Thailand says investment pledges at 10-year high in Jan-Sept
11:07 pm Sunday, October 20th, 2024
BANGKOK (Reuters) – Thailand’s investment applications rose 42% in the January-September period from the same period a year earlier, led by electronic manufacturing and data centre projects, the Board of Investment said on Monday.
The value of investment applications rose to 723 billion baht ($21.8 billion) during the period, the highest in 10 years, it said, with the majority coming from foreign investors.
Foreign investment applications increased 38% from a year earlier to 547 billion baht ($16.5 billion), with Singapore and China the top two investors, the BOI said in a statement.
“Thailand’s robust digital infrastructure, clean energy resources, and strong government support are providing the right environment for data centre and advanced technology investment, including wafer manufacturing,” it said.
($1 = 33.15 baht)
(Reporting by Kitiphong Thaichareon and Thanadech Staporncharnchai; Writing by Orathai Sriring; Editing by John Mair)
