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BOI records 133% investment applications increase in 2012

According to the Board of Investment of Thailand (BOI), the value of investment incentive applications submitted to the Thailand Board of Investment from January to February 2012 soared by 133 percent year-on-year, indicating strong investment trend in the country.

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According to the Board of Investment of Thailand (BOI), the value of investment incentive applications submitted to the Thailand Board of Investment from January to February 2012 soared by 133 percent year-on-year, indicating strong investment trend in the country.

According to the Board of Investment of Thailand (BOI), the value of investment incentive applications submitted to the Thailand Board of Investment from January to February 2012 soared by 133 percent year-on-year, indicating strong investment trend in the country. The increasing foreign investment trend also reflected investor confidence in Thailand and its potential as a destination for growing business opportunities.

Strong 2-month statistics confirms high investor confidence

Total investment value of applications submitted to the Thailand Board of Investment (BOI) during the first two months of 2012 achieved a record growth of 133 percent from Bt66.1 billion in 2011 to Bt154.2 billion this year. The number of investment applications grew by 14.5 percent from last year’s 242 projects to 277 projects in 2012.

 

According to the Board of Investment of Thailand (BOI), the value of investment incentive applications submitted to the Thailand Board of Investment from January to February 2012 soared by 133 percent year-on-year, indicating strong investment trend in the country.

According to the Board of Investment of Thailand (BOI), the value of investment incentive applications submitted to the Thailand Board of Investment from January to February 2012 soared by 133 percent year-on-year, indicating strong investment trend in the country.

The largest investments were in the chemicals, paper and plastics industry, with 54 projects and a total investment value of Bt64 billion. The second largest recipient sector in terms of investment value was service and public utilities, with 52 projects applying for the BOI incentives and Bt32 billion in investments. The industry that ranked third was electronics and electrical appliances. In this industry, there were 57 projects with a total investment value of Bt25.6 billion applying for promotional incentives.

Strong Foreign direct investment Trend

Foreign direct investment showed a similar, positive trend. The BOI revealed that there were up to 188 projects with an aggregated investment value of Bt82.202 billion applying for the BOI incentives. The number of applications increased by 30.5 percent (from 144 projects in 2011) while total investment value grew significantly by 91.7 percent (from Bt42.868 billion in 2011).

The industry that attracted the greatest interest from foreign investors was electronics and electrical appliances, which saw applications for 47 projects with a total investment value of Bt25.508 billion. The second top industry was chemicals, paper and plastics, with 36 projects applying for the incentives and a Bt18.695 billion investment value. The industry ranking third for FDI was metal, machinery, motor vehicles and auto parts. There were 53 projects with a total investment value of Bt14.275 billion.

Japan remained the largest foreign investor in Thailand

The majority of these FDI projects were expansions of the existing foreign investments in Thailand. This included investment for 114 expansion projects with a total investment value of Bt55.478 billion. On the other hand, there were 74 new projects by companies that had never invested in Thailand before, with a total investment value of Bt26.724 billion.

Japan remained the largest foreign investor in Thailand, with 101 projects and a combined investment value of Bt38.253 billion. In second place was the United States, with 10 projects and Bt8.162 billion in investment value. The Netherlands came third with five projects and a total investment value of Bt6.653 billion. Singapore and Switzerland were the fourth and the fifth, with 14 projects and four projects, respectively. The total investment values of these countries was Bt3.228 billion and Bt2.555 billion, respectively.

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Tourism

Thailand welcomes first Finnair flight from Stockholm to Phuket

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Bangkok, 25 October, 2021 – The Tourism Authority of Thailand (TAT) today welcomed the start of Finnair’s latest direct non-stop service from Stockholm to Phuket during the 2021-2022 winter season.

The welcoming ceremony was presided over by Mr. Piyapong Choowong, Phuket Vice Governor, and Mrs. Titiporn Manenate, TAT Executive Director for Europe, Africa, and the Middle East Region, as well as representatives from the tourism-related public and private sectors.

Mr. Piyapong Choowong, Phuket Vice Governor, said, “Finnair’s Stockholm-Phuket flight marks a milestone for the reopening of Phuket to international tourism, following the successful Phuket Sandbox programme, which was launched in July under well-planned health and safety precautions, and has now become a model for the reopening of other Thai destinations.”

Finnair will operate on the Stockholm-Phuket route from 24 October 2021-24 April 2022, starting with 2 flights per week. It will increase to 3 flights per week from 29 November 2021-17 April 2022.

Also, during this winter season, the airline will operate on the Stockholm-Bangkok route with 2 two flights per week from 22 October 2021 to 21 April 2022.

In addition, Finair will be operating from Helsinki, Finland, to Phuket and Bangkok, with 2-4 flights per week during November this year and March next year.

Mrs. Titiporn Manenate, TAT Executive Director for Europe, Africa and Middle East Region, said, “This latest Stockholm-Phuket flight also marks Finnair’s first non-stop service from Sweden to Thailand, allowing visitors from Sweden to escape winter and enjoy Thailand at its finest during the annual cool season. The flight also reiterates the airline’s confidence in Thailand as a destination.”

Sweden is Thailand’s largest source of visitors from the Nordic region. Also, Phuket is one of the most popular holiday destinations among the Swedish, whose spending per trip is averaged at 85,000 Baht per person and length of stay is 19 days.

Sweden and other Nordic countries – Denmark, Finland, Iceland, and Norway – are among the 46 approved countries and territories from where travellers may enter Thailand under the ‘Test & GO’ quarantine-free entry requirements from 1 November, 2021.

The post Thailand welcomes first Finnair flight from Stockholm to Phuket appeared first on TAT Newsroom.

