Search Results for: foreign investment
- Thailand Travel
True Digital Park and BOI join forces to propel foreign investment to Thailand
True Digital Park, the largest tech and startup hub in ASEAN, is moving forward to drive Thailand to become a destination for foreign investors and entrepreneurs, aiming to boost Thailand’s Foreign Direct Investment (FDI). Highlighting its comprehensive startup and tech entrepreneur ecosystem, True Digital Park joined forces with the Board of Investment of Thailand (BOI) to attract foreign investors by…
- Business News
Thailand sees record 1.13 trillion baht foreign investment boost
Prime Minister Paetongtarn Shinawatra expressed optimism about Thailand’s economic prospects, highlighting significant foreign investment, which reached over 1.13 trillion baht last year, the highest in a decade. In a monthly Empowering Thais TV segment aired by the National Broadcasting Services of Thailand, the premier shares her optimism in regards to economic trajectory, despite last year’s 2.5% growth. “We will work…
- Business News
Thailand banks on foreign investment to power economic surge
Bangkok Bank remains bullish on a surge in foreign direct investment (FDI) into Thailand, anticipating it will turbocharge the nation’s economy in the coming years despite global uncertainties. At the 2025 ASEAN Business Forum helmed by the bank last Thursday, Bangkok Bank President Chartsiri Sophonpanich unveiled striking figures: Thailand’s investment applications soared by 35% in 2024, hitting a decade peak…
- Business News
E-Foreign Business service said to simplify foreign investments
The Department of Business Development (DBD) is set to launch a new online service this month, the e-Foreign Business is aimed at streamlining the process for foreign investors to apply for business permissions in Thailand. Director-General of the DBD, Auramon Supthaweethum highlighted that the new system is designed to shorten the processing time for business registrations and reduce the volume…
- Pattaya News
Thailand sees surge in foreign investment in Q1
Thailand has seen a recent surge in foreign investment, according to recent statistics from the Thai Ministry of Commerce. Government spokesperson Chai Watcharong yesterday, April 25, unveiled these numbers, highlighting a significant upsurge in foreign investment within the first quarter of 2024. A staggering total of more than 35 billion baht has been funnelled into the Thai economy by foreign investors,…
- Business News
Thai economy struggles post-election, foreign investment declines
Thailand’s economy continues to struggle despite the first General Election since 2019, which was anticipated to stimulate growth and attract foreign investors. Instead, the nation has seen its benchmark stock index decline for the fifth quarter consecutively, foreign investment is waning, and the baht is showing the second-worst performance amongst Asian currencies. According to Narongsak Plodmechai, CEO of SCB Asset…
- Business News
Thailand forecasts 558 billion baht foreign investment in key sectors
Following a series of global roadshows led by Prime Minister Srettha Thavisin, the Board of Investment (BoI) anticipates a surge of at least 558 billion baht (US$15 billion) in foreign investment inflows into Thailand. The funds are expected to be channelled primarily into four critical sectors – digital, electric vehicles (EVs) and components, electronics and semiconductors, and logistics. BoI’s Secretary-General,…
- Business News
Scent-sational: Thailand set for foreign investment surge in fragrance oil
A surge in foreign investment in Thailand’s fragrance oil and aroma compound production is anticipated, which could boost the nation’s cosmetics industry, according to the Federation of Thai Industries (FTI). This follows a decision by a French firm to produce fragrance oil from Thai flowers, a move that showcases the country’s potential as a hub for the health and beauty…
- Business News
Thailand’s Land Bridge project eyed as foreign investment magnet
The Land Bridge project in southern Thailand, a proposal yet to be approved, is being highlighted as a potential boon for foreign investments, akin to the successful Eastern Economic Corridor (EEC). This comparison is drawn by the current government. The EEC, unlike the proposed Land Bridge, is operational and continues to develop, acting as a high-tech industrial hub drawing investments.…
- Business News
Record-breaking business registrations and foreign investment in Thailand
Business registrations in Thailand soared to an all-time high in the previous year, exceeding 85,000, a figure not seen in the last decade. These registrations represented a total registered capital of 560 billion baht (US$15 billion). Foreign investment also saw a significant rise, hitting 130 billion baht (US$3.6 billion) in 2023, with Japan leading the investment pool. Projections for the…
- Business News
