this from the Bangkok Post today is some reassurance for the...

this from the Bangkok Post today is some reassurance for the Govt's pro foreign investment stance.....

'The Foreign Business Act (FBA) amendments proposed by the previous military-backed government will not be pursued by the current administration, said Suwit Khunkitti, the deputy prime minister and industry minister.

Mr Suwit offered the reassurance in an address to the Asia and Europe Partnership and Opportunities luncheon held yesterday by the Belgian-Luxembourg/Thai Chambers of Commerce.

He said the Samak Sundaravej government would do everything to ensure convenience for foreign investors.

The confirmation came in response to concerns voiced by European chambers, EU ambassadors and foreign businessmen, who were unclear on the Samak government's stance on the FBA.

''The FBA amendments would create unfavourable investment conditions in Thailand, and it is not possible for the government to touch the act when it wants foreign investors to help GDP growth reach the 6% target,'' Mr Suwit said."