The Nation/Asia News Network
BANGKOK — Thailand is ranked the 47th safest investment destination in Euromoney magazine’s latest survey of country risk. This marks a fall of five places as the kingdom received deteriorating scores for political risk after the election of Yingluck Shinawatra as prime minister last July. Meanwhile, Singapore is ranked the third-safest investment destination in Asia, followed by Hong Kong, in a long-standing survey that ranks countries and territories according to economists’ and risk specialists’ perceptions of economic, political and structural risk. Both Singapore and Hong Kong are now considered safer than Germany, the United States and Britain by participating economists. Taiwan and Japan are ranked third and fourth respectively in the region, with both jurisdictions receiving improved ratings from economists in the past 12 months. However, India, Vietnam, Thailand and Sri Lanka all bucked the positive Asian trend. More than 400 economists and country-risk specialists from a range of financial institutions take part in the Euromoney survey, evaluating the risks faced by international investors in more than 180 markets. The experts were asked to score each country or territory out of 10 across 15 variables of sovereign risk, including metrics such as bank stability, government finances, hard and soft infrastructure and institutional risk.