ID :
183175
Thu, 05/19/2011 - 15:09
Auther :
Shortlink :
http://m.oananews.org//node/183175
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BOI: Thailand will attract more FDI after election
BANGKOK, May 19 (TNA) - The Board of Investment of Thailand (BOI) said on Thursday that the Thai economy is likely to attract more foreign direct investment (FDI) projects after the forthcoming national poll, set for July 3, 2011.
BOI Secretary General Atchaka Sibunruang Brimble noted that most international business operators appeared not to be concerned by ideological and political differences in Thailand, but to be, instead, confident in the Kingdom's favourable investment policies, which have remained rather stable no matter which political parties take office.
Atchaka said, she, therefore, believes that there will be FDI projects steadily flowing into Thailand following the July 3 national democratic poll and projected that the total value will reach 400 billion baht by the end of this year, up from 108.03 billion baht under overall 336 applications seeking the BOI's approvals of investment incentives during the first four months of this year, a 37 per cent year-on-year increase in projects and a 103 per cent year-on-year jump in value.
The BOI chief attributed the country's growing investment prospects to the expansion of both the global and Thai economies, mega investment plans to be implemented or supported by the Thai government and the relief of problems at local industrial centres, particularly at the Map Ta Phut Industrial Estate.
According to the BOI chief, Japanese FDI projects remained at the top among all those seeking for the BOI's endorsement of investment promotional privileges during the January-April 2011 period, at 172 applications, totally worth 45.12 billion baht, a 74 per cent year-on-year surge in projects and a 76 per cent year-on-year hike in value, followed by Chinese, Singapore and US projects. (TNA)
BOI Secretary General Atchaka Sibunruang Brimble noted that most international business operators appeared not to be concerned by ideological and political differences in Thailand, but to be, instead, confident in the Kingdom's favourable investment policies, which have remained rather stable no matter which political parties take office.
Atchaka said, she, therefore, believes that there will be FDI projects steadily flowing into Thailand following the July 3 national democratic poll and projected that the total value will reach 400 billion baht by the end of this year, up from 108.03 billion baht under overall 336 applications seeking the BOI's approvals of investment incentives during the first four months of this year, a 37 per cent year-on-year increase in projects and a 103 per cent year-on-year jump in value.
The BOI chief attributed the country's growing investment prospects to the expansion of both the global and Thai economies, mega investment plans to be implemented or supported by the Thai government and the relief of problems at local industrial centres, particularly at the Map Ta Phut Industrial Estate.
According to the BOI chief, Japanese FDI projects remained at the top among all those seeking for the BOI's endorsement of investment promotional privileges during the January-April 2011 period, at 172 applications, totally worth 45.12 billion baht, a 74 per cent year-on-year surge in projects and a 76 per cent year-on-year hike in value, followed by Chinese, Singapore and US projects. (TNA)
