BANGKOK, 9 March 2012 – The Thai Chamber of Commerce (TCC) has been upbeat about positive responses from Japanese investors during the prime minister’s official visit to restore confidence among businesspeople from one of Asia’s economic powerhouses.
TCC Chairman Pongsak Assakul, who joined Prime Minister Yingluck Shinawatra in an official road show to Japan this week, revealed on Thursday that more than 1,200 Japanese investors attended a special session in which the Thai PM discussed the government’s economic policies and flood prevention measures.
Mr. Pongsak stated that attending investors have been convinced by Thailand’s commitment to saving itself from future flooding, through short-, medium- and long-term measures, although some remained skeptical about the implementation of the plans, which lacks concrete timeframe.
In related news, the TCC Chairman commented that rising cost of living in Thailand is reflecting the upward adjustment by market mechanism and cost of goods, under the current highly competitive market condition.
However, Mr. Pongsak believes that higher prices will neither pose serious threat against the Thai economy nor lead to further inflationary problem.