Foreign investment tallied 45.4 billion baht in the first five months of this year, with Japan topping the list in terms of spending to develop businesses in Thailand.
Japan’s investment value totalled 15.9 billion baht, followed by China at 11.5 billion, then Singapore at 6.35 billion, according to the Commerce Ministry report.
Thosapone Dansuputra, director-general of the Business Development Department, said the Foreign Business Committee granted permission under the Foreign Business Act to a total of 274 investment applications in the first five months of 2023, up 16% year-on-year.
The investment of 45.4 billion baht marks a drop of 18% from the same period the previous year.
This investment led to the employment of 2,999 Thai workers, a decrease of 23 workers.
The top five foreign investors comprised Japan (63 applications) with an investment of 15.9 billion…
