Thailand urged to lift state of emergency

16:57, July 23, 2010      

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Thailand's government should lift state of emergency in order to boost foreign investors' confidence, Kongkiat Opaswongkarn, chief executive officer of Asia Plus Securities Plc (ASP) said Friday, the Bangkok Post's website reported.

It is also essential to rapidly settle the environmental impasse at the eastern Map Ta Phut Industrial Estate to encourage foreign investors, said Kongkiat.

Foreign investors have started returning to the Thai stock market on the back of the country's strong economic fundamentals, he said.

Bank of Thailand assistant governor Suchada Kirakul disclosed that net foreign capital inflow were valued at 14 million U.S. dollars in the first half of July.

The disentanglement in April-May political unrest has boosted confidence among foreign investors, Kongkiat said.

If Thai listed firms report better performance in the 2nd and 3rd quarter, more foreign investors will invest in Thailand, he said.

Moreover, Kongkiat said "they would return to the Thai capital market sooner if the Map Ta Phut impasse is rapidly resolved and the emergency decree is revoked."

He has explained that the settlement of the investment deadlock at the Map Ta Phut and revocation of the emergency law will positively signal to foreign investors that the situation in Thailand has returned to normal.

Source: Xinhua

(Editor:张茜)

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