Foreign Investment in Thailand Surges for January-July

[snoop1130]

 

BANGKOK (NNT) - Thailand has seen a significant increase in foreign investment inflows for the first seven months of this year.

 

Data figures from the Ministry of Commerce indicated that the kingdom attracted 73.64 billion baht (~US$2 billion) in foreign investment over the January-July period, 28.93 billion baht more than the same period of last year.

 

Acting Government Spokesperson Anucha Burapachaisri said this was boosted by the country’s investment promotion policies and reflects foreign investor confidence in Thailand’s development outlook.

 

He added that the top three sources of foreign investment inflows during the January-July period were Japan, Singapore and the United States.

 

Boosted by recovery in the tourism sector, Thailand’s economy expanded 2.4% year-on-year in the first half of 2022 and the Bank of Thailand (BOT) expects annual economic growth to reach 3.3% by year end.

 

Source: https://thainews.prd.go.th/en/news/detail/TCATG220905123026231

 

-- © Copyright NNT 2022-09-05

 

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[spidermike007]

Last year the nation was shut down. So, how does one invest? Of course there was an increase. 

 

These ever increasing numbers are not only relatively useless, they are far more significantly symptomatic of real desperation. 

[CANSIAM]

In another read elsewhere not long ago, big companies said to be looking elsewhere rather than here to set up - Vietnam, Indonesia etc....

[JimHuaHin]

Then there are other media reports of the billions of investment Baht that have left Thailand this year - thus the question is - what is the nett level of foreign investment in Thailand this year?

[Cake Monster]

This is the second Media Report " biging up " the amount of Foreign Investment coming into the Country that has been published in the last 10 Days.

Possibly sending up of a smoke screen.

Thailand is fairly well trained in smoke and mirrors, so I would not believe a single word of these Statements.

[poskat]

thailand, the new hub of surges

[crazykopite]

No mention of the amount of monies that have been removed from Thailand to reinvest in other countries wouldn’t be surprised if it was a lot more than what was brought in between January and July 

[BigStar]

22 hours ago, spidermike007 said:

Last year the nation was shut down. So, how does one invest? Of course there was an increase. 

SHOCK! It appears that some were able to find ways, obviously not ace ANF Economists. Gotta love their oblivious pronouncements.

 

Total foreign investment in Thailand was $2.48 billion in 2021, a year in which trade, commerce, investment and other economic activities slowed because of global coronavirus pandemic.  Nonetheless, foreign funds continued to move into the Kingdom, and Thai economists and government officials are expecting an even better result this year as more countries recover.

 

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

 

22 hours ago, spidermike007 said:

These ever increasing numbers are not only relatively useless, they are far more significantly symptomatic of real desperation. 

Relatively useless for our Economists, true, as a negative number would enable those lovely ah HA! chortles and gurgles in confirmation of the cherished Thailand Perpetual Downward Spiral narrative.

 

73.64 billion baht is, however, relatively useful for Thailand, OBVIOUSLY. I've seen some of that investment at work, too.

 

The only symptoms of desperation I've seen are from posters desperate to disparage Thailand's recovery from the COVID disaster. It's very discomfiting, as COVID was supposed to be that last nail in the coffin driving Thais all back to work in rice fields and live in trees, making our Economists feel all vindicated and superior. But now--OH NO! Things are coming back and adapting well to the new global realities.

 

Now, what else can we find? Hee.

 

 

Edited September 6, 2022 by BigStar

[spidermike007]

47 minutes ago, BigStar said:

SHOCK! It appears that some were able to find ways, obviously not ace ANF Economists. Gotta love their oblivious pronouncements.

 

Total foreign investment in Thailand was $2.48 billion in 2021, a year in which trade, commerce, investment and other economic activities slowed because of global coronavirus pandemic.  Nonetheless, foreign funds continued to move into the Kingdom, and Thai economists and government officials are expecting an even better result this year as more countries recover.

 

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

 

Relatively useless for our Economists, true, as a negative number would enable those lovely ah HA! chortles and gurgles in confirmation of the cherished Thailand Perpetual Downward Spiral narrative.

 

73.64 billion baht is, however, relatively useful for Thailand, OBVIOUSLY. I've seen some of that investment at work, too.

 

The only symptoms of desperation I've seen are from posters desperate to disparage Thailand's recovery from the COVID disaster. It's very discomfiting, as COVID was supposed to be that last nail in the coffin driving Thais all back to work in rice fields and live in trees, making our Economists feel all vindicated and superior. But now--OH NO! Things are coming back and adapting well to the new global realities.

 

Now, what else can we find? Hee.

