Foreign investors confident in Thailand

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Foreign investors confident in Thailand
By Digital Content



BANGKOK, July 18 -- Ninety-eight per cent of foreign investors are still confident in Thailand and are eyeing possible expansion of their investments, according to a recent survey by the Board of Investment of Thailand (BoI).

Secretary-General Udom Wongviwatchai said the survey conducted among 600 firms, including many without BoI promotional privileges from BoI showed that 74 per cent of the total respondents planned to maintain their investment level in Thailand, while 24 per cent planned to expand their investment.

He said only two per cent of respondents considered lowering investment here and none thought of relocating investment elsewhere.

Significant factors inducing foreign investors to either maintain or expand investment in the kingdom are availability of outsourcing production firms, abundant raw materials, confidence in the country’s basic infrastructure, convenience of funding sources and wage appropriateness which is second highest after Singapore in the Association of Southeast Asian Nations bloc, said Mr Udom.

According to the survey, industries which foreign investors want to invest more in Thailand are metals, machinery and transport equipment, electronic and electric appliances.

Kriengkrai Thiennukul, vice chairman of the Federation of Thai Industries, said that there were signs of investment improvement during the second half of 2014 due to improved confidence of both Thai and foreign investors due peace prevailing in the country now.

Thailand’s economy during the second half this year could expand 4.2 per cent while the average economy during the 2014 calendar year could grow between 2-2.2 per cent, Mr Kriengkrai added. (MCOT online news)


-- TNA 2014-07-18

[scotbeve]

Who actually believes this dribble?

[IamNoone88]

I contacted the BOI one month ago and they still have not responded to questions (they must be busy). Even Thai companies seem to be looking to invest abroad, so where this comes from, is a mystery to me. If you call any other government investment or tax authority you have an intelligent answer and often within 48 hours.

[fobuff]

[joecoolfrog]

Maybe some Chinese investment but otherwise this is just more Junta Propaganda , rocky road ahead methinks for the Thai economy.

[BudRight]

Why is it every-time someone passes a gall stone in the Middle East, oil futures soar, but Thailand can have tourism tank, the baht plunge, credit defaults rise, spending drop and yet everything is cheery?

[HiSoLowSoNoSo]

That 98% are confident when the country is under martial law is just more propaganda.