Vol. VIII No. 33 - Tuesday
August 18 - August 24, 2009



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by Saichon Paewsoongnern


BUSINESS
HEADLINES [click on headline to view story]:

No foreigners found violating law on buying, renting farmland in Thailand

No foreigners found violating law on buying, renting farmland in Thailand

Concerned Thai officials will continue monitoring whether foreigners have violated law on buying or renting farmland to engage in agriculture in the Kingdom although initial investigation found that such a practice does not exist, Deputy Commerce Minister Alongkorn Ponlaboot said on Saturday.
Alongkorn said an investigation had been conducted in 20 provinces nationwide by Commerce Ministry Business Development Department officials and it was found that no foreigners had either bought or rented farmland over the limit set by law to continue farming in Thailand.
However, the ministry will continue monitoring the sector and seek cooperation from owners of agricultural land, and members of the Thai Farmers Association (TFA) for help in monitoring the activities of foreigners who may have entered into the business, he said.
Farming as an occupation is reserved for Thais only and the probe was conducted following an outcry by some farmers that foreigners have bought numerous plots of farmland here and hired farmers to provide the labor.
On Monday, the ministry will ask the Department of Special Investigation to continue probing whether foreigners have bought or rented farmland through business registration or a joint investment with Thais, said Alongkorn.
The ministry will also cooperate with TFA president Prasit Boonchuey in investigating the matter, he said. (TNA)



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