PM urged to clearly inform Japanese investors on water management

BANGKOK, March 5 (TNA) - A top executive of Toyota Motor Thailand Co.,Ltd. says that Prime Minister Yingluck Shinawatra is to explain Japanese investors about her government’s new water management programs to assure them that any massive flooding will not recur in Thailand and the Thai economy remains attractive for international investment. Vice Chairman of the Board of Toyota Motors Thailand Ninnart Chaithirapinyo suggested Monday that Premier Yingluck convince the Japanese investors of her administration's well-prepared water management plans and Thailand's investment potential during her four-day visit to Japan for a roadshow, scheduled for March 6-9. Ninnart acknowledged if the Japanese investors are confident in Thailand, new waves of Japanese investment would flow into Thailand, amid the appreciation of the Japanese yen to 81-82 yen against the U.S. dollar now, as well as impacts from Japan's devastating tsunami and nuclear disasters last year and the Japanese investors’ preference for diversified production bases. Ninnart pointed out while Japanese investors consider India, Thailand and Indonesia as their overseas investment destinations, Thailand has a comparative advantage as the Kingdom's geographical location is a gateway to China, India and other member countries of the Association of Southeast Asian Nations or (ASEAN) with a combined population of up to three billion. In addition, Thailand has basic infrastructure and skilled labors and the Thai economy has already been a largest overseas production base for several Japanese investors. (TNA)