Does Thailand want foreign investment?

Like many others, I have watched the developments concerning the government's proposed revisions to the FBA with a lot of anticipation.The portion of the proposed revisions which has caused the most resistance from foreign investors, as well as many Thais, concerns preferential voting rights for foreign shareholders of Thai-registered companies. Under the current rules, companies which are majority-held by Thais are allowed to give preferential voting rights to the company's minority foreign shareholders giving the foreign shareholders effective control of the company while still enabling the company to be legally classified as Thai-owned.