Standard Chartered Bank suggests Govt to quickly clear 76 industrial projects in Map Ta Phut

BANGKOK, 13 October 2009 (NNT) – The temporarily halt of 76 Industrial projects in Map Ta Phut had downed investors’ confidence and also delayed investment by the private sector, said the senior economist with Standard Chartered Bank (Thai) Usara Wilaipich.

Ms Usara Wilaipich, who has 13 years experience with Thai economics and is a senior economist with Standard Chartered Bank (Thailand), stated that the Thai economy was recovering slightly but the halt of 76 Map Ta Phut projects had further negatively aggravated the Thai economy. It had also affected investors’ confidence and slowed down their investments

According to Ms Usara Wilaipich, the temporarily halt of 76 Map Ta Phut projects needed to sorted out as quickly as possible because foreign investors would delay their investments which would affect Thailands economy in the long run. She added that the issue would not cause investors to shift their production bases from Thailand.