Pattaya foreign investors who are withdrawing their interest in Thailand

[dirtydog]

Present Economy Affecting Business

Mr. Jamroon Wissawachaiyaphan, President of the Business and Tourism Association


Pattaya, chaired a meeting on 11th July with the members and business people about the economic climate concerning business in Pattaya. Many topics were discussed in the meeting including the lack of trust from foreign investors who are withdrawing their interest in Thailand because of the new alien and business act. Plus the changes in the land act and concerns about tourism in Pattaya dropping dramatically because of the unstable political situation – mainly in the southern part of Thailand. All adding to the tourists fear about their safety. The strong Baht against other currencies is another concern. Banks are predicting that the dollar will drop further to come to a ratio of 1 dollar = 33 Baht.

Pattaya People

[Dougal]

And the conclusion is ????

Those foreigners who choose to remain, will simply have to be charged more to make up for the shortfall.