Picture: Siam Rath

 

Deputy government spokeswoman Ratchada Thanadirek cited Commerce ministry figures for investment by foreign firms mostly in the tech sector.

 

In the first four months of the year around 200 individuals and companies had availed themselves of special privileges investing 36 billion baht.

 

In January there were 49 investors for 9.7 billion baht, February 44 at 5.7 billion, March 53 at 10.8 bilion and April 50 at 9.9 billion baht. 

 

Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe

 

Investment was in transport and cargo, petrochemicals, medical supplies and electric vehicle charging stations in particular, reported Siam Rath. 

 

Despite the continuing downturn caused by the pandemic the economy was expected to grow 2.3-3.5%.

 

The BOI are conducting roadshows abroad in Europe, the US, South Korea and Japan to encourage investment in Thailand and just concluded the latest APEC 2022 cooperation meeting. 

 

-- © Copyright  ASEAN NOW 2022-05-23

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get your business in front of millions of customers who read ASEAN NOW with an interest in Thailand every month - email [email protected] for more information

And with I rising Baht, this won’t last too long…

5 hours ago, webfact said:

Investment was in transport and cargo, petrochemicals, medical supplies and electric vehicle charging stations in particular,

Foreign investment doing what the government should do.

20 minutes ago, hotchilli said:

Foreign investment doing what the government should do.

Or......freeing up the marketplaces to open/free enterprise without the usual stranglehold of the enriched oligarchies. 

6 hours ago, webfact said:

The BOI are conducting roadshows abroad in Europe, the US, South Korea and Japan to encourage investment in Thailand

Wonder if the tag line was 'Employ a Thai for the price of a decent Burger a day !'

 

Let's face it they only invest in Thailand due to ridiculously cheap wages, If Thailand had the same daily wage - or even 20% of it - as the west, nobody would invest here.

 

 

I question everything coming from this administration. Who could prove otherwise? They are likely saying anything they want. I seriously doubt the veracity of these numbers. What do they include? What do they exclude? 

According to OP, Jan. to April 2022: ca. 1.1 billion U.S. dollars. Comparison to previous years, see below:

 

FDI Net inflows in billion U.S. dollars:

2021      2.48*

2020     -4.77**

2019      4.82**

2018    13.19**

2017       8.29**

2016       3.49**

2015       8.93**

2014       4.97**

2013     15.94**

 

 

 

(*Source: https://thaiembdc.org/2022/02/08/u-s-was-2nd-largest-foreign-investor-in-thailand-in-2021/

 

**Source: https://www.statista.com/statistics/607941/thailand-foreign-direct-investment-net-inflows/)

2 hours ago, spidermike007 said:

I question everything coming from this administration. Who could prove otherwise? They are likely saying anything they want. I seriously doubt the veracity of these numbers. What do they include? What do they exclude? 

If you shout it loud enough it will be the truth. BS 101