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Tourism

More COVID-19 restrictions are relaxed in Thailand from 16 October 2021

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Bangkok, 16 October, 2021 – The Tourism Authority of Thailand (TAT) would like to provide an update that more COVID-19 restrictions in the dark-red zone provinces have been relaxed while additional businesses and activities have been allowed to resume operations from today (16 October, 2021).

  • Restaurants and eateries, cinemas, theatres, shopping malls, sport stadiums, and public parks are now allowed to resume normal opening hours, but must close no later than 22.00 Hrs.
  • Convenience stores, fresh markets, and flea markets are now allowed to open for all types of goods with the opening hours extended for one hour longer or until 22.00 Hrs. All 24-hour shops must close nightly from 22.00-03.00 Hrs.
  • Day-care centres for elderly people are now allowed to resume operations.
  • Hotels, exhibition halls, convention halls, trade fair centres, or similar types of venues are now allowed to open for meetings, seminars, or other types of events and ceremonies up until 22.00 Hrs.
  • Shopping malls, shopping centres, community malls, or similar establishments can also open for meetings, seminars, or other types of events and ceremonies up until 22.00 Hrs., but must not hold any sales promotional activities and continue to close the amusement parks, water parks, and gaming centres.
  • Public parks, sports stadiums, gyms, fitness centres, and all types of venues for exercise can resume normal opening hours, but no later than 22.00 Hrs.

Meanwhile, gaming centres in shopping malls, shopping centres, community malls, or similar establishments that are not located in the dark-red zone province can now resume operations.

Curfew, Interprovincial Travel & Gatherings of people

To be in effect until 31 October, 2021, the night-time curfew in the dark-red zone provinces has been reduced from 6 to 4 hours, or between 23.00-03.00 Hrs.

Public and private organisations as well as people are still prohibited to organise any activities prone to the spread of disease, but the number of attendees has been increased for each zone. Dark-red zone: No gatherings of more than 50 people (from previously 25 people). Red zone: No gatherings of more than 100 people (from previously 50 people). Orange zone: No gatherings of more than 200 people (from previously 100 people).

Travel between dark-red zone provinces and other areas can resume normal operations but must apply social distancing measures.

Entertainment venues

All types of entertainment venues, including pubs, bars, and karaoke shops are to remain closed. However, the government mentioned that these businesses may undertake preparation to be ready for reopening.

Self-protective measures and distancing efforts

As usual, people nationwide are asked to continue abiding by the health and safety measures in place; such as, wearing a face mask at all times while outside of their residence, regularly washing hands with soap and water/cleaning alcohol, and avoiding unnecessary close contact with others.

TAT would like to remind all travellers to continue with D-M-H-T-T-A precautions to prevent the spread of COVID-19: D – Distancing, M – Mask wearing, H – Handwashing, T – Temperature check, T – Testing for COVID-19, and A – alert application.

Thailand’s colour-coding system for COVID-19 control are in place for the following provinces:

23 (down from 29) Maximum and Strict Controlled Areas or dark-red zone provinces

Central Region: Bangkok and 22 other provinces: Ayutthaya, Kanchanaburi, Nakhon Nayok, Nakhon Pathom, Nonthaburi, Pathum Thani, Ratchaburi, Samut Prakan, Samut Sakhon, Samut Songkhram, and Saraburi; Eastern Region: Chachoengsao, Chanthaburi, Chon Buri, Prachin Buri, and Rayong; Northern Region: Tak, and Southern Region: Nakhon Si Thammarat, Narathiwat, Pattani, Songkhla, and Yala.

Chanthaburi and Nakhon Si Thammarat have been moved up from red to the dark-red zone.

30 (down from 37) Strict Controlled Areas or red zone provinces

Central Region: Ang Thong, Chai Nat, Lop Buri, Phetchaburi, Prachuap Khiri Khan, Sing Buri, and Suphan Buri; Eastern Region: Sa Kaeo and Trat; Northern Region: Chiang Mai, Chiang Rai, Nakhon Sawan, Phichit, Phitsanulok, and Phetchabun; Northeastern Region: Chaiyaphum, Kalasin, Khon Kaen, Maha Sarakham, Nakhon Ratchasima, Si Sa Ket, Surin, Ubon Ratchathani, and Udon Thani, and Southern Region: Chumphon, Phatthalung, Ranong, Satun, Surat Thani, and Trang.

Ang Thong, Lop Buri, Nakhon Ratchasima, Phetchaburi, Prachuap Khiri Khan, Sing Buri, and Suphan Buri have been moved down from the dark-red to red zone, while Surat Thani has been moved up from the orange zone.

24 (up from 11) Controlled Areas or orange zone provinces

Northern Region: Kamphaeng Phet, Lampang, Lamphun, Mae Hong Son, Nan, Phayao, and Phrae, Sukhothai, Uthai Thani, and Uttaradit; Northeastern Region: Amnat Charoen, Bueng Kan, Buri Ram, Loei, Mukdahan, Nakhon Phanom, Nong Bua Lam Phu, Nong Khai, Roi Et, Sakon Nakhon, and Yasothon, and Southern Region: Krabi, Phang-Nga, and Phuket.

Amnat Charoen, Buri Ram, Kamphaeng Phet, Lampang, Lamphun, Loei, Nong Bua Lam Phu, Nong Khai, Roi Et, Sakon Nakhon, Sukhothai, Uthai Thani, Uttaradit, and Yasothon have been moved down from red to orange zone.

The post More COVID-19 restrictions are relaxed in Thailand from 16 October 2021 appeared first on TAT Newsroom.

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