Unresolved Map Ta Phut situation will affect investor confidence

By k on December 17, 2009

BANGKOK, Dec 17 (TNA) – The suspension of 65 investment projects in the Map Ta Phut Industrial Estate, if not solved tangibly and quickly, will affect investor confidence and may lead to a shift of investment into other countries, according to Stock Exchange of Thailand (SET) president Patareeya Benjapolchai.

She said the unresolved status would make Thailand lose an opportunity to expand business, and advised that all parties concerned should jointly discuss and find an appropriate way to address the problems.

Major companies are ready to cooperate to solve the woes if there are clear regulations or guidelines.

Mrs Patareeya predicted that profits earned by listed companies next year will improve because their earnings would grow in the same direction of the economy, which is expected to expand 3-3.5 per cent.

However, there are risk factors to the earnings estimate that need to be closely monitored. Normally, profits earned by listed companies as a whole will grow more than the gross domestic product (GDP).

“We believe everything will improve next year because the global economy has already bottomed out. Still, we must be well-prepared for undesirable events, which can occur from time to time.

“We also want the Map Ta Phut problems to be solved urgently in order to restore investor confidence,” she said. (TNA)

French trade minister affirms investor confidence in Thailand BANGKOK, Dec 15 (TNA) – French Minister for Foreign Trade...
Thai bourse index likely to rally to 812 late next year: survey BANGKOK, Dec 25 (TNA) – The Stock Exchange of Thailand’s...
Security act invocation to affect confidence in short run: Thai central bank BANGKOK, March 10 (TNA) – The Cabinet decision to Implement...
Index plunge stems from consolidation BANGKOK, Jan 23 (TNA) – The Stock Exchange of Thailand...
SET joins with Tisco, Deutsche Bank for road show in London BANGKOK, June 30 (TNA) – The Stock Exchange of Thailand...

Related posts brought to you by Yet Another Related Posts Plugin.

Readers Comments

Business News »

Loan clients urged to be well-prepared for higher finance costs

July 16, 2010

BANGKOK, July 16 – Loan customers, particularly small- and medium-size enterprises (SMEs), must have well-prepared business plans to cope with higher financial costs in the face of an upward interest trend, according to the Kasikorn Research Center (KRC), a leading Thai financial think tank. Kasikorn said that major domestic commercial banks had begun raising the [...]

Bank And Finance »

Commercial banks announce hikes in interest rates on fixed deposits

July 16, 2010

BANGKOK, 16 July 2010 (NNT) —Interest rates on fixed deposits and lending rates have been hiked by financial institutions following the hike in the policy rate by the Central Bank. Krungthai Bank has announced its fixed deposit interest rate hike of 0.25-0.35%, while key lending rates would be increased by 0.125-0.15%, effective today. Siam Commercial [...]

General News »

Summary of the 9th APEC Energy Meeting

July 12, 2010

Thai delegates led by Minister of National Resources and Environment, Suwit Khunkitti, along with international counterparts from 20 countries attended the 9th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting in Fukui, Japan on 19 June 2010. During the summit, a speech on the “Low Carbon Paths to Energy Security: Cooperative Energy Solutions for a Sustainable [...]

Economy »

4 Govt agencies cooperate to promote Thai investment abroad

July 12, 2010

BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project. TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support [...]

Energy »

Moody´s chops down PTT´s credit

June 29, 2010

BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]

Politics »

One month needed for Interpol consideration over Thaksin´s case

July 16, 2010

BANGKOK, 16 July 2010 (NNT) – A nod from the Paris-based international police intelligence-sharing association, Interpol, over case of self-exiled ex Prime Minister Thaksin Shinawatra should be known within one month. Police Maj-General Terdsak Rujirawong, Commander of the Royal Thai Police Foreign Affairs Division, said on Friday that an arrest warrant on terrorism charge issued [...]