Private sector seeks to ease investor concerns

The private sector's Joint Standing Committee on Commerce, Industry and Banking is seeking to restore investor confidence following the bomb blasts in Bangkok by meeting foreign business operators.
The mission is to explain the security situation and to sound out operators on what the government should do to restore confidence, its chairman Pramon Sutivong said yesterday. Meanwhile, three private business associations will send circulars to members nationwide to raise their awareness of possible bomb attacks. Santi Vilassakdanont, chairman of the Federation of Thai Industries (FTI), said that as part of its effort to restore confidence among foreign investors, it planned to meet representatives from the Japan Chamber of Commerce and the Japan External Trade Organisation on Friday. The conclusion from this meeting will be proposed to the National Legislative Assembly at the end of this month, he said. He will also consult the Japanese about measures to control bombings because they have experience in facing such attacks. The Thai Chamber of Commerce and Board of Trade will talk to the International Chamber of Commerce tomorrow and members of the Thai Chamber of Commerce on Monday, said Pramon. Meanwhile, the Thai Bankers' Association has established a team to operate security measures with all banks in the Kingdom, including providing information for foreigners at currency exchanges. On the issue of baht appreciation, secretary-general of the Thai Bankers Association Tawatchai Yongkittikul said the association was supporting the Bank of Thailand's 30-per-cent reserve requirement, adding that the measure had effectively pulled down the baht against the US dollar.
Chalida Ekvitthayavechnukul The Nation
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