BANGKOK (NNT) – The Board of Investment (BOI) provided investment privileges for 1,717 projects worth over Bt481 billion to private companies last year.
Government Spokesman Anucha Burapachaisri said the investment privileges were focused on target industries, including electrical and electronics, agriculture and food processing, automotive components, petrochemical, and biotechnology.
He added that medical industry is the sector with remarkable expansion in privilege applications filed with the BOI.
Thailand’s economic growth expected to return to 2019 levels in mid-2023
Although the economy would recover next year, the recovery is still substantially below potential level resulting in a large output loss and could affect Thailand’s potential economic growth in the future with the economy expected to return to 2019 levels in mid-2023.
The Siam Commercial Bank (SCB), one of Thailand’s largest commercial banks, said in its latest economic outlook report that the country’s economy may wait until the second semester of 2023 to return to 2019 growth levels.(more…)
World Bank cuts Thailand’s GDP growth outlook to 1% in 2021
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