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NEWS UPDATES 15 January 2010

Japan remains Thailand’s top investor in 2009

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Japanese investors for one more year are the biggest investors bringing in foreign investments to Thailand, state news agency TNA reported.

Japan submitted 266 projects through promotion procedures with an investment value of 77.3 billion baht of the total 788 international projects which applied for Thailand’s Board of Investment (BOI)’s promotional privileges in 2009, with an overall value estimated at 350.8 billion baht, an 18 percent increase year-on-year. (1$=33 baht)

According to BOI Secretary-General Atchaka Sibunruang, despite a 24-percent drop from 2008, December last year saw 45 Japanese projects apply for promotional privileges with a 23 billion baht investment.

Atchaka said the increase in the number of foreign investors applying for promotion procedures in Thailand showed that foreign investors were still confident to do business in the country.

China came second after Japan with 25 projects submitted and an investment value of 43 billion baht, 1.5 billion baht higher year-on-year, while the United States was in third place at 34.6 billion baht.

Singapore ranked fourth with 34.2 billion baht, followed by Hong Kong at 13.8 billion baht, Switzerland 13.2 billion baht, South Korea 8.2 billion baht, India 4.6 billion baht and Australia at 4.4 billion baht, according to BOI.

Industries of special interest to foreign investors are services and infrastructure, of which 229 projects were applied for at BOI’s promotion procedure with an outstanding investment value at 120.5 billion baht. The large-scale projects here include electricity production from wind and solar energy.

Meanwhile, the industrial sector of electronics and electric appliances placed second with 164 projects in the application process and with an investment value of 98 billion baht. The large-scale businesses here include hard-disk drives, spare parts and other domestic appliances.

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