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Investor Confidence on the Rise |
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The Board of Investment (BOI), chaired by Deputy Prime Minister and Minister of Finance Somkid Jatusripitak released the results of their 6 th annual Foreign Investor Confidence Survey. |
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The survey, which is conducted in cooperation with the foreign chambers of commerce in Thailand, was undertaken in June and July of this year. Two thousand questionnaires were sent to foreign companies doing business in Thailand, and the BOI received 1,210 responses, with more than 50 percent of the responses coming from Japanese companies, with significant responses from investors from Taiwan, Singapore, and the United States. |
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BOI Secretary General Somphong Wahapna revealed that 60 percent of respondents found the investment environment in Thailand improved from last year, and noted that 74 percent indicated they have plans to expand their investment within 2-3 years (58 percent within 2002 alone). Companies planning to expand investment see Thailand as a high-potential site that offers real opportunities to improve global competitiveness of their manufactured products. |
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The current administration of Prime Minister Thaksin Shinawatra received high marks from investors, with 61 percent confident that the Thai economy would post growth of between two and four percent this year, and 77 percent expressed confidence in the administration's capability to solve economic problems. |
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The survey also revealed that 65 percent of respondents expected to post higher sales this year, with 50 percent expecting higher profits than last year. Only 6.6 percent of respondents indicated that their company would be unlikely to show a profit this year. |
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BOI Secretary General Somphong Wanapha said, "The BOI is greatly heartened by the results of the 2002 survey. The feedback from the international investment community provides us with valuable input regarding global investment trends, investor concerns, problems, and needs, and is part of our commitment to improve the overall investment environment in Thailand." |
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The interpretations and conclusions given represent those of the authors. They
do not necessarily reflect the view of the Royal Thai Government, its
departments or other related institutions.
Thailand Investor
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118/1 Rama 6 Road, Samsen Nai, Phayathai, Bangkok 10400
Tel. +66(0) 2357-3490, Fax. +66(0) 2357-3533
Copyright 2004, ThailandOutlook.com. All rights reserved.
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