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Political uncertainties hurt confidence – FTI


April 8, 2008

Political uncertainties hurt confidence – FTI

Thailand's political uncertainties have eroded investor confidence, and some have slowed their decisions to make new investments or to expand existing investments in Thailand, according to the Federation of Thai Industries (FTI).

FTI chairman Santi Vilassakdanont said the country's political woes had an influence on the country's economic expansion. In particular, it had undermined the confidence of investors in the Stock Exchange of Thailand and in the real estate and property sector.

Santi conceded some new investors are hesitant to invest upon hearing of the political situation in Thailand.

He said the political ambiguity had also worried some foreign investors who were expanding local production capacity and sales, because the problem could affect consumer confidence, which might lead to a decline in consumer spending.

Most producers had also adopted a wait-and-see attitude although their production capacity had already been lowered to 76-77 percent since they fear their products could not be sold.

Santi added that the Japanese are the investors who best understand Thailand's potential because they are unworried by the political situation as they have properly assessed the promotional possibilities from the Board of Investment (BoI) in advance to prepare for trade liberalisation.

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