Foreign investment in Thailand up 126%

Reading Time: 1 minute

bangkok panoOverseas businesses making the shift to the “Land of Smiles” accounted for a combined investment of $125.9 million during the first quarter of 2013, marking a 126 per cent rise from the same quarter in 2012.

The 99 foreign business people involved in the taking business focus to the kingdom are 25 per cent higher than the same period last year, with 35 of them in March alone making a combined investment of $57.4 million, according to the Thai News Agency.

The announcement of the flood of investment comes at a time when Thailand has rejuvenated efforts to attract investors in its tourism industry, previously not of heavy concern due to the country’s perceived strong comparative advantage.

Among the 17 new businesses that contributed to service-sector investment in the top-of-the-year boost include those from Japan, Hong Kong, Singapore, the UAE, South Korea and France, which the Thai government will likely be eying for promotion of its tourist industry.

These businesses created 762 jobs for Thai workers.

Possible service-oriented invest niches for these companies in tourism are yacht marinas, theme parks, cultural centers, aquariums, open zoos, convention halls and international exhibition centers.

Six of the new firms will engage in wholesale business dealings in automotive spare parts and software equipment, which come from Japan, Singapore and the Netherlands.

 

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

Overseas businesses making the shift to the “Land of Smiles” accounted for a combined investment of $125.9 million during the first quarter of 2013, marking a 126 per cent rise from the same quarter in 2012.

Reading Time: 1 minute

bangkok panoOverseas businesses making the shift to the “Land of Smiles” accounted for a combined investment of $125.9 million during the first quarter of 2013, marking a 126 per cent rise from the same quarter in 2012.

The 99 foreign business people involved in the taking business focus to the kingdom are 25 per cent higher than the same period last year, with 35 of them in March alone making a combined investment of $57.4 million, according to the Thai News Agency.

The announcement of the flood of investment comes at a time when Thailand has rejuvenated efforts to attract investors in its tourism industry, previously not of heavy concern due to the country’s perceived strong comparative advantage.

Among the 17 new businesses that contributed to service-sector investment in the top-of-the-year boost include those from Japan, Hong Kong, Singapore, the UAE, South Korea and France, which the Thai government will likely be eying for promotion of its tourist industry.

These businesses created 762 jobs for Thai workers.

Possible service-oriented invest niches for these companies in tourism are yacht marinas, theme parks, cultural centers, aquariums, open zoos, convention halls and international exhibition centers.

Six of the new firms will engage in wholesale business dealings in automotive spare parts and software equipment, which come from Japan, Singapore and the Netherlands.

 

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid