Bangkok (ANTARA News/Asia Pulse) - The Thai economy is expected to grow at an accelerating rate this year if the prolonged political conflicts ease, according to a top banker. Bantoon Lamsam, Kasikornbank's chief executive officer, said political developments are considered a key factor to Thailand's economic growth in 2010.

"Should the ongoing political disturbance ease, investment will pick up. But if not, foreign investors and tourists will feel uncertain. So the political malaise must be addressed urgently," he said.

Mr Bantoon noted Thailand's economic fundamentals are actually strong and financial institutions enjoy a sound position. Thailand is also seen an attractive investment spot and an ideal tourist destination.


Source:
Business in Asia Today - Jan 14, 2010
published by Asia Pulse

Editor: Ricka
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