The latest casualty of Thailand’s five-month political deadlock may be foreign investment, as project approvals face delays and new investors hesitate to commit funds, the head of the investment promotion board said.
Koon Thaveepat is in danger of losing his pickup truck and his livelihood. He’s behind on loan payments as Thailand’s anti-government protests delay state rice-purchase payments, threatening to plunge thousands of farmers deeper into debt.
Hana Microelectronics Pcl, a maker of parts for companies including Apple Inc., said any increase in sales would represent an “achievement,” as cooling global demand threatens the company’s recovery from Thailand’s floods.
Thailand’s Finance Ministry raised its 2012 growth forecast and predicted interest rates will rise, less than a week after Deputy Prime Minister Kittiratt Na-Ranong urged the central bank to ease monetary policy.