Foreign investors waiting for detailed policies of new Thai government

BANGKOK, July 9 (TNA) - A commercial bank executive has acknowledged that foreign investors are waiting for detailed policies of the new Thai government in the wake of the country's new general election last Sunday, before making their decisions on new investment projects in the Thai economy.

Supak Sivarak President and Chief Executive Officer (CEO) of CIMB Thai Bank, said that foreign investors have reacted positively to the clear-cut outcome of Thailand's July 3 national poll although they have not yet decided to increase their investment in the Thai economy, as they are waiting for the detailed policies of the new government, led by the Puea Thai Party.

Supak urged the newly-elected administration to urgently solve people’s economic problems and rising inflation, as well as to maintain the stable growth of the Thai economy.

Meanwhile, Chartsiri Sophonpanich, Chairman of the Thai Bankers’ Association and President of Bangkok Bank, assessed that the newly-elected Thai government has proposed appropriate policies which should boost investors' confidence in the Thai economy and benefit lending programs of local commercial banks, as the national economy tends to be growing and attracting more investment projects. (TNA)