Thailand remains attractive to foreign investment
The majority of foreign investors operating in Thailand are bullish on the outlook of their operations, according to a survey by the Board of Investment.
Sixty three per cent of foreign investors operating in Thailand plan to maintain their investment during 2013-2014. Meanwhile, 34 per cent plan to expand their investment in the Kingdom.
Chokedee Kaewsang, deputy secretary-general of the BoI, said that among the investors planning expansion are those from Japan, China, and Europe.
No foreign investor indicate a plan to move out of the Kingdom, he said.
The foreign investor confidence survey also showed that the efficiency of the supporting sectors as well as abundance of raw materials is the first reason encouraging these companies to maintain or expand their businesses. Other supporting factors are the infrastructure and tax privileges from the BoI.
Foreign investors also viewed that compared to other Asean nations, Thailand has an advantage as a business hub. Thailand has won the 3.64 score (out of 5), being the second only to Singapore (3.79).
These investors also expected an improvement in revenue and profits from the operations in Thailand in 2013 and 2014.
The survey showed that 13.6 per cent of foreign companies here are interested in or plan to invest in other countries - chiefly Indonesia, Myanmar and Malaysia.