ID :
169656
Mon, 03/21/2011 - 11:31
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Shortlink :
http://m.oananews.org//node/169656
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Thai Finance Minister expects continuation of economic policies
BANGKOK, March 21 (TNA) -- Finance Minister Korn Chatikavanij has called for continuation of current economic policies despite the upcoming general election.
In the 5th “Euromoney Thailand Investment” forum that drew a number of foreign investors Monday morning, Korn called on foreign investors in Thailand to have confidence in the economic policies of his government. He said the next government was unlikely to change the policies, to ensure that ongoing projects continue to progress. He added to this that, foreign investors typically want governments to ensure consistent economic policy and that they are satisfied that the Thai Government's approach has led to stability and allowed the value of the Baht and the stock market to genuinely reflect economic conditions.
Regarding the impacts of the earthquake in Japan, the finance minister commented that it would temporarily affect the number of Japanese visitors to Thailand and tourism in Japan. The situation may be beneficial as more foreign travelers may visit Thailand. From a long-term point of view, Japan should increase its overseas investment and there should not be any negative impact on Thailand.
With regard to the rehabilitation of Japan, despite huge public debts, Japanese people and the Japanese government still have considerable savings and will therefore be able to seek the loans needed to rehabilitate their country.
Korn considered attacks by the United States and western countries on Libya as a short-term risk. He thinks that they may compound the fluctuations of oil prices and that Thailand, as an oil importer, will feel negative impacts. He confirmed that his government was monitoring the situation in the Middle East closely and using its State Oil Fund to keep the diesel price stable. (TNA)
In the 5th “Euromoney Thailand Investment” forum that drew a number of foreign investors Monday morning, Korn called on foreign investors in Thailand to have confidence in the economic policies of his government. He said the next government was unlikely to change the policies, to ensure that ongoing projects continue to progress. He added to this that, foreign investors typically want governments to ensure consistent economic policy and that they are satisfied that the Thai Government's approach has led to stability and allowed the value of the Baht and the stock market to genuinely reflect economic conditions.
Regarding the impacts of the earthquake in Japan, the finance minister commented that it would temporarily affect the number of Japanese visitors to Thailand and tourism in Japan. The situation may be beneficial as more foreign travelers may visit Thailand. From a long-term point of view, Japan should increase its overseas investment and there should not be any negative impact on Thailand.
With regard to the rehabilitation of Japan, despite huge public debts, Japanese people and the Japanese government still have considerable savings and will therefore be able to seek the loans needed to rehabilitate their country.
Korn considered attacks by the United States and western countries on Libya as a short-term risk. He thinks that they may compound the fluctuations of oil prices and that Thailand, as an oil importer, will feel negative impacts. He confirmed that his government was monitoring the situation in the Middle East closely and using its State Oil Fund to keep the diesel price stable. (TNA)
