Japanese mull departure from Thailand if Map Ta Phut issue remains unresolved

29-Jan-10

Japanese companies may consider departure from Thailand if the Map Ta Phut issue remains unresolved for an extended period. They mull to relocate their Thai operations if the controversy over the suspension of industrial projects drags on for over six months, as per the Japanese Chamber of Commerce. If the Map Ta Phut issue continues to persist, over 30% of the associations’ more than 1,300 members will be affected directly and indirectly, particularly in the petrochemicals, steel and finance sectors. Thailand is still an attractive investment destination prolonging of the problem will affect investor confidence.