Thailand’s BOI fair restores confidence in an emerging nation

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Thailand’s largest exhibition fair, BOI 2011, held from January 5 to 20, 2012, was a great draw for the economic community in Thailand. A wide range of investment opportunities was highlighted on 237,000 square meters in 42 pavilions, with the Royal Pavilion being the main attraction.

“I am confident that this fair helps revive and brighten the Thai economy,” said an enthusiastic  Atchaka Sibunruang, Secretary General of the Board of Investment (BOI) of Thailand, at the opening of the third BOI fair held from January 5 to 20 at the Impact Exhibition and Convention Center at the outskirts of Bangkok.
The fair, organized by the Board of Investment, was originally scheduled to be held in November, but has been postponed to January 2012 due to the flood crisis at the end of 2011. Nevertheless, this did not irritate the business community and private visitors. BOI estimates some five million visitors to have attended overall, with a daily average of around 310,000 visitors strolling across the venue, enjoying multimedia shows, and socialize with prospective business partners.
The theme of BOI Fair 2011 was “Going Green for the Future”, with the objective to combine economic development and environmental preservation to achieve sustainable development of the country. It also aimed to encourage economic growth and domestic investment, to restore Thailand’s economic  stability and send a message to the world that the country is back on its feet again.
According to Sibunraung, the fair was the first international low carbon fair in Asia that focused on efforts in various industry sectors to reduce carbon emissions. For example, General Motors presented in its Chevrolet pavilion its new concept for urban mobility, based on its EN-V or Electric Networked Vehicle, future vision, and its electric car Chevrolet Volt. Other carmakers, IT companies and industry majors, such as Indorama Ventures, did the same.
Also, a royal pavilion has been set up to pay tribute to King Bhumibol Adulyadej’s contributions to improving the lives of the Thai people, with a focus on agriculture and showcasing popular products from eight selected royal development projects and foundations.
Several conferences such as the Save Our Planet Conference were held in addition to this, focusing on climate change issues. The Thailand pavilion was built upon the concept of “investment and development in environmental-friendly industries”, displaying industrial examples for energy preservation, recycling of used products, and introducing new trends in environmental sustainability.
The BOI forecasts investments in Thailand in 2012 to reach approximately $19 billion, with main focuses on bio plastics, processed agriculture, alternative energy, medical tools, and the rubber sector.
“The fair shows the country’s investment potentials where the state-of-the-art technologies from leading Thai and international companies are exhibited,” said Dr. Sampan Silapanad, Vice President of hard-disk drive manufacturer Western Digital in Thailand. “Moreover, it’s also a stage to boost up investors’ confidences, and enhance the country’s investment image after the massive floods,” he added.
A big highlight of the BOI fair 2011 was the CEO Forum, the first gathering of international business representatives since the floods, with Thailand’s Prime Minister Yingluck Shinawatra hosting a gala dinner at the Government House in Bangkok.  Yingluck, in a speech at the event, emphasized that Thailand is back on its growth track.
“Despite the flood challenge that we faced, we expect to see our economy expand at 4.5 to 5.5 per cent this year,” the Prime Minister said. “Thailand’s economic fundamentals remain strong, and the level foreign exchange reserve is high at around $180 billion. This government is committed to promote domestic demand through investment and government spending. Projects that have been planned include large transportation and infrastructure projects to promote national and regional connectivity.”
One key speaker at the BOI 2011 fair’s CEO Forum was former British Prime Minister Tony Blair. Blair expressed confidence in the Thai government’s post flood rehabilitation measures, and said that British businesspeople still have confidence in Thailand and will maintain their investment presence. He also said that Thailand is of growing importance for investors as being a gateway to ASEAN, which would reassure British companies and investors to set up regional offices in Thailand.
Around 350 international investors attended the CEO Forum, which is an indicator that the Thai investment landscape holds promising investment prospects for the international business community.
Meanwhile, the BOI said that investment value into Thailand has risen over the last months despite the flood crisis. The number of projects applying for investment privileges in December 2011 alone has risen with a total investment value of 50 billion baht ($1.7 billion). The total value of investment applications in 2011 reached 663 billion baht ($22 billion), higher than the projected target of 500 billion baht, which means a 32 per cent increase at a total of 1,847 projects, she added. Foreign direct investment applications in 2011 were valued at 391 billion baht ($13 billion), a 67 per cent rise from last year, according to BOI figures.

