BANGKOK, 22 February 2014 The caretaker Prime Minister Yingluck Shinawatra says Thailand is still attractive to foreign investors as it has a strong economic foundation.
The Thai Premier posted a message on her Facebook page, expressing her confidence that Thailand’s economy was still stable. She noted that according to the World Bank, the country ranked 18th in ease of doing business, among countries around the world.
A key factor contributing to making investment decisions, she pointed out, is confidence, adding that last year more than 2,200 projects requested promotion from the Board of Investment (BOI) and among those projects, half were direct foreign investments, which accounted for 524 billion baht altogether. This showed that the confidence index was still satisfactory, Miss Yingluck added.
She admitted however that this year’s political standoff has posed a threat to the country’s economy and its stability, as it is difficult for her and the cabinet to carry out their duties as a caretaker government.
