Thailand is no longer the most attractive Asian destination for Japanese investors, thanks to the Map Ta Phut fiasco, Munenori Yamada, president of the Japan External Trade Organisation’s Bangkok office, said yesterday.
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Map Ta Phut has ‘soured Japanese investors’
Volumes of untreated domestic sewage, industrial wastewater and solid hazardous wastes have risen dramatically in recent years. The result is that roughly one third of Thailand’s surface water bodies are considered to be of poor quality. Clearly Thailand needs to focus on more effective enforcement of environmental laws; stronger institutional capacity, both national and local; and increased investments in pollution prevention and control, with private sector participation.
Implementation of Reforms in Thailand
Map Ta Phut has ‘soured Japanese investors’
A clear policy framework is needed, and the development direction set forth by the policy makers should be based on reliable information on the current status of infrastructure development. Systematic, periodic, and internationally-standard information collection within the infrastructure sector will provide Thai policy makers with good background with which to assess the current situation, identify bottlenecks, set clear policy direction, and prioritize projects more effectively .
