Prayut soothes FDI jitters !!!

 

 

Prime Minister Prayut calls for foreign investors not to leave

 Thailand at Wednesday's seminar. He promised his policies would

 last long after his government stepped down.

 (Photo by Somchai Poomlard)

Prime Minister Prayut Chan-o-cha has assured foreign investors

 that Thailand's policies will be designed to support long-term

 investment even though his government is due to step down

 in the near future. The Thai government will do everything

 within its means to support foreign direct investment (FDI),

he said.

 Gen Prayut was speaking yesterday at a seminar entitled

"Our Economy: Building for the Future" hosted by
 After extending several measures and privileges to foreign

 investors, the government believes most of them already

present for years will stay, he said.

However, Gen Prayut remains concerned that new investors

 may be reluctant to invest here. "Please be assured this

government will do everything to help support your business

here," he said.

Japanese view: Waiting for the big picture

 Gen Prayut said even though his government would step down

 sometime in the next few years, all the policies had been

 designed with long-term support in mind.

 "Please be confident about our policies and kindly give us time

 to put the country's economy in order so as to pass through

 the transition period safely and successfully," he said.

The prime minister said new measures aimed at facilitating FDI

included the cluster scheme, special economic zones and huge

 infrastructure megaprojects.

 Members of the audience praised Gen Prayut's remarks and

 expressed optimism about investing further in Thailand.

 

Rolf-Dieter Daniel, president of the European Association for

Business and Commerce in Thailand, said European investors

 felt more confident about Thailand since the country had

 improved the business atmosphere.

 Investment growth in Thailand has dropped slightly this year

 due largely to the weak global economy, which has deterred

local investment expansion and hurt Thailand's competitiveness.

 

 However, Mr Daniel said European investors still opted to

 invest in Thailand for the long term.

 He admitted minor problems regarding intellectual property

remained and urged the government to address this issue for

 the sake of increased research and development activities.

 The government should also provide financial support to small

and medium-sized enterprises, which would in turn serve to

support the economy in general, Mr Daniel said.

 "The cluster policy is also a good step towards attracting

 high-growth industries," he said.

 "However, it's not going to help very much. It would be so much

 easier and faster to promote the service industry."

 JFCCT chairman Stanley Kang said his group supported the

 government's policies and expected they would eventually lead

to increased investment.

 "After listening to [Gen Prayut's] briefing, the JFCCT will

 submit investor and business's comments on the policies to

 the government by the end of November," he said.

"These will reflect investors' opinions on the policies."

Business,Business News,Bangkok Post, 26 November 2015.

 

Hope the cooperation between the government and the

 Joint Foreign Chambers of Commerce in Thailand (JFCCT)

can maintain the present investors and stimulate more new

investors in the near future.

 

Glad that the government plan is serve for the long term also.

 

Sincerely Yours.