ID :
132897
Thu, 07/15/2010 - 08:31
Auther :
Shortlink :
http://m.oananews.org//node/132897
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Foreign investors expand stake in Thailand, says PM
BANGKOK, July 15 – Prime Minister Abhisit Vejjajiva on Wednesday said that foreign investors have continued their plans to expand their stakes in Thailand, despite investment problems in the Map Ta Phut Industrial Estate.
The premier discussed his assessment in his keynote speech delivered at a seminar “The Prime Minister Meets Japanese Investors” held by the Thailand-Japan Association and the Japanese Chamber of Commerce to keep more than 300 Japanese and Thai businesspersons informed regarding the Thai government’s policy, political situation, and economic situation and Thailand's overall prospects.
The Japanese remain the top investors in Thailand in terms of their investment volume, he said, adding that Thai economic fundamentals are rather strong given the sound growth rate in many areas.
Tourism business is the main sector adversely affected by the recent political crisis.
Mr Abhisit said Thailand’s economic stability in the medium and long terms measured by reserve capital, currency exchange rate, and the inflation rate remains manageable.
He conceded the post-political rally activities such as the rescue measures for affected businesses and investigations into the incident would proceed as planned, as do efforts to resolve the investment suspensions in Map Ta Phut.
It is expected doubts and uncertainties on these matters would ease by the end of this year.
Mr Abhisit said Japanese and foreign investors are not discouraged by the Map Ta Phut problems as they still move ahead with their plan to
expand their investment stakes in Thailand.
The premier told Japanese investors that the Thai economy is likely to grow 6 per cent this year while the International Monetary Fund projected the economy would expand 7 per cent.
To meet the projection, he said, the government must accelerate implementing its state-supported investment projects and rehabilitating the tourism sector. (MCOT online news)
The premier discussed his assessment in his keynote speech delivered at a seminar “The Prime Minister Meets Japanese Investors” held by the Thailand-Japan Association and the Japanese Chamber of Commerce to keep more than 300 Japanese and Thai businesspersons informed regarding the Thai government’s policy, political situation, and economic situation and Thailand's overall prospects.
The Japanese remain the top investors in Thailand in terms of their investment volume, he said, adding that Thai economic fundamentals are rather strong given the sound growth rate in many areas.
Tourism business is the main sector adversely affected by the recent political crisis.
Mr Abhisit said Thailand’s economic stability in the medium and long terms measured by reserve capital, currency exchange rate, and the inflation rate remains manageable.
He conceded the post-political rally activities such as the rescue measures for affected businesses and investigations into the incident would proceed as planned, as do efforts to resolve the investment suspensions in Map Ta Phut.
It is expected doubts and uncertainties on these matters would ease by the end of this year.
Mr Abhisit said Japanese and foreign investors are not discouraged by the Map Ta Phut problems as they still move ahead with their plan to
expand their investment stakes in Thailand.
The premier told Japanese investors that the Thai economy is likely to grow 6 per cent this year while the International Monetary Fund projected the economy would expand 7 per cent.
To meet the projection, he said, the government must accelerate implementing its state-supported investment projects and rehabilitating the tourism sector. (MCOT online news)
