Foreign investors reassured on Thailand’s stability

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BANGKOK, Aug 16 — ACM Prajin Juntong, Air Force chief and deputy chief of the National Council for Peace and Order (NCPO) on Friday led 25 investors from 20 capital funds and the Federation of Thai Capital Market Organizations (FETCO) to pay a courtesy call on Gen Prayuth Chan-ocha, Chief of NCPO at the Royal Thai Army Headquarters. 

ACM Prajin serves as the NCPO’s Chief of Economic Affairs.

The investors, who were scheduled to attend an event billed “Thailand’s Resilience: A Roadmap to a Sustainable Recovery” organized by FETCO, are representatives of leading financial institutions throughout the world that have had long-term investment in Thailand, with a total value of over US$16 trillion.

The NCPO chief stated that foreign investors are a crucial group for the Thai economy both presently and in the future, particularly FETCO, who has constantly been acting as a coordinator between the Thai government and the private sector, and has been contributing to the development of Thailand’s capital market.

The NCPO chief commented on the current situation of Thailand that stability, security, and safety have been largely restored in politics, economy, and people’s livelihood, with a positive environment that will definitely encourage business growth. He also called for understanding from foreign investors on the complexity of the Thai situation, which needs time to resolve.

Nevertheless, the NCPO reaffirmed its continuing support of strong trade and investment relations with foreign investors.

On administration of state affairs, Gen Prayuth said the NCPO has laid out a 3-stage road map. Currently, it is at the 2nd stage.

The reason NCPO took control of state administration was to simply ensure national order and to create a new hope.

According to the NCPO chief, NCPO fully realized and understood the global community’s concerns.

However, he called for more time and insisted that all operations and implementations would be done with fairness and in accordance with the legal process.

The representatives of foreign investors expressed understanding towards the current situation in Thailand, which has now been developing in a positive direction.

They also affirmed confidence that they will continue expansion of their investments in the country. (MCOT online news)