Economy and commerce
Investment
Local startup deals down, funding surges
The number of startup funding deals plunged to 30 in 2020, down from 41 the year before, due to the pandemic as investment focused more on companies in the growth stage, according to tech media Techsauce.However, the total investment in local startups surged to US$364 ...
Suchit Leesa-Nguansuk
Private sector expected to shore up EEC activity
Real investment in the government’s Eastern Economic Corridor (EEC) is estimated to reach 400 billion baht this year, driven largely by private investment and key infrastructure development projects.Of the total, 300 billion baht is expected to be generated by private investment, while 100 billion would ...
Bangkok Post Reporter
EEC Expects 300-billion-baht Investment This Year
The Eastern Economic Corridor (EEC) has expected investment to triple to 300 billion baht this year as investment projects previously held by the coronavirus outbreak get pushed forward again.EEC Secretary -General Kanit Sangsubhan said actual investment in the EEC could be up from 96 billion ...
NNT Reporter
Investor confidence improves but new Covid wave drags
Investor confidence in Thai financial markets over the next three months has improved slightly on optimism over vaccines and capital inflows, but has been capped by a new wave of coronavirus cases, a capital market association said on Tuesday.A survey in January by the Thai ...
Govt targets B300 bn investments in eastern corridor this year
The government aims to boost investment in the country’s industrial east this year by 44% to around 300 billion baht, a deputy prime minister said on Monday, after a 45% drop last year due to the impact of the coronavirus pandemic.The amount would be a ...
BOI calls for meeting with foreign representatives to boost investment opportunities in Thailand
Thailand’s Board of Investment (BOI) said on Wednesday that it had managed to hold a meeting with representatives of Foreign Chambers of Commerce to enhance confidence among investors and facilitate those who are interested to invest in Thailand.Duangjai Asawachintachit, BOI’s secretary general, said that 35 ...
Value of business investment applications falls 15% this year
The total value of business investment applications fell 15 per cent in the first three quarters of 2020 despite a slight rise in the number of firms applying, the Board of Investment (BOI) said on Wednesday.Foreign and local applications from January-September rose to 1,098, as ...
The Nation Reporter
Foreign investment pledges fall 29% y/y Jan-Sept
Foreign investment applications in Thailand amounted to 118.5 billion baht in January-September, down 29% from a year earlier, as investors were deterred by the coronavirus pandemic, an investment agency said on Wednesday.Foreign investors remain interested in the country, despite months of political protests.Keep reading ...
Finance Ministry prepares tax adjustments to lure FDI
The Finance Ministry is preparing to adjust the tax structure to incentivise foreign investors in preparation for a full reopening of the economy.One of the planned measures to stimulate the economy is adjusting the tax structure as a short-term boost for individuals and the private ...
Wichit Chantanusornsiri
Thailand warms to China's ventures
The Chinese government is ready to enable an expansion of investments in Thailand and connect its Guangdong-Hong Kong-Macau Greater Bay Area (GBA) with the Thai government’s flagship Eastern Economic Corridor (EEC), Chinese Foreign Minister Wang Yi pledged on Thursday.Keep reading ...
Mongkol Bangprapa