Foreign investment prospects are expected to remain good this year, although business people have delayed their investments pending the establishment of a new government, according to the Industrial Estate Authority of Thailand (IEAT) and key business leaders.
The IEAT believes foreign investors will understand the new chapter of Thai politics, especially a shift to the Move Forward Party-led coalition government, said Veeris Ammarapala, the governor of the IEAT.
“Investors believe investment policies in Thailand will not change,” he told a forum on industry on Monday.
They want the new government to be set up as soon as possible as this is crucial for business confidence, said Mr Veeris.
According to the IEAT, investment in Thailand is expected to increase in the second half, partly driven by the decision of foreign investors to invest in Asean to avoid the…