SET foresees market recovery with return of foreign investment
The Stock Exchange of Thailand (SET) anticipates a recovery in return on investment this year, mirroring trends in regional markets due to an influx of foreign capital since 2023’s final quarter. Last year, foreign investors sold off Thai stocks amounting to US$5.51 billion, contrasting with 2022’s net purchase of US$5.96 billion. Nevertheless, foreign long-term investors held steady, owning around 30%…
- Business News
Thai Cabinet reshuffle could impact economy and foreign investment
The Thai Cabinet, currently conducting mobile meetings in Nong Bua Lam Phu – the country’s poorest province, is speculated to face potential reshuffles in leadership or dissolution in the coming year, intensifying the political activities across various Thai provinces. Such changes could pose a risk to the country’s economy, given the current administration is only a few months old. The…
- Business News
Thai economy in crisis: Government seeks foreign investment and tackles debt
The economy in Thailand is in crisis and needs some significant stimulation, according to the nation’s Prime Minister Srettha Thavisin, who also acts as the Thai Finance Minister. The nation’s reliance on tourism has been heavily impacted by lower-than-expected foreign arrivals, resulting in a need to prioritise foreign investment and tackle household debt. The 61 year old prime minister made…
- Business News
Prime Minister announces initiatives to attract foreign investment in EEC
Prime Minister Srettha Thavisin unveiled a strategic plan during a mobile meeting aboard special train No 995 aimed at intensifying efforts to allure foreign investment into the Eastern Economic Corridor (EEC). Departing from Bangkok Station in Hua Lumphong and heading to Laem Chabang Station in Chon Buri’s Sri Racha district, the prime minister took the opportunity to assess and survey…
- Thailand News
Economic reformation in action: Thailand open for foreign investments amid polycrisis
Prime Minister Srettha Thavisin declared Thailand’s openness to foreign investments and readiness to collaborate with the private sector for an economic reformation to create an inclusive and sustainable future. Speaking on Wednesday at the Foreign Industrial Club Gala Dinner, the Thai PM’s speech, titled Reformation of Thai Economy Amidst Polycrisis, was summarised by government spokesperson Chai Wacharonke. The 61 year…
- Thailand News
Thailand signals reopening for foreign investment at UNGA78, says PM Srettha
Srettha Thavisin, the Prime Minister of Thailand, declared his attendance at the 78th United Nations General Assembly (UNGA78) session in New York a triumph, as it signalled that Thailand is reopening its doors to foreign investment. PM Srettha, who also holds the position of finance minister, shared this positive outlook with the press following his address at the UNGA78 general…
- Business News
Thailand sees 17% boost in foreign investment, hitting 58.9 billion baht in 7 months
Thailand saw a 17% increase in foreign investment, reaching 58.9 billion baht in the first seven months of this year. The announcement was made yesterday by Rachada Dhnadirek, the deputy government spokeswoman. Investors from Japan played a major role, with 94 groups contributing 19.89 billion baht. The United States followed with 67 entities investing 3 billion baht. Singapore had 61…
- Economy News
Foreign investments bolster Thai economy with 58.9 billion baht boost
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…
- Business News
Thailand’s real estate sector eyes foreign investment boost
With an eye on boosting the economy, real estate developers and consultants are urging Thailand‘s new government to implement policies that promote foreign investment. They believe such measures will stimulate a more positive environment for overseas buyers in the property market, suggesting promotional efforts to increase awareness among foreign investors. Artitaya Kasemlawan, head of residential sales projects at CBRE Thailand,…
- Business News
Thai foreign investment outlook positive amid political shift
The Industrial Estate Authority of Thailand (IEAT) and prominent business leaders expressed optimism about foreign investment in the country this year, despite delays due to the formation of a new government. IEAT Governor Veeris Ammarapala stated that foreign investors are expected to understand the evolving political landscape in Thailand, including the transition towards a Move Forward Party-led coalition government. At a…
- Thailand video news
Thailand News Today | High alert for Omicron, Foreign investment troubles for Thailand | Dec 2
In today’s program, An analyst says Thailand’s absence from the Summit for Democracy could cause it to lose foreign investment. The country is now on high alert for Omicron, and this year’s ranking of best places to live in Southeast Asia is out. We’ll find out where Bangkok ranks.
