Forum - Credit agencies highlight Thailand’s EEC as key to industrial growth


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Credit rating agencies underscore the significance of Thailand’s Eastern Economic Corridor (EEC) project in advancing the nation’s industrial sector and boosting competitiveness, according to the Public Debt Management Office (PDMO). The public debt advisor for PDMO, Jindarat Viriyataveekul, indicated that credit rating agencies have been closely observing the EEC project’s progress for years due to … …

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They are not succeeding in the EEC - as one Thai spokesperson said some months ago (and was pushed back down) - we need more than beaches and girls to attract foreign investors.  The tax rates for workers are far too high - unless they pay for a special Visa. Meanwhile the other SEAsian countries are giving away special deals to the companies, and making it very easy for investments to be made (not taxed) and foreign workers are offered incentives - like not taxing their incomes at high European socialist country levels.  I was told a while ago when we stayed in Sri Racha for a while, that the Japanese there are grumpy because they view an 'appointment' in Thailand (Toyota Honda etc) as a downgrade - and that they dont like the tax rates - and dislike how poorly organised and built everything is - especially the roads and paths etc..  

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