Altogether 25 foreign companies - mainly in logistics and transportation development - were approved last month under the Foreign Business Act to set up businesses worth Bt739 million.
Banyong Limprayoongwong, director-general of the Business Development Department, said the companies included Chun Wo Construction and Engineering from Hong Kong, which will |complete a rural section of a train route from Bang Sue to Taling Chan, and DB International from Germany, which will act as a consultant on the train operation between Suvarnabhumi Airport and city stations.
Another was Comfort Management and Technology (Thailand), majority-owned by a Singaporean, which will do business in checking, inspecting, designing and developing energy systems in buildings.
Those companies were approved by the Foreign Business Committee on January 27.
Banyong said approvals dropped 21 per cent to 213 last |year. Since the enforcement of the Foreign Business Act in 2000, 2,394 foreign companies had |been approved, bringing Bt32.8 billion of foreign exchange into |the country.
