Investment applications soared by 77 percent in first quarter
Investors are turning to Thailand again. Applications to invest in the Kingdom soared by 77 percent in the first three months of 2023, a solid vote of confidence by the global business community in Thailand’s economy and future prospects.
The 77 percent increase over the same period last year was driven by investments in electric appliances and electronics (E&E), food processing, chemicals, and the automotive industry, according to the Board of Investment (BOI), which said that the inflows validated its new strategy to promote the more advanced and green sectors of the economy.
“The number of applications for investment promotion in the first quarter increased considerably,…
