In the first five months of 2023, Thailand received foreign investments amounting to 45.4 billion baht, with Japan being the largest spender in the development of businesses in the country. The figures released by the Commerce Ministry show Japan’s investments reaching 15.9 billion baht, followed by China at 11.5 billion baht, and Singapore at 6.35 billion baht.
The Business Development Department’s Director-General, Thosapone Dansuputra, stated that the Foreign Business Committee granted approval to a total of 274 investment applications under the Foreign Business Act within the period, revealing a 16% increase compared to the previous year. However, the total investment of 45.4 billion baht showed an 18% decrease from the same timeframe in the preceding year, Bangkok Post reported.
These investments have created employment opportunities for 2,999…
