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).
Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)
The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.
The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.
Indonesia’s Omnibus Law: Positive Investment List and the Liberalization of Business Sectors
Examples of non-fiscal incentives are the provision of supporting infrastructure, simplified business licensing procedures, and the guaranteed energy supply or raw materials.
In the first of ASEAN Briefing’s Indonesia’s Omnibus Law series, we analyze Presidential Regulation 10 of 2021 (PR 10/2021) on business fields open to investment — also dubbed as the positive investment list. The regulation comes into effect on March 4, 2021.
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
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