Jump to content

Slump In Southern Investment Projects


george

Recommended Posts

Slump in southern investment projects

SONGKHLA: -- Thailand's southern region has witnessed a sharp decline in the number of businesses requesting government investment concessions over the first quarter of the year, according to the director of the Board of Investment's (BOI) Songkhla investment centre.

Although Mr. Chamrat Sripasom did not attribute the 35 percent decline to the southern insurgency, it is likely that the continuing violence in the region has served to dampen investor confidence.

The first quarter figures show that BOI investment concessions were requested for 13 projects, worth an investment total of Bt5.244 billion.

The biggest investment project over the first quarter of this year was the construction of a Bt3.82 billion 5-star hotel in Phuket, while trailing behind in second place for a Bt436 million project to invest in Surat Thani's palm oil production industry.

The figures also showed that while the number of investment projects was equally divided between the upper and lower southern regions, the monetary value of the projects was considerably higher in the upper region, which has not been affected by the insurgency.

No requests were made for investment projects in Krabi, Nakhon Si Thammarat, Ranong, Phattalung, Narathiwat, Pattani or Satun

--TNA 2005-04-26

Link to comment
Share on other sites

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.








×
×
  • Create New...
""