BANGKOK, Nov 16 (TNA) – Most foreign investors have affirmed their intention to maintain investment in Thailand and some are pondering expanding their investment in the country, according to the Board of Investment (BoI).
BoI Secretary-General Atchaka Sibunruang said a survey was made under the study and analysis project on foreign investor confidence in Thailand for 2009 with 576 companies responding to questionnaires sent to them during April-June 2009 asking for their views on investment in Thailand.
The survey found 60 per cent of the respondents said they would still retain their investment in Thailand at the same level as before, 25 per cent said they planned to expand their business in some degree, with 5 per cent preparing to aggressively expand their investments.
The main reasons behind their decision on investment expansion in Thailand include an appropriate level of wages, incentives and investment promotions offered by the BoI, availability of basic infrastructure, skilled labour, and supporting industries.
However, 8 per cent of the respondents said they planned to downsize their investment in Thailand slightly and around 3 per cent might consider a significant downsizing.
The main reasons behind the planned downsizing include the global economic
recession, political instability in Thailand, lack of transparency in the performance process of the state sector, and economic uncertainties.
The survey revealed that the foreign investors wanted BoI to improve their business performance-related services such as liaison with state agencies namely the Customs Department and Revenue Department. (TNA)
Business News : Last Update : 08:55:29 17 November 2009 (GMT+7:00)
|
