ID :
150475
Sat, 11/20/2010 - 12:21
Auther :
Shortlink :
http://m.oananews.org//node/150475
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Foreign chambers: members won’t move investment bases to other countries
BANGKOK, Nov 20 – Joint Foreign Chambers of Commerce in Thailand (JFCCT) chairman Nandor von de Luehe said its members will not shift their investment bases to other countries because they remain confident of Thailand’s growth potential, Industry Minister Chaiwuti Bannawat said Friday.
Speaking after meting JFCCT representatives, he said the JFCCT chairman cautioned the Thai government not to be complacent regarding the continued growth of the economic and industrial sectors
What foreign investors are concerned about now is the lack of stability of the Thai currency. They want the government to oversee the baht to boost its stability as much as possible, he said.
Mr Chaiwut said the Board of Investment (BoI) will consider ways to help entrepreneurs deal with the baht's volatility when it meets with Prime Minister Abhisit Vejjajiva and will consider improved privileges to be granted to small- and medium-size enterprises (SMEs).
It was the first time he had an opportunity to meet and discuss with BoI and JFCCT after assuming his ministerial post, he said.
More than 30 investors joined the discussion focusing on ways to cope with obstacles to business performance of foreign investors in Thailand such as difficulties in applications for temporary visas for tourism and investment, telecommunication problems, and unclear customers and tax systems.
He also told investors of progress in the government’s efforts to solve the environmental regulatory problems at the Mab Ta Phut industrial estate and improve investment promotion procedures and benefits for establishing Regional Operations Headquarters. (MCOT online news)
Speaking after meting JFCCT representatives, he said the JFCCT chairman cautioned the Thai government not to be complacent regarding the continued growth of the economic and industrial sectors
What foreign investors are concerned about now is the lack of stability of the Thai currency. They want the government to oversee the baht to boost its stability as much as possible, he said.
Mr Chaiwut said the Board of Investment (BoI) will consider ways to help entrepreneurs deal with the baht's volatility when it meets with Prime Minister Abhisit Vejjajiva and will consider improved privileges to be granted to small- and medium-size enterprises (SMEs).
It was the first time he had an opportunity to meet and discuss with BoI and JFCCT after assuming his ministerial post, he said.
More than 30 investors joined the discussion focusing on ways to cope with obstacles to business performance of foreign investors in Thailand such as difficulties in applications for temporary visas for tourism and investment, telecommunication problems, and unclear customers and tax systems.
He also told investors of progress in the government’s efforts to solve the environmental regulatory problems at the Mab Ta Phut industrial estate and improve investment promotion procedures and benefits for establishing Regional Operations Headquarters. (MCOT online news)
