ID :
82238
Tue, 09/29/2009 - 11:34
Auther :
Shortlink :
http://m.oananews.org//node/82238
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Business publisher Forbes upbeat on Thai economic recovery
KUALA LUMPUR, Sept 29 (TNA) – The Thai economy is set to definitely recover as a result of the Thai government’s determination to cope with the economic challenges facing the country, even as political uncertainties remain a key deterrent to investment confidence, according to a leading business media publisher.
Speaking of Thailand’s economic conditions after a press conference held to introduce the Forbes Global CEO Conference in the Malaysian capital, Steve Forbes, chairman and CEO of Forbes Media, said he was confident of the Thai government’s competence to bring the country into economic recovery.
Thailand’s ongoing political uncertainties, however, remain a key obstacle to restoring investor confidence, he said.
The Thai government must attempt to assure foreign investors of its ability to contain problems arising from political divisiveness.
Should the government manage to restore investor confidence, he said, it is very likely the Thai economy will recover.
Mr. Forbes also expressed confidence that Asian countries will play a leading role in stimulating the global economy.
He said Malaysia is a suitable location to hold a meeting to exchange views on ways to return the global economy to recovery because the country is well-prepared with strategic planning on technology and development.
Publisher Forbes said he hoped the US economy would begin to recover next year after experiencing its financial crisis, which has had an adverse impact on the global economy.
Malaysia’s International Trade and Industry Minister Mustapa Mohamed said that the Global CEO Conference, co-sponsored by the Malaysian government, attracted some 450 delegates--successful CEOs, industrialists, academics and prominent business leaders from around the world. (TNA)
Speaking of Thailand’s economic conditions after a press conference held to introduce the Forbes Global CEO Conference in the Malaysian capital, Steve Forbes, chairman and CEO of Forbes Media, said he was confident of the Thai government’s competence to bring the country into economic recovery.
Thailand’s ongoing political uncertainties, however, remain a key obstacle to restoring investor confidence, he said.
The Thai government must attempt to assure foreign investors of its ability to contain problems arising from political divisiveness.
Should the government manage to restore investor confidence, he said, it is very likely the Thai economy will recover.
Mr. Forbes also expressed confidence that Asian countries will play a leading role in stimulating the global economy.
He said Malaysia is a suitable location to hold a meeting to exchange views on ways to return the global economy to recovery because the country is well-prepared with strategic planning on technology and development.
Publisher Forbes said he hoped the US economy would begin to recover next year after experiencing its financial crisis, which has had an adverse impact on the global economy.
Malaysia’s International Trade and Industry Minister Mustapa Mohamed said that the Global CEO Conference, co-sponsored by the Malaysian government, attracted some 450 delegates--successful CEOs, industrialists, academics and prominent business leaders from around the world. (TNA)
