GATHERING GLOBAL VIEWS ABOUT THAILAND
I worked through last night so I could speak to business people in Europe and North America for a package of stories we're working on for the next edition of the magazine. Because of time differences it's often difficult to get quick answers to specific questions so it made sense to work in the same time zones - at least for one day/night.
What's becoming clear is the world can only take so much instability from Thailand. This is typified in the investment sector where one investor says Thailand's stock market now offers some great bargains, and another is strongly advising its clients to avoid buying Thai stocks altogether. More people than I expected are reacting negatively to the recent happenings and changing their opinions about the Kingdom.
1 comments:
Any political climate that allows for both Samak and PAD would be something to pass over. Business craves stability. From a off-shore perspective, Thailand looks like an unstable anarchy, and it is simply too easy to lose money in that kind of environment. If the rules of conducting business can change on a weekly basis, then who wants to do business? And that is what the perception is: Whoever is on top makes huge changes in how business is conducted, from visas to monetary policy. And the group on top changes from one year to the next.
Government house could have a revolving door if there weren't fundamental changes in financial and foreign policy happening every time the government changed.
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