BANGKOK, 16 March 2012 – Thailand’s investment environment has been quite active during the first two months of 2012, according to the Industry Ministry.
M.R. Pongsvas Svastiwat, Minister of Industry, said on Thursday that there continued to be more and more investors applying for investment incentives from the Board of Investment (BOI) during the months of January and February.
According to official records, 277 projects, a 14.5% year-on-year increase, have asked for BOI incentives during the first two months of this year. In terms of investment value, the figures stood at THB154.20 billion, or 133.3% more than that of the same time of last year.
The Industry Minister stated that operators from the chemical, paper and plastic industries have applied for the largest incentives, worth THB64 billion; followed by those from the service and infrastructure, the electronics and electrical appliance, and the metal, machinery and transport equipment sectors.
He said that the strong interest in state-sponsored investment incentives showed that investor confidence in Thailand remained high.
BOI secretary-general Atchaka Sibunruang added that foreign direct investment (FDI) into Thailand has also been expanding at a comparable pace.
She said that 188 projects worth THB82.2 billion, equivalent to 30.5% and 91.7% on-year increases, respectively, have sought investment promotion from the BOI since in January.
Ms. Atchaka stated that most of the applicants were existing investors in Thailand, with Japanese, American and Dutch businesses as the most active ones this time.
(NNT : Nopparat Chaichalearmmongkol)