 

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Reading Time: 4 minutes

Thailand’s largest exhibition fair, BOI 2011, held from January 5 to 20, 2012, was a great draw for the economic community in Thailand. A wide range of investment opportunities was highlighted on 237,000 square meters in 42 pavilions, with the Royal Pavilion being the main attraction.

Reading Time: 4 minutes

Thailand’s largest exhibition fair, BOI 2011, held from January 5 to 20, 2012, was a great draw for the economic community in Thailand. A wide range of investment opportunities was highlighted on 237,000 square meters in 42 pavilions, with the Royal Pavilion being the main attraction.

“I am confident that this fair helps revive and brighten the Thai economy,” said an enthusiastic  Atchaka Sibunruang, Secretary General of the Board of Investment (BOI) of Thailand, at the opening of the third BOI fair held from January 5 to 20 at the Impact Exhibition and Convention Center at the outskirts of Bangkok.
The fair, organized by the Board of Investment, was originally scheduled to be held in November, but has been postponed to January 2012 due to the flood crisis at the end of 2011. Nevertheless, this did not irritate the business community and private visitors. BOI estimates some five million visitors to have attended overall, with a daily average of around 310,000 visitors strolling across the venue, enjoying multimedia shows, and socialize with prospective business partners.
The theme of BOI Fair 2011 was “Going Green for the Future”, with the objective to combine economic development and environmental preservation to achieve sustainable development of the country. It also aimed to encourage economic growth and domestic investment, to restore Thailand’s economic  stability and send a message to the world that the country is back on its feet again.
According to Sibunraung, the fair was the first international low carbon fair in Asia that focused on efforts in various industry sectors to reduce carbon emissions. For example, General Motors presented in its Chevrolet pavilion its new concept for urban mobility, based on its EN-V or Electric Networked Vehicle, future vision, and its electric car Chevrolet Volt. Other carmakers, IT companies and industry majors, such as Indorama Ventures, did the same.
Also, a royal pavilion has been set up to pay tribute to King Bhumibol Adulyadej’s contributions to improving the lives of the Thai people, with a focus on agriculture and showcasing popular products from eight selected royal development projects and foundations.
Several conferences such as the Save Our Planet Conference were held in addition to this, focusing on climate change issues. The Thailand pavilion was built upon the concept of “investment and development in environmental-friendly industries”, displaying industrial examples for energy preservation, recycling of used products, and introducing new trends in environmental sustainability.
The BOI forecasts investments in Thailand in 2012 to reach approximately $19 billion, with main focuses on bio plastics, processed agriculture, alternative energy, medical tools, and the rubber sector.
“The fair shows the country’s investment potentials where the state-of-the-art technologies from leading Thai and international companies are exhibited,” said Dr. Sampan Silapanad, Vice President of hard-disk drive manufacturer Western Digital in Thailand. “Moreover, it’s also a stage to boost up investors’ confidences, and enhance the country’s investment image after the massive floods,” he added.
A big highlight of the BOI fair 2011 was the CEO Forum, the first gathering of international business representatives since the floods, with Thailand’s Prime Minister Yingluck Shinawatra hosting a gala dinner at the Government House in Bangkok.  Yingluck, in a speech at the event, emphasized that Thailand is back on its growth track.
“Despite the flood challenge that we faced, we expect to see our economy expand at 4.5 to 5.5 per cent this year,” the Prime Minister said. “Thailand’s economic fundamentals remain strong, and the level foreign exchange reserve is high at around $180 billion. This government is committed to promote domestic demand through investment and government spending. Projects that have been planned include large transportation and infrastructure projects to promote national and regional connectivity.”
One key speaker at the BOI 2011 fair’s CEO Forum was former British Prime Minister Tony Blair. Blair expressed confidence in the Thai government’s post flood rehabilitation measures, and said that British businesspeople still have confidence in Thailand and will maintain their investment presence. He also said that Thailand is of growing importance for investors as being a gateway to ASEAN, which would reassure British companies and investors to set up regional offices in Thailand.
Around 350 international investors attended the CEO Forum, which is an indicator that the Thai investment landscape holds promising investment prospects for the international business community.
Meanwhile, the BOI said that investment value into Thailand has risen over the last months despite the flood crisis. The number of projects applying for investment privileges in December 2011 alone has risen with a total investment value of 50 billion baht ($1.7 billion). The total value of investment applications in 2011 reached 663 billion baht ($22 billion), higher than the projected target of 500 billion baht, which means a 32 per cent increase at a total of 1,847 projects, she added. Foreign direct investment applications in 2011 were valued at 391 billion baht ($13 billion), a 67 per cent rise from last year, according to BOI figures.

 

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