BoT: Asian investors continue to invest in Thailand

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BANGKOK, 19 May 2012 – The Thai central bank has affirmed that investment from within Asia still continues flowing into the country. 

Bank of Thailand (BoT) Governor Prasarn Trairatvorakul said on Friday that, at present, the amount of investment from Europe to Thailand is slowing down.

However, Mr. Prasarn assured that the current scenario regarding European investment is not worrying.

He reasoned that, during the past few years, major investment amounts into the country have appeared to be from within Asia, particularly from Japan and China, while signs of continuation of such a trend are still visible.

The BoT Governor also believes that Thailand will experience more foreign investment inflow after the realization of the ASEAN Economic Community in 2015.

He went on to comment that the present economic condition in Thailand is good enough to enable local businesses to make more overseas investment, especially as the Thai economy is more stable and the baht becomes less volatile while foreign assets are more affordable.