Foreign business confidence runs low in UTCC survey

The overall sentiment of foreign businesses operating in Thailand remains relatively low, with rising unemployment, tight liquidity, the country’s political stability and economic prospects topping their concerns.

According to the new foreign business confidence index (FBCI) that gauges foreign business sentiment in Thailand conducted by the University of the Thai Chamber of Commerce (UTCC), foreign business confidence stood at only 29.8 on a full scale of 100 points in the fourth quarter of last year.

The foreign business confidence index sampled 119 companies under 30 foreign chambers of commerce operating in Thailand, questioning them on two main areas: Thailand’s economy and their own business confidence.

There are 40 foreign chambers of commerce in Thailand covering a total of 8,470 companies.

According to Thanavath Phonvichai, the UTCC president, foreign…