Thai PM wants more regional corporate headquarters

Thai PM wants more regional corporate headquarters

Thai PM wants more regional corporate headquarters

Updated 29 May 2012, 22:05 AEST

The Prime Minister of Thailand Yingluck Shinawatra has told Australia's business elite that her government wants to attract more regional corporate headquarters.

Speaking at an Asia Society dinner on the second day of her Australian tour, Ms Shinawatra told dignitaries her government will slash corporate tax by a third next year.

She also says her government has provided much-needed political stability.

"After a successful election last year, where the people gave me a clear mandate, I'm pleased to say the political is now more stable," she said.

"We are moving forward quickly with national reconciliation, by implementing the recommendations of the National Truth and Reconciliation Commission."

Ms Shinawatra says last year's floods have done little to dampen foreign investment which, she says, her government is actively encouraging.

"We also removing some of the barriers to encourage more corporations to set up their regional headquarters in Thailand. Your investment will be supported by our skilled labour force."

The Thai Prime Minister is in Australia to bolster bilateral trade relations.