Thailand sees 17% boost in foreign investment, hitting 58.9 billion baht in 7 months

[snoop1130]

 

Thailand saw a 17% increase in foreign investment, reaching 58.9 billion baht in the first seven months of this year. The announcement was made yesterday by Rachada Dhnadirek, the deputy government spokeswoman.

 

Investors from Japan played a major role, with 94 groups contributing 19.89 billion baht. The United States followed with 67 entities investing 3 billion baht. Singapore had 61 investors who added 12.92 billion baht. China’s 28 investors significantly contributed 11.55 billion baht, while Germany saw 16 investors bringing in about 1.29 billion baht.

 

This year’s inflow of overseas expenditure led to the employment of an additional 3,594 Thai citizens, marking a 9% rise for the period, as informed by the deputy spokeswoman.

 

She further revealed that in July alone, approval was given to 51 foreign investment applications, yielding a whopping 10 billion baht for varying industrial sectors. This singular investment surge resulted in at least 372 Thais gaining employment.

 

From January to July, the Eastern Economic Corridor (EEC) witnessed keen interest from 73 foreign investors, making up approximately 19% of the total overseas investors, she added.

 

According to the deputy spokeswoman, the investments attached to the EEC stood at 12.34 billion baht, approximately 21% of the aggregate foreign investment value.

 

By Neill Fronde

Caption: Foreign investment in Thailand is up 17% ao far this year. (via Kee Hong)

 

Full Story: https://thethaiger.com/news/business/thailand-sees-17-boost-in-foreign-investment-hitting-58-9-billion-baht-in-7-months

 

-- Thaiger 2023-08-21

 

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[bkk6060]

The focus of these foreign investments mainly revolved around management and manufacturing consulting, engineering and technical services, and subcontracting for manufacturing machines and vehicle parts.

 

Not many details not sure what they really invested in.  So, that is about 1.7 billion USD and this only created 3,754 Thai jobs? EIther they are getting paid big big money, or there is something missing from this report.

[ExpatOilWorker]

Sneaky and misleading headlines. 

 

Although the number of foreign investors permitted to invest in Thailand has increased by 17%, to 377, the amount of pledged investment has dropped by about 20%, from about 73.6 billion baht during a seven-month period last year.

[NanLaew]

The magic of this caretaker adminstration knows no bounds.

[CartagenaWarlock]

No wonder the Baht is still resilient 

[arick]

I wonder how many billion these investors will loose. 

[mikebell]

2 hours ago, arick said:

I wonder how many billion these investors will loose. 

51% immediately?