Wednesday, November 25, 2020

Foreign investors ‘confused by emergency rule’

Oct 16. 2020
Thai Chamber of Commerce chairman Kalin Sarasin
Thai Chamber of Commerce chairman Kalin Sarasin
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By The Nation

Foreign investors need more details of what they can or cannot do in Thailand under the state of emergency imposed on Thursday, said Thai Chamber of Commerce chairman Kalin Sarasin.

He added that foreign investors had inquired whether they can go ahead with holding seminars and meetings in Thailand, after the emergency ban on gatherings was imposed on Thursday.

Chambers of commerce in the provinces had also asked him if they will be able to continue with planned activities, he said.

He added that it would take a few days to judge whether emergency rule will hit foreign-investor confidence. He believes the economy could escape damage from political turmoil if the anti-government protests end soon.

Meanwhile, Japanese faith in Thailand remains high, according to Japan External Trade Organisation (Jetro) president Atsushi Taketani.

Japanese investors were still confident in Thailand and remain committed to driving its economy regardless of current political situation, he said.

The country’s core economic policies – including development of the Eastern Economic Corridor – would not be affected by escalating political protests, the Industrial Estate Authority of Thailand said on Thursday.

Attapon Jirawatjanya, deputy governor of the authority, predicted that ongoing anti-establishment protests would be a short-term problem.

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