Investment applications surge in Thailand

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The Thai Board of Investment reports a record growth in investment applications in the first quarter of 2012.

Investment applications in Thailand have reached a record growth of 106 per cent in the first quarter of 2012 compared to the same period in 2011, the Thai Board of Investment (BOI) reported last week.

Foreign direct investment (FDI) rose 91 per cent in Thai baht terms, “confirming the continued strong confidence in the potential of Thailand”, the BOI said

In the first quarter of 2012, the BOI recorded a total investment value of 231.1 billion baht against 111.9 billion baht in the same period of 2011. The number of investment applications reached 470 projects, 15 per cent higher than 409 projects in 2011.

The BOI said it is certain that it will achieve its investment target of 600 billion baht by the end of 2012. Growth is mainly seen in the chemicals, paper and plastics industries with an investment value reaching 65.4 billion baht from 73 projects, followed by the service and public utilities sector with 118 projects applying for BOI incentives worth around 54.8 billion baht. Third was the electronic and electrical appliance industry with 48.3 billion baht in investment value from total 86 projects.

Foreign direct investment applying for investment promotion during the first quarter of 2012 surged from 70.1 billion baht in 2011 to 134.2 billion baht in 2012. The number of investment project applications grew by 23 per cent from last year’s 254 projects to 312 projects in 2012, the BOI said. The industries that attracted the most foreign investment were electronic and electrical appliances with 73 projects in total worth of nearly 48.2 billion baht . The industry that ranked second was metal products, machinery, and transport equipment which saw applications from 91 projects with a total investment value of 27.5 billion baht.

The increase in foreign investment also includes the investment expansions from flood-affected projects, accounting for 98.0 billion baht investment value from 184 projects.

The statistics show that there continues to be a sturdy inflow from Japanese investors who have been the largest investors in Thailand for decades. Holding the second place was Malaysia, and ranking third was investment from the US.

Latest reports from May 2012 show that the increase in investment applications seems to be sustainable. A total of 200 investment applications with a combined worth of 82.5 billion baht were submitted for investment privileges in May, the BOI said. The number of applications in May increased over the same month last year by 64.5 per cent and the value by 54.4 per cent.

The most favoured investments in May were in chemicals, paper and plastic, with 109 applications and a total investment of 105.5 billion baht, the BOI said.

The applications over the first five months of the year (Jan-May) totalled 817, an increase of 20.9 per cent from the same period last year. The combined investment was up 87.5 per cent to 374.9 billion baht, from 200 billion reported last year.

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Reading Time: 2 minutes

The Thai Board of Investment reports a record growth in investment applications in the first quarter of 2012.

Investment applications in Thailand have reached a record growth of 106 per cent in the first quarter of 2012 compared to the same period in 2011, the Thai Board of Investment (BOI) reported last week.

Reading Time: 2 minutes

The Thai Board of Investment reports a record growth in investment applications in the first quarter of 2012.

Investment applications in Thailand have reached a record growth of 106 per cent in the first quarter of 2012 compared to the same period in 2011, the Thai Board of Investment (BOI) reported last week.

Foreign direct investment (FDI) rose 91 per cent in Thai baht terms, “confirming the continued strong confidence in the potential of Thailand”, the BOI said

In the first quarter of 2012, the BOI recorded a total investment value of 231.1 billion baht against 111.9 billion baht in the same period of 2011. The number of investment applications reached 470 projects, 15 per cent higher than 409 projects in 2011.

The BOI said it is certain that it will achieve its investment target of 600 billion baht by the end of 2012. Growth is mainly seen in the chemicals, paper and plastics industries with an investment value reaching 65.4 billion baht from 73 projects, followed by the service and public utilities sector with 118 projects applying for BOI incentives worth around 54.8 billion baht. Third was the electronic and electrical appliance industry with 48.3 billion baht in investment value from total 86 projects.

Foreign direct investment applying for investment promotion during the first quarter of 2012 surged from 70.1 billion baht in 2011 to 134.2 billion baht in 2012. The number of investment project applications grew by 23 per cent from last year’s 254 projects to 312 projects in 2012, the BOI said. The industries that attracted the most foreign investment were electronic and electrical appliances with 73 projects in total worth of nearly 48.2 billion baht . The industry that ranked second was metal products, machinery, and transport equipment which saw applications from 91 projects with a total investment value of 27.5 billion baht.

The increase in foreign investment also includes the investment expansions from flood-affected projects, accounting for 98.0 billion baht investment value from 184 projects.

The statistics show that there continues to be a sturdy inflow from Japanese investors who have been the largest investors in Thailand for decades. Holding the second place was Malaysia, and ranking third was investment from the US.

Latest reports from May 2012 show that the increase in investment applications seems to be sustainable. A total of 200 investment applications with a combined worth of 82.5 billion baht were submitted for investment privileges in May, the BOI said. The number of applications in May increased over the same month last year by 64.5 per cent and the value by 54.4 per cent.

The most favoured investments in May were in chemicals, paper and plastic, with 109 applications and a total investment of 105.5 billion baht, the BOI said.

The applications over the first five months of the year (Jan-May) totalled 817, an increase of 20.9 per cent from the same period last year. The combined investment was up 87.5 per cent to 374.9 billion baht, from 200 billion reported last year.

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