Keep up the good work

In addition, roadshows aimed at attracting foreign investment have been an ongoing agenda for the PM and his team since taking office.

I am not saying that enough has been done, but so far international communities seem to greet our prime minister with optimism and trust, making it essential that he keep up the good work.

But what about internal factors that need to be looked at in order to facilitate investment, inducing foreigners to put their money here?

One short-term solution, "The Year of Investment 2009", was announced by the government earlier this week. A "one-start, one-stop service centre" is to be set up at Government House with the aim of boosting investors' confidence by freeing businessmen from red tape and providing smoother coordination with state agencies.

Thailand's measures to attract investment, including both tax and financial incentives, give the country a number of disadvantages when compared with rivals like Singapore and Malaysia. Not only this, but nagging problems like lengthy procedures when dealing with state agencies and high costs also crop up regularly in investor complaints. When competing for foreign investment in such an intense atmosphere, everything counts. So, it is very good to hear that the "Year of Investment" initiative has been relayed to officials, because it's about time that everyone played their role. I truly hope this initiative is not a "come-and-go" policy, but one that will be extended and detailed, to reach full effectiveness.

I have mentioned many times the multiplying effect the real-estate sector has on the rest of the economy. Following an increase in foreign investment there is an increase in the occupancy rate of rental apartments and homes. New apartments are built to cater for the newcomers that accompany foreign investment. Existing apartments might need refurbishment and touching up. Products ranging from steel, cement and paint to furniture and electrical appliances are purchased, pushing up local consumption. New executives also bring their families and this increases consumption as well.

So, let's hope the "Year of Investment" idea will not only be effectively implemented, but will also be further explored, because in the current economic circumstances every piece of the jigsaw is indispensable.