BANGKOK, Nov. 9 (Xinhua) — Thailand’s funding functions between January and September rose 22 % from a yr earlier, boosted by tasks within the electronics, agro-industry, and automotive sectors, official information confirmed on Thursday.
In the primary 9 months of this yr, the nation’s total funding functions totaled 1,555 tasks, a rise of 31 % yr on yr, and their worth reached a mixed 516.8 billion baht (14.55 billion U.S. {dollars}), in response to the Board of Investment (BOI).
China emerged as the biggest supply of international direct funding (FDI) functions, contributing 24 % of the FDI worth with pledges value 97.4 billion baht, adopted by Singapore with 80.2 billion baht and Japan with 43.1 billion baht, the BOI mentioned in a press release.
The permitted funding tasks in 2023 are estimated to contribute 2 trillion baht in export worth and create over 100,000 jobs, mentioned Narit Therdsteerasukdi, BOI secretary common, within the assertion.
The constructive response displays confidence within the Southeast Asian nation for its interesting funding local weather via modern methods, he mentioned. (1 Thai baht equals 0.028 U.S. dollar)