Tag: Board of Investment

The Investment Promotion Act of 1977 in Thailand grants the Board of Investment (BOI) the authority to attract investment and foster economic and social development.

The Thailand Board of Investment (BOI) has approved a 10.5 billion baht investment by a unit of Foxsemicon Integrated Technology Inc. to build a factory producing high-precision machinery parts and equipment for the semiconductor industry.

The BOI has received applications for incentives for 47 data center and cloud service projects, with majority of investment coming from the US, Australia, China, and other countries.

According to the Thailand Board of Investment (BOI) the value of applications for investment promotion during the first nine months of 2024 has risen by 42% year-on-year.

The Thailand Board of Investment approved Hyundai Mobility Manufacturing's 1 billion baht investment to start local assembly of battery electric vehicles and batteries by 2026, supporting Thailand's EV industry.

Thailand's Board of Investment (BOI) has reported a 35% increase in investment promotion applications, reaching $12.8 billion in target sectors. Foreign Direct Investment (FDI) has also grown by 16%, attracting headquarters of multinational companies.

The MOU between BOI and UOB Thailand aims to promote new investment opportunities in Thailand and across UOB key markets, fostering greater economy and industrial linkage.

According to the BOI, applications for investment promotion in 2023 reached a five-year high of 848.3 billion baht in combined value (ca. USD 24 billion).