Sign up | Log in



Home  >>  Daily News  >>   Thailand News   >>  Investment  >>  Thai chamber warns of severe impact on investment from Map Ta Phut case

18 December 2009

Thai chamber warns of severe impact on investment from Map Ta Phut case

Related Stories

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

December 3, 2009
Thai court suspends 65 industrial projects

December 1, 2009
Thai conglomerate to go ahead with Vietnam petrochem project

November 26, 2009
Vietnam recorded $20bn FDI inflow in Jan-Sept 2009

October 30, 2009
Ho Chi Minh City attracts most FDI flowing intoVietnam

October 21 2009
UK invests $1.5m in Vietnam

Thailand's Chamber of Commerce (TCC) on Thursday expressed concern that the Thai economy will be severely impacted by a lack of confidence among foreign investors if the case of 65 suspended industrial projects in Map Ta Phut Industrial Estate is prolonged for over a year, national news agency TNA reported.

The Supreme Administrative Court earlier upheld suspending operations at 65 factories and industrial projects in the country’s largest industrial estate, in Rayong province, but 11 projects designed to reduce environmental impacts have received permission to continue operations.

Dusit Nontanokorn, chairman of the TCC and the Board of Trade, also urged the government to sort the problem out as soon as possible and clarify the Map Ta Phut investment suspension issue within four or five months.

He reasoned that if the problem remains unsolved for over a year, it will affect confidence of foreign investors, causing the country to lose a huge amount of investment fund, worth between 40-50 billion baht ($1.212-$1.515 billion) during the next five to ten years, while the Gross Domestic Product (GDP) will also shrink in the next ten years.

"I worry about the Thai economy in the next ten years," said Dusit. "If foreign investors do not have confidence to invest here, there will be no large investment projects. The government should solve this problem as soon as possible."

Dusit added that Thai business sector may also have to shift their large investment projects to other countries if problem remains unsolved, noting that the creation of the Asean Community in the next five years will allow a free flow of investment funding and labour within the region and Thai businesspeople may move their production base to other Asean countries.

Meanwhile, Prime Minister Abhisit Vejjajiva said that his government will speed up issuing regulations by the end of this year to enable the suspended Map Ta Phut industrial projects to resume operations.

The premier however said the government is also waiting for the advice of the four-party panel chaired by former prime minister Anand Panyarachun on how to assist the 65 suspended projects and speedily set up an independent body to further discuss unresolved differences.

He said all information must be ready so that the Cabinet will be able to consider the issue December 22.

Abhisit added that the unresolved problems and issues in the Map Ta Phut case will affect the industrial development in other areas, especially in southern region as planned by the government.


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

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand