webfact Posted February 11, 2021 Share Posted February 11, 2021 Thailand's top investor now Japan, surpassing China Overall foreign direct investment in Southeast Asian country sinks 54% A man works in the automobile production line of the Honda Motor plant in Thailand's Prachinburi Province. © Reuters MARIMI KISHIMOTO, Nikkei staff writer BANGKOK -- Foreign direct investment in Thailand plunged last year amid the coronavirus pandemic, data released Thursday shows, but spending from Japan increased, allowing it to top China as the leading investor in the Southeast Asian country. Foreign companies applied to make roughly 213.1 billion baht ($7.14 billion) in direct investments, a 54% drop, Thailand's Board of Investment reported. The number of applications dipped 3% to 907 filings. Yet applications from Japanese companies rose 10% by value to about 75.9 billion baht. Japan became the leading investor once again, accounting for 36% of the total. Full story: https://asia.nikkei.com/Politics/International-relations/Thailand-s-top-investor-now-Japan-surpassing-China -- © Copyright Nikkei Asian Review 2021-02-12 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 2 Link to comment Share on other sites More sharing options...
Popular Post Justgrazing Posted February 11, 2021 Popular Post Share Posted February 11, 2021 Turning Japanese then .. as the Vapours once sang .. 2 1 1 Link to comment Share on other sites More sharing options...
Popular Post flyingtlger Posted February 11, 2021 Popular Post Share Posted February 11, 2021 The Japanese get involved to genuinely help countries as opposed to the Chinese. Case in point: The Chinese Debt TRAP". E.g. Sri Lanka and Africa.... https://www.trtworld.com/africa/how-china-s-debt-trap-diplomacy-works-and-what-it-means-32133 7 2 Link to comment Share on other sites More sharing options...
RichardColeman Posted February 11, 2021 Share Posted February 11, 2021 47 minutes ago, webfact said: Foreign companies applied to make roughly 213.1 billion baht ($7.14 billion) in direct investments, a 54% drop, Thailand's Board of Investment reported. I wonder if those pesky foreigners are being blamed for a 54% Drop in foreign investment at those Investment board meetings 1 1 Link to comment Share on other sites More sharing options...
jumbo Posted February 12, 2021 Share Posted February 12, 2021 2 hours ago, RichardColeman said: I wonder if those pesky foreigners are being blamed for a 54% Drop in foreign investment at those Investment board meetings Well if all foreign direct investors are foreigners they might have a point ???? Link to comment Share on other sites More sharing options...
lockyv7 Posted February 12, 2021 Share Posted February 12, 2021 3 hours ago, Justgrazing said: Turning Japanese then .. as the Vapours once sang .. now that's going to be stuck in my head all day ???? 1 Link to comment Share on other sites More sharing options...
WorriedNoodle Posted February 12, 2021 Share Posted February 12, 2021 35 minutes ago, lockyv7 said: now that's going to be stuck in my head all day ???? The Vapors. Link to comment Share on other sites More sharing options...
nausea Posted February 12, 2021 Share Posted February 12, 2021 1 hour ago, lockyv7 said: now that's going to be stuck in my head all day ???? It's contagious, it seems; thanks a lot lockyv7. Link to comment Share on other sites More sharing options...
Cake Monster Posted February 12, 2021 Share Posted February 12, 2021 4 hours ago, RichardColeman said: I wonder if those pesky foreigners are being blamed for a 54% Drop in foreign investment at those Investment board meetings Investors will still be Investing, only not in Thailand. They will be placing their Money in much better places to maximize their Profits. The bottom line is that the Investors have gone sour on Thailand and will be putting Money into Countries such as Vietnam and Cambodia in the SE Asia region. Link to comment Share on other sites More sharing options...
msg4869 Posted February 12, 2021 Share Posted February 12, 2021 This is a great thing. Hope it continues. Japan will help. Link to comment Share on other sites More sharing options...
Ireland32 Posted February 12, 2021 Share Posted February 12, 2021 Hoooray Japan Link to comment Share on other sites More sharing options...
WashingUpagain Posted February 12, 2021 Share Posted February 12, 2021 Without foreign investment, demand for Thai baht should have weakened, after all, services need to be paid in baht, building construction, lawyers , accountants etc...why is the baht so stubborn ? Link to comment Share on other sites More sharing options...
PatOngo Posted February 13, 2021 Share Posted February 13, 2021 China has more pressing needs than propping up Thailand, like building military bases in the South China Sea and expanding it's military capability! Emperor for Life Xi has bold plans! Link to comment Share on other sites More sharing options...
PatOngo Posted February 13, 2021 Share Posted February 13, 2021 9 hours ago, WashingUpagain said: Without foreign investment, demand for Thai baht should have weakened, after all, services need to be paid in baht, building construction, lawyers , accountants etc...why is the baht so stubborn ? If you had an endless supply (trough) of Thai baht and continued to convert it to Euros and USD why would'nt it remain strong! I wonder who this would apply to? ???? Link to comment Share on other sites More sharing options...
PatOngo Posted February 13, 2021 Share Posted February 13, 2021 22 hours ago, WorriedNoodle said: The Vapors. Link to comment Share on other sites More sharing options...
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