Thai hospitality giant Minor International keeps up investment pace despite uncertainties

In the six decades that US-born entrepreneur William Heinecke has lived in Thailand, the kingdom has weathered political uncertainty and economic shocks.

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Yet, he never wavered, keeping the company he founded before he turned 18 on an investment momentum that only continues to pick up.

"That is not the case with all foreign investors that are looking at Thailand because they see uncertainty and instability, which doesn't bode well for investments, and certainly (not if) security is in question," said the naturalised Thai citizen.

Despite the current climate, he holds faith that given time, Southeast Asia's second-largest economy will recover its leading position within Asean.

Mr Heinecke, the founder and chairman of Thailand-listed hospitality and leisure giant Minor International, was speaking on Oct 8 at the Asia Future Summit jointly presented by The Business Times with SPH Media's other flagship titles, The Straits Times and Lianhe Zaobao.

OCBC is the presenting sponsor of the conference.

Held at The Ritz-Carlton, Millenia Singapore, the premier thought leadership conference returned for its fourth edition this year with the theme, Navigating a Fractured World.