Pattaya Daily News

03 July 2009 :: 17:07:58 pm 3343

Investors Concerned by Political Instability

Most foreign investors remain worrying about political uncertainties in Thailand because it could disrupt an implementation of various investment projects, according to Stock Exchange of Thailand (SET) president Patareeya Benjapolchai.
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Bangkok, the 3rd of July 2009 [TNA]: Revealing the result of road shows in Boston, New York and London at a “Thailand: Strength in Global Adversary” function June 24-29, she said the investment promotion had attracted 86 investors from 74 companies with combined investments worldwide of more than Bt6.8 trillion.

Mrs. Patareeya said most investors enquired about the political situation in Thailand as they are concerned whether investment projects would be implemented as scheduled if political uncertainties still persist.

To ease their concern, Deputy Finance Minister Pradit Phataraprasit, who participated in the promotional events, explained that the government’s economic stimulus measures and other schemes had already passed their formal readings in the House of Representatives.

Mr. Pradit assured South Korean investors that the economic policy adopted by the Thai government would contribute to the economic growth.

With the application of the government’s economic stimulus package, it is projected that Thailand’s gross domestic product (GDP) will grow 4.1 per cent next year, 5.2 per cent in 2011, and 5.5 per cent in 2012, Mrs. Pattareeya quoted Minister Pradit as saying. (TNA)

Reporter : Methawee   Photo : Methawee   Category : Business News

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