Government urged to be clear towards business law amendment

[Mid]

Government urged to be clear towards business law amendment
Tuesday 18 September 2007


BANGKOK, Sept 18 (TNA) – The government should have a clear policy towards amending financial and business laws to boost foreign investor confidence in investment in Thailand, according to a leading economist.

Speaking at an annual academic seminar held by the Fiscal Policy Office, Supavud Saicheua, managing director of Phatra Securities, said he saw a need for any government to clarify amendments to the laws, particularly the Foreign Business Act (FBA).

Currently, he said, legal advisors to foreign investors are not daring to advise foreign investment in Thailand because they are uncertain about the future direction under the amended FBA.

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MCOT Public Company Limited.

highlight mine

[watterinja]

I think they've made themselves pretty clear.

[Mid]

that's the crux of the matter .....................................

best wishes with BTS , Japan wants nothing to do with the financing .............

[chinthee]

I just love the twist they put on the language - love to examine the original text.

legal advisors to foreign investors are not daring to advise foreign investment in Thailand

What he means to say: "legal advisors are advising against foreign investment in Thailand"

[William]

^ the legal advisors I know in Thailand are not advising against investing in Thailand, what some are saying, however, is "wait and see".

[chinthee]

^ the legal advisors I know in Thailand are not advising against investing in Thailand, what some are saying, however, is "wait and see".

Yes, i agree.

[watterinja]

^^ Agreed, William.

I do think that this ship will take a good few years to right itself, if at all.