Investment
Foreign Investors’ Confidence in Thailand Still High Despite Covid-19 Impact, BOI Survey Shows
Out of the 600 companies surveyed, 19.33% said they have plans to increase their investment in Thailand, while another 76.67% said they expect to maintain their current investment level.

Despite the COVID-19-induced economic hardship, as much as 96% of foreign direct investors operating in Thailand are confident in the country’s potential and have plans to expand or at least maintain their investment, citing attractive investment incentives, a strong supporting industry supply chain and the availability of raw materials and parts, according to the Thailand Board of Investment’s (BOI) annual Foreign Investor Confidence Survey.
Out of the 600 companies surveyed, 19.33% said they have plans to increase their investment in Thailand, while another 76.67% said they expect to maintain their current investment level. The 2020 edition of the survey was conducted for the BOI by Bolliger & Company Consulting Ltd.
“While the COVID -19 outbreak affected economies around the world, including Thailand, the trust expressed by surveyed investors reflects our country’s resilience and performance in managing the crisis,” said BOI Secretary General Duangjai Asawachintachit.
“The crisis has demonstrated the strength of our supply chain and logistics infrastructure which allowed most manufacturing operations to remain largely unaffected.”
BOI Secretary General Duangjai Asawachintachit
The main factor cited by the investors to support their positive view were the investment privileges provided by Thailand, cited by 89 respondents, while the availability of raw materials and parts, and the sufficient supporting industries were each cited by 77 respondents.
Of the surveyed investors, 63.17% said COVID-19 impacted their businesses, but they were still able to operate, 29.17% said they were greatly affected but still able to operate. Only 7.5% said they were unaffected and operating as usual. Meanwhile, only 0.17% had ceased operations.
Sustained commitment to Thailand by both foreign and local companies resulted in a slight increase in the number of investment applications in the January-September period to 1,098, as firms in some sectors continued to expand amid the COVID-19-induced economic slowdown, the BOI said earlier this month.
The total value of the applications during the nine months slowed 15% from the year earlier period, to 223.7 billion baht (USD7.2 billion), due to a smaller average size of projects amid a global decline in investment due to COVID-19.
FDI applications contributed 60% of the total number of projects and 53% of total investment value pledges, led by investments from Japan, China, the Netherlands, Singapore and Taiwan.
Investment
Thailand Saw $1.7 billion Applications in Bio-Circular-Green (BCG) Investments in 2020, BOI Says
The BCG model, as defined by the Thai Government, encompasses industries that allow inclusive, sustainable growth while reducing waste, pollution and dependence on finite resources.

In the first nine months of 2020, local and international companies applied to invest as much as $1.7 billion in Thailand in more than 300 projects in the sectors listed as “BCG”, or Bio-Circular-Green economic activities focused on environmental protection and sustainability, according to data collected by the Thailand Board of Investment (BOI).
(more…)Investment
Thailand BOI new measures to boost post-Covid-19 investment
Thailand’s Board of Investment (BOI) approved a series of measures to accelerate investments and to encourage businesses to adopt digital technologies.

The Thailand Board of Investment (BOI) on Monday approved a series of measures to accelerate investments, particularly in target industries and to encourage business to adopt digital technologies.
(more…)Business
Thailand pushes for “Ease of Doing Business” reforms
Thailand is in the process of responding to the World Bank’s advice and the “Ten for Ten” proposal by five ambassadors to Thailand, according to Deputy Prime Minister and Minister of Energy Supattanapong Punmeechaow.

The government has made improving the business environment in Thailand a key policy by setting a goal to raise the ranking of the ease of doing business to be among the top 20 countries in the world.
(more…)-
Health1 week ago
Covid-19: the Latest on Southeast Asia
-
Business5 days ago
Asia’s supply chains to be tested by COVID-19 vaccine delivery
-
Tourism3 days ago
Wish you were here: how the pandemic harmed tourism-dependent economies
-
Opinion4 days ago
How Asia Pacific can turn COVID crisis into an opportunity