BANGKOK (Bernama) – Thailand’s Board of Investment (BOI) expects investment applications to hit 1.3 trillion baht by year-end.
It said applications have already hit one trillion baht, higher than its projection of 800 billion baht.
BOI Investment Adviser Hiranya Sujinai said the Japanese are still the top foreign investors, while investments from the US and the EU have increased steadily.
She said the BOI today approved investments in 13 projects worth 21.153 billion baht in manufacturering of bio-energy, auto engines and auto parts, plastic, garbage powerhouse and biomass.
Investment approvals this year stood at 700 billion baht involving 1,569 projects, she said at a press conference yesterday after the BOI monthly meeting chaired by BOI Chairman Gen Prayuth Chan-ocha, who is also the Prime Minister.