Tuesday, February 13, 2007

PERC: Thailand a Risky Place to Do Business

Risks Rising Sharply in Thailand

SINGAPORE: Risks are rising sharply in Thailand, says a survey of expatriate business executives which rates Singapore as Asia's least risky economy and Indonesia the worst.

The Political and Economic Risk Consultancy (PERC) said on Tuesday in its latest survey that "risks are rising sharply in Thailand as a result of the continuing domestic political problems and the possibility of social unrest".

It added that "conditions could deteriorate in 2007".

Thailand's military ousted the elected prime minister Thaksin Shinawatra in a bloodless coup last September. The military government has promised to hold elections and a return to democracy by the end of this year.

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