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Invester still wait and see
Industry and Deputy Prime Minister Suwit Khunkitti on Thursday said foreign investors are still confident about investing in Thailand despite risk factors from global economic uncertainties and local political disturbances. He said the foreign investors wanted to invest in the development of various industries, particularly the auto parts industry, which has significant growth potential. For instance, APICO Hitech Plc continues to expand its investment in Thailand. Mr. Suwit advised investors to cash in on the free trade area (FTA) agreements Thailand had made with its trading partners for a maximum benefit of their investment. Yeb Su Chuan, president of APICO Hitech, said that although Thailand's domestic auto market had expanded at a slower pace, the company enjoyed sound first-quarter operating results because of increased exports. He said he is confident that the company's revenue this year would increase 15 per cent with a 10 per cent net profit growth.
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