Connect with us

Economics

Record Bids for investment incentives in Thailand

Applications for investment privileges in Thailand reached a historic level of Bt1.46 trillion — nearly US$48 billion — in 2012, according to the Industry Ministry.

Bahar Karaman

Published

on

Applications for investment privileges in Thailand reached a historic level of Bt1.46 trillion — nearly US$48 billion — in 2012, according to the Industry Ministry.

Loading...

Industry Minister Prasert Boonchaisuk said the investment promotion value increased 131 per cent year-on-year, while the number of projects rose 29.7 per cent also year-on-year.

Some 348,000 persons were hired as a result of investment incentives, a 61 per cent increase compared to the same period the year before. Over 50 per cent of the investments came from Japan, followed by the Netherlands, and Singapore.

BOI Campaign Unbeatable Thailand

Applications for investment privileges in Thailand reached a historic level of Bt1.46 trillion — nearly US$48 billion — in 2012

Thailand’s Board of Investment (BoI) this year set a promotion investment target at up to Bt700 billion, lower than the 2012 target. Mr Prasert said that many investors applied for investment promotions last year was because BoI’s promotions were ending at the year-end.

He continued that one of the factors attracting investors was that Thai politics tended to be stable.

Meanwhile, BoI Secretary-General Udom Wongwiwatchai said the new investment promotion will be finished in the middle of this year and will continue to support high value-added industries and labour intensive industries that also applies technology to create skills for workers. (MCOT online news)

via Bids for investment incentives hits record high last year | MCOT.net.

Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

Pr News and BOI

Published

on

The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

Loading...
(more…)

Continue Reading

Economics

Finance Ministry Reduces 2021 Growth Forecast to 2.3%

Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the ministry slashed its forecast for the number of foreign tourists to only 2 million this year from 5 million it had predicted three months ago.

National News Bureau of Thailand

Published

on

Export growth better-than-expected in December 2020. However, amid the second wave of COVID-19 infections, exports could fall below previously forecasted levels in 2021.

BANGKOK (NNT) – The Finance Ministry has reduced its 2021 economic growth forecast for a second time to 2.3% from 2.8% growth, after a third wave of coronavirus infections struck Thailand this month.

Loading...
(more…)

Continue Reading

Economics

Developing Asia growth set to rebound to 7.3% in 2021 (ADB)

Thailand slow vaccination progress coupled with a surge of infections has prompted Kasikorn Research Centre to lower its growth projection for the Thai economy this year from 2.6 percent to 1.8 percent. However, ADB’s forecast for Thailand growth in 2021 remains set at 3% (and 4.5% in 2022).

Olivier Languepin and Asian Development Bank

Published

on

MANILA, PHILIPPINES (28 April 2021) — Economic growth in developing Asia is set to rebound to 7.3% this year, supported by a healthy global recovery and early progress on coronavirus disease (COVID-19) vaccines, according to a new report from the Asian Development Bank (ADB).

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,066 other subscribers

Latest

Trending