Just a snip from a Bloomberg piece..
Quote:
Thailand's investment climate is worsening amid political instability, foreign ownership probes and recent capital control policies, Standard & Poor's said in a report yesterday. There is a ``very strong'' chance the company will lower its outlook on the Southeast Asian nation's credit rating, S&P's Singapore-based analyst Kim Eng Tan said today.
``A lot of previous investments that have gone into Thailand will have to be restructured and even if not a lot of them pull out there will be some pull out,'' Tan said in an interview before the rule changes were announced. ``You are going to see less investment coming in.''
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The scene with the 30% withholding introduced then about tuirned made the Junta look like the 3 stooges.. Now this.. On the global stage they are going to be made a laughing stock basically.. Burma here they come..
Malaysia, Vietnam, even Cambodia dont act like this.. This is serious stuff for the country as a whole.. Sure not for BM's beach holidays but for anyone even considering having a business here, or investing here.