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The Industrial Estate Authority of Thailand (IEAT) and prominent business leaders expressed optimism about foreign investment in the country this year, despite delays due to the formation of a new government. IEAT Governor Veeris Ammarapala stated that foreign investors are expected to understand the evolving political landscape in Thailand, including the transition towards a Move Forward Party-led coalition government.

 

At a recent industry forum, Ammarapala said…

 

“Investors believe investment policies in Thailand will not change.”

 

Investors are eager for the new government to be established promptly, as it is crucial for maintaining business confidence. The IEAT anticipates an increase in investment in Thailand in the second half of the year, partially driven by foreign investors seeking to invest in the Association of Southeast Asian Nations (ASEAN) to mitigate the impact of geopolitical conflicts such as the Russia-Ukraine war and China-Taiwan tensions.

 

Full Story: https://thethaiger.com/news/business/thai-foreign-investment-outlook-positive-amid-political-shift

 

-- © Copyright Thaiger 2023-05-23

 

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13 hours ago, snoop1130 said:

The Industrial Estate Authority of Thailand (IEAT) and prominent business leaders expressed optimism about foreign investment in the country this year, despite delays due to the formation of a new government

What delays, it's early days yet.

45 minutes ago, hotchilli said:

What delays, it's early days yet.

Indeed.

The shift might be still in limbo.