Sunday, January 26, 2014

Thailand: Drawn-out Thai crisis unsettles investors, may deter new money

Via Chicago Tribune: BANGKOK (Reuters) - Long-term foreign investors say they are sticking with Thailand despite its political woes but the threat of worsening chaos may scare away new money as companies scope out other options in neighboring countries such as Indonesia.

Kyochi Tanada - President Toyota Thailand, Photo: Uli Kaiser
Protesters trying to topple the government have rallied in the capital, Bangkok, since November. This month they have forced ministries to close and blocked major roads. They say they will stop a general election being held on February 2.

"Assuming the political woes go on, foreign investors may decide to shift to other countries like Indonesia, Vietnam and Myanmar," Kyoichi Tanada, president of Toyota Motor Corp's Thai unit, said this week.

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