BoI expects fall in interest | Bangkok Post: business

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BoI expects fall in interest

  • Published: | Viewed: 1,278 | Comments: 0
  • Newspaper section: Business
  • Writer: Wasu Vipoosanapat
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Investment applications are likely to fall from this year's target of 900 billion baht to only 700 billion if the political impasse is not resolved within six months, says the Board of Investment (BoI). 

Secretary-general Udom Wongviwatchai said political uncertainties have affected investor confidence and could result in the decline of applications.

From January to April, investment applications fell 13% from a year earlier to 230 billion baht. However, projects submitted by foreign investors surged 30% to 195 billion.

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