- Thailand News
Thailand’s exclusion from US Summit for Democracy could impact foreign investment
The exclusion of Thailand from the US’s virtual Summit for Democracy could cause Thailand to lose foreign investment. More than 100 democratic nations were invited to the event hosted by US President Joe Biden while Thailand sits on the sidelines with other nations including Vietnam, Laos, China, and Russia. The summit focuses on three key themes: Defending against authoritarianism, addressing…
- Visa Information
Cabinet approves long-stay visa regulations as Thailand seeks more foreign investment
As Thailand prepares to re-open without quarantine to select vaccinated tourists, 2 draft regulations related to long-stay visas have been approved in principle. According to a Bangkok Post report, the long-stay visa programme aims to attract 300 billion baht in foreign investment as the government tries to kick-start the economy. Spokesperson Traisuree Taisaranakul says the Interior Ministry issued the draft…
- Economy News
Ease on foreign investments and cut on official interest rate
The Bank of Thailand will now allow Thai residents to send money overseas to invest directly and the domestic trading in gold in foreign currencies. The Central bank governor Veerathai Santiprabhob says the move should help slow the baht’s worryingly rapid appreciation. The new measures will come into effect tomorrow. Exporters will be allowed to invest their earnings abroad, up to…
- Business News
TMB – strong baht hits foreign investment funds
TMB Bank are reporting that the strong baht has cut the value of the foreign investment fund under fund management, falling by 27 billion baht from 1.2 trillion baht at the start of the year. TMB said the drop reduced the fund’s return by 0.47%. The least impacted funds are those covering oil investment, gold, and property funds, at 0.53%,…
- Property
Shanghai Property Expo to showcase foreign investments
PHUKET: If you are looking to buy, sell or rent a property, then make a note on your schedule to visit the 2014 Shanghai Real Estate Expo from December 8-10, and check out the hundreds of properties on offer, all under one roof. The three-day free exhibition, which takes place in Shanghai’s financial district, will feature leading overseas developers, real…
- Business News
Opinion: Thailand’s choice – standing at a crossroads over foreign investment
Mark Kent has been British ambassador to Thailand since August 2012. Prior to that he spent a year learning Thai at universities and language schools in Bangkok, Chiang Mai and Khon Kaen. He is also an alumnus of the King Prajadhiphok’s Institute course in Politics and Governance. Mark comes from Lincolnshire. He has a degree in Law from the University…
- Phuket News
Foreign investment goosing local economy
PHUKET: Foreign investment in Phuket is still booming, according to the latest statistics from the Provincial Commercial Registration Office, which show that 95% of the businesses registered between June 1, 1998 and May 31, 2000 have foreign capital in them. This compares with about 65% in the two years up to May 31, 1998. “If we didn’t have the foreign…
- Thailand News
Foreign minister: China’s banking giant to boost tech investment
Thailand’s Minister of Foreign Affairs Maris Sangiampongsa met with Ge Haijiao, Chairman of the Bank of China, on Wednesday, July 10, during his official visit to China. The meeting, held to bolster Thai-Chinese economic ties, saw the presence of Pongsarun Assawachaisophon, Deputy Secretary-General to the prime minister. In a strategic pitch, Maris extended an invitation to the Bank of China to…
- Business News
SET unveils plan to boost foreign and family business investments
The Stock Exchange of Thailand (SET) unveiled a strategic business plan targeting foreign industries operating in Thailand and family businesses, aiming to boost market capitalisation. SET executives highlighted the shift in investment trends, particularly post-pandemic, with technology stocks rising as traditional businesses adapt to the digital age. SET officials noted that the Thai market has faced trust and confidence issues…
