BANGKOK, June 21 – Thailand’s Board of Investment (BoI) granted promotional privileges to 919 projects with a combined investment of Bt564.8 billion in the first five months of this year, a 70 per cent increase year on year, according to an official figure.
BoI secretary general Udom Wongviwatchai said 215 projects in the service and public utility sectors, with a total investment of Bt260.1 billion, a 224 per cent growth, were the highest among applicants.
He said 526 foreign direct investment (FDI) projects were slightly less than the first five months of last year but the investment volume, at Bt255.848 billion, expanded by 24.4 per cent.
Japanese investors were the highest number of applicants with 282 projects at Bt167.767 billion, a 28 per cent increase, followed by investors from Malaysia at 156 projects or Bt16.850 billion in investments, Hong Kong at 14 projects or a total Bt15.246 billion investment, Singapore at 33 projects or Bt10.48 billion and the Netherlands at 10 projects or Bt9.11 billion.
