Despite unsettled political affairs, foreign interests remain interested in investing in Thailand as witnessed by a surge in the number and value of foreign investment projects seeking Board of Investment (BoI) promotional privileges in the first quarter of this year, according to BoI investment advisor Ajarin Pattanapanchai.
Revealing foreign direct investments (FDI) during January-March 2010, she said the number of foreign investment projects applying for investment promotions soared by 30.5 per cent to 184 from 141 in the same quarter the year before.
The project investment value totaled Bt44.39 billion, up 137 per cent from Bt18.74 billion in the same quarter last year.
It reflected the global economic recovery and the planned investment expansion in the future.
Of the total number of projects seeking promotion, 94 are new investment projects and 90 are investment expansion projects.
Of the total investment value, Bt24.69 billion stems from investment expansion projects and Bt19.71 billion from new projects.
It showed foreign investors are still confident in Thailand’s potential as an investment magnet.
Most attractive business sectors for foreign investors applying for promotions, in terms of number and value, include production of metal products, machinery,and transport equipment (44 projects with total investment value of Bt14.42 billion), and service and public utility (42 projects with an investment value of Bt10.34 billion).
Asian cities most threatened by environmental risk
According to the first instalment of Cities@Risk series, which ranks the world’s 576 largest urban centres on their exposure to a range of environmental and climate-related threats, 99 of the world’s 100 riskiest cities are in Asia, including 37 in China and 43 in India.
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.
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.(more…)
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