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Sira Intarakumthornchai, Chief Executive Officer of PwC Thailand, shared his insights on investment sentiment in Thailand during the 'Bangkok shutdown' protests with Krungthep Turakij TV’s Morning News.
Despite political developments, Thailand ranked in eighth place among ten countries outside the BRIC (Brazil, Russia, India and China) group in terms of their attractiveness for investment in the next three to five years, Sira said, citing PwC's latest Annual Global CEO Survey 2014: Fit for the future – Capitalising on global trends.
"Although Thailand's political climate has given cause for concern among most investors in the past couple of months, we believe the country's fundamentals remain strong," Sira said.
"The performance of companies in several sectors reflects long-term growth. Even though foreign investment may have been put on hold, I believe existing investments will be sustained."