Thailand risks lagging behind Malaysia, Vietnam and even Indonesia for investment competitiveness if obstacles are not smoothed over, warns the former senior country officer and managing director for JPMorgan Thailand.
ML Chayotid Kridakorn, now the personal adviser to Deputy Prime Minister Supattanapong Punmeechaow, said these other countries are making good progress in upgrading their investment competitiveness by amending their laws and regulations to entice foreign investment.
“Indonesia, which had been inactive for several years, is now making great strides to improve its laws and regulations to draw foreign investment,” he said.
Indonesia improved its investment criteria, allowing foreign investors to hold a 100% stake in many businesses as well as buy property.
ML Chayotid is also the head of an ad hoc committee established by the government in February…
