webfact Posted July 11, 2023 Share Posted July 11, 2023 Investment attraction to Thailand has seen a remarkable surge in the first half of this year. The nation registered a 70% year-on-year increase to an impressive 364 billion baht, according to the Board of Investment (BoI). This boost, particularly contributed by an astonishing 141% soar in foreign direct investment, serves as a testament to Thailand’s status as a preferred manufacturing hub for international firms. The investment escalation was marked by a rise in project applications totalling 891, marking an 18% rise compared to the equivalent period in 2022. The majority of these applications, 464 to be precise, fall under the prioritized industrial categories which account for a cumulative value of 287 billion baht, making up 79% of the total value of applications. These industries majorly include electronics, food processing, and automotive sectors with a special focus on the electric vehicle (EV) supply chain. Narit Therdsteerasukdi, Secretary-General of the BoI, said… “Investment applications in the first half show a positive trend and foreign investment in particular continued to increase at a very high rate, especially in electronics and EVs, which are among our priority sectors. by Alex Morgan Image by grafismedia from grafis media Full story: https://thethaiger.com/news/business/thailands-foreign-direct-investment-skyrockets-with-focus-on-ev-industry -- © Copyright Thaiger 2023-07-11 - 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. Link to comment Share on other sites More sharing options...
Cake Monster Posted July 11, 2023 Share Posted July 11, 2023 I wonder if all this FDI will offset the amount of outflows 1 Link to comment Share on other sites More sharing options...
Venom Posted July 11, 2023 Share Posted July 11, 2023 How's all this going to impact the power grid, do they have the capacity? 1 Link to comment Share on other sites More sharing options...
Stargeezr Posted July 11, 2023 Share Posted July 11, 2023 I doubt that there is a single country in the world that has the charging stations needed for EVs to be practical to own. Many countries do not have the capacity in their electrical grids either. On some hot days California pleads for EV owners not to charge during peak use hours. I have to wonder how many years it will take most countries to get their capacity up to what they will need for all these new EVs? More Nuke power stations are needed. IMO Link to comment Share on other sites More sharing options...
cowellandrew Posted July 11, 2023 Share Posted July 11, 2023 1689098114954.mp4 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now