 

 

Have you noticed the thousands upon thousands of billboards nationwide that have remained blank for a year or more? That represents a fortune lost and a fortune Thai and foreign companies refuse to spend here, as purchasing power is way down. 

 

Have you talked to any new car dealers lately? While you can barely find a new car available in the US, the dealers here are barely moving any. 

 

Have you spoken to an honest real estate broker lately? While land in smaller towns seems to be selling, how about condos in Bangkok, Pattaya and Phuket? 

 

Do you know anyone who owns a hotel or guest house? I do. They are hurting. How about restaurants? Business is way down for most. The Thai economy is decimated. 

 

I could go on and on. Most ex-pats are oblivious to the pain millions of Thai families are feeling right now. 

[zzaa09]

On 9/5/2022 at 2:14 AM, spidermike007 said:

Last year the nation was shut down. So, how does one invest? Of course there was an increase. 

 

These ever increasing numbers are not only relatively useless, they are far more significantly symptomatic of real desperation. 

And.....this suspicious surge in foreign investment - who benefits? The the betterment of the societal commons or the usual circle of oligarchs? 

Does anyone question or challenge by way of whys and wherefores of these very surface and nonchalant stories? Deeper investigative reportage and extended follow ups as to how this supposed foreign investment is used and distributed? 

[BigStar]

1 hour ago, spidermike007 said:

Have you noticed the thousands upon thousands of billboards nationwide that have remained blank for a year or more? That represents a fortune lost and a fortune Thai and foreign companies refuse to spend here, as purchasing power is way down. 

 

Have you talked to any new car dealers lately? While you can barely find a new car available in the US, the dealers here are barely moving any. 

 

Have you spoken to an honest real estate broker lately? While land in smaller towns seems to be selling, how about condos in Bangkok, Pattaya and Phuket? 

 

Do you know anyone who owns a hotel or guest house? I do. They are hurting. How about restaurants? Business is way down for most. The Thai economy is decimated. 

 

I could go on and on. Most ex-pats are oblivious to the pain millions of Thai families are feeling right now. 

Yawn. Classic barstool Eyeball Economics consistent with the cluelessness of your first post w/ regard to investment in 2021.

 

I remember @tropo laughing, more than a decade ago, at one of those typical Surveys verifying the Pattaya's Imminent Doom conducted by a poster walking around and talking to poor-mouthing bar owners.

 

Many businesses have reopened and are recovering. Fact. Yet you haven't managed to find one, LOL. A lot of new ones have opened as well and are surviving.

 

All are not guaranteed to achieve their pre-COVID success. COVID happened; pain and displacement has been and will be the result. Who do you think doesn't know that? Did you just learn it? Does repeating the known and obvious, over and over, do something for your psyche? Is that phony hand-wringing helping anything? 

 

Another cherished principle of ANF Economics is the Mausoleum Principle: unlike in other countries,

 

a Thai(land) construction/development/business establishment must last eternally, like the Great Pyramids, maintenance-free.

 

If not, then it means the entire Thai economy is collapsing. It's that old Doom Porn we love. Some old buzzard can't fill out his online tourist application and it means the collapse of the tourist industry!????

 

Deflection to the painful effects of COVID, felt worldwide, and virtue signaling, doesn't validate your original post. 

 

[BigStar]

16 minutes ago, zzaa09 said:

who benefits? The the betterment of the societal commons or the usual circle of oligarchs? 

So far all that construction in BKK and along EEC, for example, is detrimental to the societal commons but has been a great source of employment and spinoff. We'll see. Can you wait?

 

But foreign investors, unlike Thais, of course--including those investing abroad in such ANF Economist-approved locations as Vietnam--actually do know something about investing, and they project returns. Somehow, despite our sounding the alarm, they didn't get the memo about the Thailand Perpetual Downward Spiral.

 

Our ace Economists, on the other hand, immediately projected the bankruptcy and failure of such projects as Big C Extra and Central Festival Beach Road. So we have to wonder what our Economists now know, again, that the big investors don't.????

 

35 minutes ago, zzaa09 said:

Deeper investigative reportage and extended follow ups as to how this supposed foreign investment is used and distributed? 

Beyond the expertise and pay grades of typical news reporters and web content writers. Or the actual interest of ANF readers, who mainly just want to self-aggrandize and gain cred by shrewdly suggesting "something fishy." If the contrary is proven, the reaction will be merely silence, as from the Tunnel Flooders or from victim blamers when confronted w/ video evidence that a farang was, in fact, responsible for a bad traffic accident.  Hence it's not worth the time arguing with all these trolls.

 

You can google up some more technical reports, such as have been derived from Thai sources, but they may be paywalled.

[whiteman]

I brought 10k that must be it ???? sorry guys for the surge

Edited September 6, 2022 by whiteman