Moody's Positive on Thailand; BOI Approves 900 Billion Baht Investments

Matichon•Politics•3d ago

Reader Briefing

Moody's upgrades Thailand's economic outlook to stable and investable, bolstered by the Board of Investment's approval of 900 billion baht in foreign direct investment.

•Moody's Investors Service has issued a positive report on Thailand's economy, upgrading its outlook from negative to stable and investable.
•The Board of Investment (BOI) has approved investment promotion applications totaling over 900 billion baht, reflecting strong foreign investor confidence.
•Deputy Prime Minister and Finance Minister Ekkanit Nitithanprapas has outlined the government's '5T' strategy, focusing on targeted transition, transformation, transparency, and togetherness, to support this growth.

Overview

•On May 6, Anutin Charnvirakul, Deputy Prime Minister, announced Moody's positive outlook on Thailand's economy, stating it is now stable and investable.
•The positive outlook from Moody's is seen as continued good news following a previous upgrade from a negative economic outlook.
•The Board of Investment (BOI) has approved investment promotion applications amounting to over 900 billion baht.
•The approved investments, primarily Foreign Direct Investment (FDI), are presented as a clear indicator of international investor confidence in Thailand.
•Anutin Charnvirakul thanked the Thai public, emphasizing that positive national standing is a collective effort and not solely the government's achievement.
•The positive credit rating from Moody's is attributed to Thailand's straightforward and transparent operations, which cannot be influenced through lobbying.
•Investors expressed concerns regarding clean energy and some basic infrastructure, which the government intends to address in phases.
•The government plans to increase green energy production to meet the growing demand from investments like data centers, aligning with the '5T' strategy.

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Key Quotes

Anutin Charnvirakul

"This is continued good news after Moody's adjusted its outlook on the Thai economy from negative to stable and investable, which is something that builds confidence for investors worldwide."

เรื่องนี้เป็นข่าวดีต่อเนื่องหลังจากที่มูดี้ส์ได้ปรับมุมมองต่อเศรษฐกิจไทยจากเชิงลบ (Negative) เป็นมีเสถียรภาพ และน่าลงทุน ซึ่งถือว่าเป็นสิ่งที่สร้างความมั่นใจให้กับนักลงทุนทั่วโลก

Anutin Charnvirakul

"I must thank all the people. This is something all Thais must help cheer for Thailand, not just sit and criticize the government with prejudice."

ต้องฝากขอบคุณประชาชนทุกคน เรื่องนี้เป็นเรื่องที่คนไทยทุกคนต้องช่วยกันเชียร์ประเทศไทย ไม่ใช่ออกมานั่งตำหนิว่ากล่าวรัฐบาลอย่างมีอคติ

Anutin Charnvirakul

"Because a globally reputable credit rating agency has rated Thailand this well, nobody can lobby for this. Everything must be straightforward and transparent."

เพราะบริษัทที่เป็นบริษัทจัดอันดับความน่าเชื่อถือระดับโลกจัดอันดับให้ประเทศไทยได้ดีแบบนี้ ซึ่งเรื่องแบบนี้ไม่มีใครไปวิ่งเต้นได้ ทุกอย่างต้องตรงไปตรงมา โปร่งใส

Key Entities

Person

Anutin Charnvirakul(นายอนุทิน ชาญวีรกูล)ℹ️

Deputy Prime Minister who commented on Moody's positive outlook for Thailand and the BOI's investment approvals.

Ekkanit Nitithanprapas(นายเอกนิติ นิติทัณฑ์ประภาศ)

Deputy Prime Minister and Minister of Finance, who outlined the government's '5T' strategy.

Organization

Moody's Investors Service(มูดี้ส์ อินเวสเตอร์ เซอร์วิส)ℹ️

Credit rating agency that issued a positive outlook on Thailand's economy.

Board of Investment (BOI)(คณะกรรมการส่งเสริมการลงทุน (บีโอไอ))ℹ️

Government agency that approved over 900 billion baht in investment promotion applications.

Place

Government House(ทำเนียบรัฐบาล)ℹ️

Location where the Deputy Prime Minister made his statements and where discussions took place.