Time to promote foreign investment
- Published: 3 Jul 2012 at 15.18
- Online news:
Thailand’s capital market has strong growth potential while public debt is relatively low and therefore it is the right time to invite foreign investors to put more into Thailand, Paiboon Narintarangkul, chairman of the Federation of Thai Capital Market Organisations, said on Tuesday.
The federation at the beginning of the year had forecast that about US$3 billion would flow into Thailand in 2012.
However, foreign direct investment inflow would be more than that because of continuing economic growth and the government’s policy to stimulate domestic consumption, which has boosted the price to earnings ratio of consumer products companies to 25, said Mr Paiboon.
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