BANGKOK, Aug 26 (TNA) – Thailand’s sovereign credit rating outlook is stable as it received requests for promotional privileges from investment projects worth 386 billion baht in the first half of this year.
Announcing the crediting rating and investment overview, deputy government spokeswoman Rachada Dhnadirek said Moody’s Investors Service maintained the sovereign credit rating of Thailand at Baa1 with a stable outlook for the country’s considerable economic activities, strong financial status, low short-term debts at 8%, very low foreign currency debts of the government at less than 2%, low and stable inflation rates and a huge current account surplus.
“Thailand is still attractive to foreign investors… After COVID-19, Moody’s expected, projects in the Eastern Economic Corridor will considerably increase investment and employment in the private sector as well as domestic demand. Investment in large-scaled infrastructure projects will definitely enhance the competitiveness of the country,” Ms. Rachada said.
According to her, export value in the first half of this year rose by 16.2% year-on-year and Thailand had a trade surplus worth US$2.6 billion. Besides, the Board of Investment received promotional privilege requests for 801 investment projects worth 386 billion baht in the same period. The combined investment value went up by 158% year-on-year. (TNA)