The commerce minister is confident that the new flood defense plan, which will be drafted by the end of this month, will be able to help boost foreign investor confidence and get them to continue to use Thailand as their production base. Deputy Prime Minister and Commerce Minister Kittirat Na Ranong said, after giving a speech on the role of sufficiency economy in the global economy and the government’s policies, that he is confident large foreign-owned factories will still want Thailand as their production base.
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New Flood Defense Plan Seen to Help Boost Foreign Investor Confidence
For 2009 as a whole, nonetheless, real GDP fell 2.3 percent despite a pick-up in consumption in the fourth quarter, external demand will be the main contributor to growth in the near term.
However, the upside is limited due to political and regulatory uncertainty, including from possible political violence and the Map Ta Phut court case. The government investment plan is proceeding at a slow pace, but public investment should contribute to growth.
‘‘The bigger Thai companies going on international road shows still stop in the US, Europe, Hong Kong and Singapore. But a few are also beginning to go to China and the Middle East as well,’’ Mr Wood said.
‘‘Institutional investors want to have the ability to get in or out of a stock without significantly influencing the share price.
Introduction The modern Thai Capital Market traces its origins back to the early 1960s. In 1961 Thailand implemented its first five-year National Economic and Social Development Plan to support the promotion of economic growth and stability as well as to develop the Kingdom’s standard of living. Following upon this, the Second National Economic and Social Development Plan (1967-1971) then proposed for the first time that an orderly securities market be established in order to mobilize additional capital for national economic development.
The creation of Thailand’s first officially sanctioned and regulated securities market was initially proposed as part of the Second National Economic and Social Development Plan (1967-1971). In outlining its proposal for the creation of a supervised securities market, the Second National Development Plan stressed that the market’s most important role would be to mobilize funds to support Thailand’s industrialization and economic development.
