(07/09/2012)
Japanese investors have shown satisfaction with Thailand’s water management plans and remained confident in the country’s good potential as an ideal investment base.
Representatives of Thai and Japanese public and private sectors met recently to ease obstacles to business operations between the two countries under the Japan-Thailand Economic Partnership Agreement.
The Secretary-General of the Office of the Board of Investment (BOI), Mrs. Atchaka Sibunruang, said that, during the meeting, BOI and the Industrial Estates Authority of Thailand had explained the Thai government’s assistance measures to stimulate investment following the flood crisis in 2011, when Thailand suffered a great loss.
She stated that Thailand and Japan had worked closely together to tackle investment problems and that Thailand had received a positive response from Japan, even when it faced severe floods in late 2011.
Mrs. Atchaka also revealed results of a survey on confidence of foreign investors in Thailand in 2012. The survey was conducted among more than 400 business people investing in Thailand, together with in-depth interviews.
The survey shows that most foreign investors, at 65 percent, still maintained their investment levels in Thailand, while another 31.6 percent are planning to expand their businesses here in 2012. One of the reasons is that they are satisfied with promotional privileges offered by BOI. Thailand is also attractive because it has sufficient infrastructure and a skilled and cost-effective labor force.
When compared with other nations, such as its neighbors, China, and India, Thailand has an edge over other countries, as it is located at the center of Southeast Asia. Foreign investors are confident in doing business here because of specific reasons, such as strong government support.
In her speech at the recent American Chamber of Commerce gala dinner in Bangkok, Prime Minister Yingluck Shinawatra said that Thailand is planning major investment projects in this region, such as flood prevention programs and a high-speed train system.
Although several sectors were concerned about possible floods in the 2012 rainy season, the Prime Minister reaffirmed that the Government had worked hard to prevent the kind of natural-disaster-related damage that worried the business sector. In the short-term plan, the Government established a single command center to manage water and help prevent the flooding situation.
As for a long-term plan, the Government is now working on water management projects, open to both Thai and international firms. The Prime Minister added that Thailand’s strategic position can turn the country into the main door to trade and investment markets from the world to the ASEAN region.
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