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Thailand witnessed a significant increase of 42% in investment applications during the January-September period compared to the previous year. The surge was mainly driven by electronic manufacturing and data center projects, as reported by the Board of Investment. The total value of investment applications reached 723 billion baht ($21.8 billion), marking the highest level in a decade, with the majority of investments coming from foreign sources.
Foreign investment applications saw a 38% rise year-on-year, amounting to 547 billion baht ($16.5 billion). Singapore and China emerged as the top two investors, according to the BOI. The board highlighted Thailand’s conducive environment for data center and advanced technology investments, attributing it to robust digital infrastructure, clean energy resources, and strong government support, including in wafer manufacturing.
The exchange rate is mentioned as $1 = 33.15 baht.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
