Declining private investment amid the economic slow-down and political chaos in Thailand have been termed as short- term, which the government opines will not affect investor confidence. Gross domestic product in Q2-2007 could grow nearly 4% and higher in the next quarter, due to accelerated government spending. Thailand's Board of Investment is prepared to stage a road show in the US to provide facts on the country's political and economic situation.
Representatives have met with officials of Dow Chemicals, wherein after a meeting, Dow has confirmed an interest in investment in Thailand. Dow Chemical is to seek approval from its board of directors in October to invest in five petrochemical projects in Thailand, worth US$1-2 bln (Bt34.62 bln to Bt69.24 bln). Though Dow remains committed to turning Thailand into its largest production base in Southeast Asia, concerns have been voiced over the government's measures to control toxic emissions in the Map Ta Phut Industrial Estate, where the new plants are expected to be located.
15-Jun-07 
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