||9 August 2009
Investment applications in Thailand decline in Jan-July ’09
The number of projects applying for investment promotions in the first seven months of 2009 year totalled 588, down from 701 in the corresponding period one year ago, according to Thailand’s Board of Investment (BoI).
Projects granted investment promotions in the first seven months of this year totalled 482, down from 888, with an investment value of 115.3 billion baht and combined registered capital of 15.3 billion baht, reported state news agency TNA. (1$=34.3 baht)
Project investment amounted to Bt22.3 billion baht, down by 5.3 percent from the previous year’s 234.7 billion baht.
Total registered capital dropped to 43.5 billion baht from 48.1 billion baht. Of this, 11.8 billion baht is registered by foreign investors, down from 27.1 billion baht, while 31.7 billion baht by Thai investors, up from 21 billion baht.
It resulted in employment dropping by 53.5 per cent to 49,584 workers from 106,628, or more than half.
The country seeking investment promotions the most is Japan with 132 projects, followed by Europe, the United States, Singapore, Taiwan, and Hong Kong.
The largest number of businesses applying for investment promotion is in the service and public utility area with 212 projects, followed by agriculture, production, and electronics and electrical appliances.
Based on investment value, service and public utility businesses remain on top with Bt159.4 billion, followed by agriculture and production, metal products, machinery, and transport equipment.
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