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Follow on Google News | Political stability alters Asia's investment landscapeThe recent political instability in Thailand has sent the economy in a downward spiral while neighboring countries such as Singapore gain investor confidence.
By: GuideMeSingapore.com Businesses have suffered due to violence and bloodshed that hit the streets of Bangkok's financial district in recent weeks. The country's tourism industry has been badly hit, with hotel occupancy rates falling below 50%, and industry analysts projecting a fall in tourist arrivals and tourism receipts to the extent of 10-20% this year. By contrast, Singapore witnessed a surge in visitor arrivals during the same period - a record high of 938,000. If Thailand's political strife continues, Singapore could very well turn out to be an ideal springboard for tourists wanting to explore the Asian region. According to Christopher Bruton, the Bangkok-based executive director of risk consultancy Dataconsult Ltd. "Thailand's recent instability has been stretched out for so long that a lot of people have given up on Thailand and are saying this place is just a mess. Thailand may well be cut out of some travel brochures." While Thailand scores a dismal 12.9% for political stability in the World Bank's Governance Matters Report, 2009, Singapore scores an impressive 96.2%. Singapore also scored high on parameters such as government efficiency, regulatory quality, rule of law, and corruption control, while Thailand's scores were quite dismal on the same parameters. One of the unique advantages of Singapore company incorporation (http://www.guidemesingapore.com/ It is clear that politics cannot be ignored while making serious investment destinations. Thailand will need to get its act together or it may run the risk of losing out on sizable foreign investments to politically stable Singapore. # # # GuideMeSingapore.com is a unit of Janus Corporate Solutions Pte. Ltd. - a Singapore-based firm that provides incorporation, accounting, tax, immigration and compliance services. For more information, visit http://www.guidemesingapore.com/ End
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