|
|
|
|
Home »
Thailand
» 25.04.09 Foreign investors still keen to invest in Thailand |
|
|
| | |
|
 | |  |
|
25.04.09 Foreign investors still keen to invest in Thailand
Source: TNA
LONDON, April 25 (TNA) - Despite economic sluggish and political
turmoil in Thailand, most foreign investors are still willing to invest
in this country as they watch the government’s policy and see how it
solve problems prevailing in the country first, according to Thai
Finance Minister Korn Chatikavanij.
In his speech during an
investor roadshow in London on Thursday and Friday, Mr. Korn told
investors from 30 institutions commanding about US$1 trillion that
Thailand is now impacted by the global economic slump which has
impacted its exports.
Current political unrest in Thailand
has deteriorated tourism industry and consumer confidence, he said.
However, Thai monetary sector remains strong because non-performing
loans of the banking system stays at less than 6 per cent of total
assets.
The Thai finance minister said that foreign investors
believed that Thailand’s economy should recover faster than many other
countries due to its strong economic fundamentals and monetary
stability, and that Thailand should become more attractive for
investment if the government succeeds in implementing political reforms
and economic policy.
Mr. Korn said foreign investors were
interested in the Thai government’s plans to invest in mega-projects
and inquired regarding funding sources for these projects.
He
told them that Thailand preferred to borrow from domestic financial
institutions because of their high liquidity -- now Bt1.4 trillion --
while overseas debts stand at only 12 per cent of the public debt.
Domestic or foreign borrowings are not obstacle to Thai government’s plans on investment, he said.
After
the road show in London, Mr. Korn travelled to Washington, DC to
attend a World Bank meeting, meet American investors and call on U.S.
Treasury Secretary Timothy Geithner to exchange views on ways to tackle
economic problems. (TNA)
| |
 | |  |
| | |
|
Other Recent Articles from the Thailand Category:
| |
| | |
|
|
|
|
|
|
01.12.08 Thirty stranded aircraft leave Suvaranbhumi
|
|
|
|
|
