Sign up | Log in



Home  >>  Daily News  >>   Thailand News  >>  Investment  >> Thai central bank sees economy affected by industrial estate case

23 December 2009

Thai central bank sees economy affected by industrial estate case

Related Stories

December 21, 2009
Thailand monitors air quality around Map Ta Phut

December 19, 2009
Environmental Deadlock:
Thailand to clarify Japanese investors on Map Ta Phut issue

December 18, 2009
Thai chamber warns of severe impact on investment from Map Ta Phut case

December 16, 2009
Project suspensions at Thai industrial zone discourage investors

The suspension of investment projects in the Map Ta Phut Industrial Estate will definitely affect the Thai economy next year, but how extensively it will impact depends on the government’s competence in establishing clear-cut investment rules, according to the Bank of Thailand (BoT).

“The government must have clarity on investment regulations and timing for addressing the problem because the private sector wants a clear policy so that they can establish the investment plan,” national news agency TNA quoted BoT Governor Tarisa Watanagase as saying.

She said the Monetary Policy Committee would revise its estimate of impacts from the investment suspensions on the Thai economy at its January 13 meeting since the situation had changed.

Earlier, the MPC estimated the Map Ta Phut case would reduce Thailand’s economic growth by 0.5 percent next year.

Speaking of economic conditions in 2010, the BoT chief said that the budget disbursements under the 2nd phase economic stimulus program should be monitored as to whether it meets the targeted amount.

Should the disbursements miss the mark, it would impact the short- and long-term economic stimulus packages and the government’s tax collection in the future.

She predicted loans extended by commercial banks will expand next year if the private sector would pursue the government’s plan to invest in various projects.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand