ID :
140501
Fri, 09/03/2010 - 10:10
Auther :
Shortlink :
http://m.oananews.org//node/140501
The shortlink copeid
Thai state and private-sector executives welcome court’s ruling on Map Ta Phut
BANGKOK, Sept 3 – Top officials and executives in Thailand's state and private sectors have voiced optimism that the investment climate will improve following the Central Administrative Court’s ruling that 74 of the 76 industrial projects at Map Ta Phut Industrial Estate suspended last year could resume operation.
Federation of Thai Industries (FTI) chairman Payungsak Chartsuthipol said the ruling will help eliminate investment regulation risks because investors could have clear guidelines for their investments.
He said FTI would go ahead with its efforts to promote the eco-friendly industries and believed investment confidence would be restored with applications for investment promotions likely to reach Bt500 billion.
Board of Investment Secretary-General Atchaka Sibunruang said investment opportunities in Thailand had recovered following the court’s ruling because private companies now have enough data to explain to investors clearly.
But whether the applications for investment promotions this year would reach Bt500 billion would be further monitored, depending on arrivals of new investors.
Vice Industry Minister Puthipong Punnakan said the court’s ruling would give investors clear guidelines for investment.
However, the court’s decision was made in a comprehensive manner. So, the Industry Ministry and state agencies concerned including the Natural Resources and Environment Ministry must jointly consider which projects are really allowed by the court to resume operation. (MCOT online news)
Federation of Thai Industries (FTI) chairman Payungsak Chartsuthipol said the ruling will help eliminate investment regulation risks because investors could have clear guidelines for their investments.
He said FTI would go ahead with its efforts to promote the eco-friendly industries and believed investment confidence would be restored with applications for investment promotions likely to reach Bt500 billion.
Board of Investment Secretary-General Atchaka Sibunruang said investment opportunities in Thailand had recovered following the court’s ruling because private companies now have enough data to explain to investors clearly.
But whether the applications for investment promotions this year would reach Bt500 billion would be further monitored, depending on arrivals of new investors.
Vice Industry Minister Puthipong Punnakan said the court’s ruling would give investors clear guidelines for investment.
However, the court’s decision was made in a comprehensive manner. So, the Industry Ministry and state agencies concerned including the Natural Resources and Environment Ministry must jointly consider which projects are really allowed by the court to resume operation. (MCOT online news)
