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Bangkok Shutdown: Prolonged crisis in Thailand threatens investment

Published on Jan 20, 2014 10:11 AM
 
With the Bangkok shutdown entering its second week, concerns are growing about its adverse impact on the country's investment climate. -- FILE PHOTO: BLOOMBERG

BANGKOK: With the Bangkok shutdown entering its second week, concerns are growing about its adverse impact on the country's investment climate.

"If those prospective foreign investors don't understand the situation here, it may affect their investment decision," said Mr Isara Vongkusolkit, chairman of the Thai Chamber of Commerce, according to Bangkok Post.

Mr Rolf-Dieter Daniel, president of the Bangkok-based European Asean Business Centre, said last week that Thailand's prolonged political turmoil may have already spooked prospective foreign investors to switch to other Asean countries.

He said long-term investment, particularly Board of Investment-sponsored projects, may be reconsidered and other locations assessed.

 
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