Thai PM woos Hong Kong business sector to invest in Thailand

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HONG KONG, Feb 26 – Thai Prime Minister Yingluck Shinawatra today urged the business community in Hong Kong to invest in Thailand given the kingdom’s economic stability and a planned Bt2 trillion infrastructure development.

During a breakfast meeting with leading bankers and investors in the Hong Kong special administrative region, she reassured them of Thailand’s economic growth by 0.1 per cent to 6.4 per cent last year and a targeted expansion by 5-6 per cent this year.

Ms Yingluck emphasised what she called the “country strategy” which aims at developing Thailand’s competitive edge, investing in infrastructure, agricultural zoning, and promoting small- and medium-sized enterprises nationwide.

“The government plans to invest Bt2 trillion on fundamental infrastructure projects to elevate the country’s transport and logistics systems,” she said. “It will improve Thailand’s competitiveness and promote the kingdom’s connectivity with countries in the region and Hong Kong.”

With efficient airports and deep-sea ports, Thailand has become one of the world’s leading hubs for international transport, she said.

Ms Yingluck later paid a courtesy call on Hong Kong Chief Executive Leung Chun-ying during which the two leaders witnessed the signing of a memorandum of understanding on Thai-Hong Kong trade and economic cooperation.