The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), a local business organisation, plans to organise a roadshow at the Asian Business Summit (ABS) in Manila in hopes of raising foreign investor confidence in Thailand.
The summit gathers economic leaders from 11 Asian countries and could be a good opportunity for Thai businessmen to explain the country's development following its new government.
The JSCCIB will hold the roadshow from Sept 14-15 in Manila alongside the summit, which will feature executives from China, Japan, India, South Korea, Taiwan, Vietnam, Myanmar, Singapore, Malaysia, the Philippines and Thailand, said Thai Bankers' Association chairman Boontuck Wungcharoen.
Mr Boontuck said the Thai private sector had strong confidence in Thai economic growth fuelled by infrastructure megaprojects financed by both the state and private sector.
This will be the fifth annual ABS, and Mr Boontuck believes it is quite important for Thais to update foreign investors on what is happening in Thailand.
He also urged the new government to move forward with its massive infrastructure investment projects, saying it should help to increase private investment in addition to building up the confidence of foreign investors.
Mr Boontuck said Thailand's economy had been expanding at a slow pace, with economists forecasting GDP growth of between 1.5% and 2% and export growth of 1.2%.
"We urge the new government to move the Thai economy forward quickly, through both trade and industry," said Supant Monkolsuthree, chairman of the Federation of Thai Industries.
The private sector is ready to support the new government in building up foreign investors' confidence, he said.
This task has been made possible because the government's economic team includes a number of veteran technocrats and experienced executives, Mr Boontuck added.