Foreign investments bolster Thai economy with 58.9 billion baht boost

[webfact]

 

From January through July of this year, Thailand welcomed a foreign investment sum of 58.9 billion baht. A notable chunk of this influx originated from Japan, whose companies lavished the largest amount of capital on developing their businesses within Thai borders.

 

Estimates suggest that the Japanese investors led the pack with a total outlay of 19.9 billion baht. They were closely tailed by Singaporean enterprises who injected 12.9 billion baht into the Thai business sector. Additionally, Chinese and US firms put in 11.7 billion and 3.04 billion respectively, catalyzing foreign investments within the nation.

 

During this period, according to Thosapone Dansuputra, the director-general of the Business Development Department, the Foreign Business Committee has approved 377 investment applications. These approvals were given under the umbrella of the Foreign Business Act. This foreign investments figure denotes a striking 17% rise when compared to the same timeframe last year.

 

by Alex Morgan

Photo courtesy of Freepik

 

Full story: https://thethaiger.com/hot-news/economy/foreign-investments-give-thai-economy-58-9bn-baht-boost-amid-job-creation-surge

 

-- Thaiger 2023-08-18

 

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[topt]

Interesting how the same set of figures get "reported" in different ways.

From an article this morning -

[Gknrd]

Best news there is the US put in the least. Japanese are after the working force. Chinese are after the American market shipping from Thailand. Same thing going on in Mexico right now. Old news

[StayinThailand2much]

Reportedly, Thailand, together with Vietnam and India, is profiting from capital flight out of China.

[jacko45k]

9 hours ago, StayinThailand2much said:

Reportedly, Thailand, together with Vietnam and India, is profiting from capital flight out of China.

Probably Russia too.....