Foreign investment more than doubles in first half, as BoI gets 758 new projects

[webfact]

Foreign investment more than doubles in first half, as BoI gets 758 new projects

By THE NATION

 

Duangjai Asawachintachit

 

Duangjai Asawachintachit, secretary-general of the Board of Investment (BoI), said 758 projects were submitted in the first six months of the year for investment promotion, recording a 7 per cent increase from the same period last year when 707 projects were submitted.

 

Of the projects seeking investment, 57 per cent are industrial companies valued at a total of Bt131 billion. The highest number of applicants are electrical appliance manufacturers, followed by carmakers, agriculture and food-processing businesses. 

 

Meanwhile, in the first half of the year, foreign investors have spent Bt147 billion on 468 projects, 109 per cent more than Bt70 billion invested in the same period last year. 

 

Japanese investors top the list with Bt42 billion, followed by China at Bt24 billion, Switzerland at Bt11 billion, Singapore Bt7.6 billion, and Hong Kong Bt7.3 billion.

 

Duangjai said BoI’s investment promotion was in line with the Thailand 4.0 investment plan. The board has approved investment promotion for 717 projects, which will create 43,878 jobs and promote the use of local materials worth Bt236 billion and earn up to Bt337 billion in exports.

 

Source: https://www.nationthailand.com/business/30375013

 

-- © Copyright The Nation Thailand 2019-08-20

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[Cadbury]

18 minutes ago, webfact said:

Duangjai said BoI’s investment promotion was in line with the Thailand 4.0 investment plan. The board has approved investment promotion for 717 projects, which will create 43,878 jobs and promote the use of local materials worth Bt236 billion and earn up to Bt337 billion in exports.

Sounds like the economy is going gangbusters. What's all this talk of growth decline and drop in exports. The PM has only been in charge of the economy for 5 minutes and look what's happened. 

[harada]

I'm not sure where tradingeconomics get their stats from but they tell a different story to this.

[CWMcMurray]

Export volumes are definitely down.

 

It is still possible that even with additional growth and investment and new companies setting up that over all number can be lower.

 

As can see everyday at work, customers shipments are much lower tonnage than previously

 

Although this is still a good sign for the future. As without this growth, numbers would be even lower.

 

As will take some time for the new BOI manufacturers to set up factories and start producing and exporting 

 

any good oof news is good news...

 

 

[toenail]

Great news but are factories able to find employees that are reliable and don’t quit after a couple months ?

[finnishmen]

foreigns need take out ALL investikations in thailand if immigration law not change normal human law and stop idiotlandian thai law <deleted> systems. only idiot thai can make immigration law wery stupid alltime.