BoI applications exceed target

Applications for Board of Investment (BoI) privileges from January to September topped 804 billion baht, exceeding the set target of 800 billion baht, an informed source at the BoI said on Thursday.

  • Published: 4/10/2012 at 04:35 PM
  • Newspaper section: breakingnews

The number of projects rose from the same period last year by 21.6% to 1,302, underscoring investor confidence in Thailand's prospects. The investment worth was up 97%, from 407 billion baht reported over the same period last year, the source said.

Of the total, 1,057 projects with a combined investment value of 433 billion baht were foreign direct investment.
Services and utilities accounted for the biggest share by value, with 415 projects and investment capital of 237 billion baht.

The automobile, machinery and metal industries sector took second place, with 397 projects and an investment value of 186 billion baht, followed by electronics and electrical appliances (255 projects, investment capital of 104 billion baht), and petrochemical, pulp and paper and plastic (214 projects, investment value of 174 billion baht).

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