ASEAN CEOs rank Thailand among top investment destinations

Thailand has been placed among the top five destinations for investment by business executives in ASEAN despite their lower confidence in the economy. 

Mr Sira Intarakumthornchai, CEO of Pricewaterhouse Coopers, disclosed results of the 19th Global CEO Survey which indicated a decrease in confidence among CEOs around the world. The index of confidence in the global economic growth dropped from 37 percent last year to 27 percent while the confidence in their company’s profit also edged down from 39 percent to 35 percent. 

Similar results were obtained from another survey conducted specifically on CEOs within the ASEAN region. The sentiment index on economic growth went down from 49 percent to 39 percent while that on corporate earnings declined from 47 percent to 38 percent. 

Despite the negative sentiment, the survey pointed out that investment has not been affected. Thailand was ranked one of the five most attractive places for investment in the eyes of ASEAN CEOs, with the country’s strengths being the abundance of skilled labor, acceleration of public and private investment spending and its location in the heart of the ASEAN region. 

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