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Thailand's top investor now Japan, surpassing China


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Thailand's top investor now Japan, surpassing China

Overall foreign direct investment in Southeast Asian country sinks 54%

 

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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

 

 

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-- © Copyright Nikkei Asian Review 2021-02-12
 
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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

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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 😉

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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.

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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! 

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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? 🤔

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