The new coronavirus outbreak, which has spread to 56 provinces in less than a month, is threatening to affect short-term investment in Thailand as it is sapping business confidence, says the Industrial Estate Authority of Thailand (IEAT).
Yet the IEAT remains firm on its plans to develop a new industrial area in the red zone province of Chon Buri.
As daily infection rates remain volatile, including newly-found cases in factories, this has lead the state to impose travel restrictions and order some businesses to shut, so Thai industry is beginning to undergo subsequent impact amid these developments.
The pandemic is dealing a blow to businesses, IEAT governor Somchint Pilouk said yesterday.
The surge of infections, which began to emerge around the middle of December, came just as the IEAT is preparing to co-develop a new industrial estate in Chon Buri, one of five…
