News
Thailand receives boost to its economy
Tuesday 27 May 2008
Thailand received another boost to its economy with the announcement today (May 27th) that a fund management company will set up an office there.
Templeton Asset Management has said the government's pro-business and stimulus policies should encourage economic growth in the country and "attract investors".
Mark Mobius, managing director of Templeton Asset Management, said: "We are already invested in this country and have exposure of over $2 billion and with the robust growth of the economy, the pro-business policies of the government and the stability seen in this country we are likely to increase our exposure."
The Bangkok Post noted that Mr Mobius and his chief executive, Dennis Lim, had purchased a condominium and made a significant saving on the property.
Reduced property transfer tax will allow investors to secure property at a lower price.
In addition to tax cuts, prime minister Samak Sundaravej is investing money into various mass-transit projects over the next four to five years.
Thailand exports over $105 billion worth of products annually and is the world’s number one exporter of rice.
Templeton Asset Management has said the government's pro-business and stimulus policies should encourage economic growth in the country and "attract investors".
Mark Mobius, managing director of Templeton Asset Management, said: "We are already invested in this country and have exposure of over $2 billion and with the robust growth of the economy, the pro-business policies of the government and the stability seen in this country we are likely to increase our exposure."
The Bangkok Post noted that Mr Mobius and his chief executive, Dennis Lim, had purchased a condominium and made a significant saving on the property.
Reduced property transfer tax will allow investors to secure property at a lower price.
In addition to tax cuts, prime minister Samak Sundaravej is investing money into various mass-transit projects over the next four to five years.
Thailand exports over $105 billion worth of products annually and is the world’s number one exporter of rice.
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