More than 1,500 investment projects worth over Bt700 billion applied for incentives from the Board of Investment (BoI) last year, according to Secretary-General Atchaka Sibunruang.
The applications indicated that local and foreign investors remain confident in Thailand despite the ongoing problem of the suspension of 65 Map Ta Phut industrial projects, she said.
The large number of requests for BoI privileges at the end of 2009 was caused by the government’s stimulus measures to give privileges to businesses in six industries valid in 2009, she added.
Due to more investment at the year end, the value of investment in 2009 was 80 per cent higher than earlier the BoI earlier targeted.
Service and healthcare industries sought BOI privileges in the largest numbers, she said, with 709 projects valued at Bt430.8 billion. Most projects are investments in alternative energy such as wind and solar energy, and a natural gas power plant, followed by electronics and electric appliances industries with 219 projects worth more than Bt100.9 billion.
The agricultural industry ranked third with 212 projects worth Bt66.8 billion. Most projects are related to alternative energy fuels processed from agri-industrial plants such as biodiesel and ethanol.
In 2009, 106 projects were capitalised at over one billion baht, worth Bt460.3 billion altogether, according to the BoI.
Most projects seeking BoI privileges are medium-sized, with capital between Bt20-200 million.
The investment value of all 689 medium-sized projects is Bt52.6 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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