PM: Moody's Positive on Thailand's Investment Attractiveness Amid Strong FDI

MGR Online•Economy•18d ago

Reader Briefing

Thailand's economic resilience and investment potential are bolstered by a positive outlook from Moody's Investors Service, alongside significant foreign direct investment.

•Moody's Investors Service has upgraded its outlook on Thailand's economy to stable and attractive for investment.
•Over 900 billion THB in foreign direct investment has flowed into Thailand, indicating investor confidence.
•The Thai government is committed to transitioning towards cleaner energy to meet growing demand from new investments, such as data centers.

Overview

•Moody's Investors Service has issued a report identifying Thailand as one of the top 5 emerging markets with strong resilience against economic fluctuations.
•Moody's previously held a negative outlook for Thailand's economy, which has now been shifted to stable and attractive for investment.
•The positive rating reflects confidence in various dimensions including economic factors, ease of doing business, transparency, efficient operations, and national infrastructure.
•The Board of Investment (BOI) has approved investment promotion applications exceeding 900 billion THB, identifying this as foreign direct investment.
•Prime Minister and Interior Minister Anutin Charnvirakul expressed gratitude to the public, emphasizing that national progress is a collective effort, not solely the government's.
•Anutin Charnvirakul highlighted that international credit rating agencies' positive assessments are straightforward and cannot be influenced by lobbying, underscoring transparency.
•The government is prepared to implement phased development to increase green electricity generation in response to increased investment and demand, particularly for data centers.
•The transition from fossil fuels to cleaner energy is part of the government's 5T strategy, which includes Targeted Transition, Transform, Transparency, and Together.

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Key Quotes

Anutin Charnvirakul

"I must thank all the people. This is something all Thai people should help cheer for Thailand, not sit and criticize the government, because what they criticized has today been overshadowed by the reality that has occurred."

ต้องฝากขอบคุณประชาชนทุกคนในเรื่องนี้ เรื่องนี้เป็นเรื่องที่คนที่เป็นคนไทยทุกคนต้องช่วยกันเชียร์ประเทศไทย ไม่ใช่ออกมานั่งตำหนิว่ากล่าวรัฐบาล เพราะสิ่งที่เขาตำหนิมา วันนี้ก็ถูกกลบไปด้วยความเป็นจริงที่เกิดขึ้นในวันนี้

Anutin Charnvirakul

"A company that is a global credit rating agency has ranked Thailand this well, and no one can lobby for this; everything must be straightforward and transparent."

บริษัทที่เป็นบริษัทจัดอันดับความน่าเชื่อถือระดับโลกจัดอันดับให้ประเทศไทยได้ดีแบบนี้ ซึ่งเรื่องแบบนี้ไม่มีใครไปวิ่งเต้นได้ ทุกอย่างต้องตรงไปตรงมาโปร่งใส

Key Entities

Person

Anutin Charnvirakul(นายอนุทิน ชาญวีรกูล)ℹ️

Prime Minister and Minister of Interior of Thailand, commented on Moody's positive outlook on Thailand.

Ekkanit(นายเอกนิติ)

Individual who has formulated policies for the 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

Organization that has approved over 900 billion THB in investment promotion applications.

Policy

5T Strategy(กลยุทธ์ 5T)

Government strategy for energy transition and national development, including Targeted Transition, Transform, Transparency, and Together.