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Saturday, May 4, 2024

Foreign investments bolster Thai economy with 58.9 billion baht boost

Photo courtesy of Freepik

From January through July of this year, Thailand welcomed a foreign investment sum of 58.9 billion baht. A notable chunk of this influx originated from Japan, whose companies lavished the largest amount of capital on developing their businesses within Thai borders.

Estimates suggest that the Japanese investors led the pack with a total outlay of 19.9 billion baht. They were closely tailed by Singaporean enterprises who injected 12.9 billion baht into the Thai business sector. Additionally, Chinese and US firms put in 11.7 billion and 3.04 billion respectively, catalyzing foreign investments within the nation.

During this period, according to Thosapone Dansuputra, the director-general of the Business Development Department, the Foreign Business Committee has approved 377 investment applications. These approvals were given under the umbrella of the Foreign…

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