Bangkok Post (17 Nov 2007)
Tokyo - Thailand again was the favoured investment destination in Asean for Japanese business in the first half of this year, according to data from Japan's Finance Ministry and the Bank of Japan.
The figures showed Japanese investors invested most in Thailand, to the tune of US$1.19 billion, followed by Singapore with $879 million and the Philippines with $578 million.
The figures were reported by a Thai News Agency (TNA) reporter accompanying a delegation of Thai business leaders travelling to Japan, led by Deputy Prime Minister and Industry Minister Kosit Panpiemras.
Last year, Japan invested most in Malaysia with $2.94 billion, following by Thailand with $1.98 billion.
Although Thailand resumed the top rank in attracting Japanese investments, figures released by the Board of Investment stated that applications for investment promotions by Japanese investors in the first 10 months of this year totaled 262 projects valued at Bt88.81 billion, down from 299 projects totaling Bt92.74 billion in the same period last year.
Mr Kosit said his delegation had informed the Japanese investment community that Thailand's industry had already shifted from its previous labour intensive-base into a knowledge and technology-based one.
So, the country needed investment in industries that relied upon high technology.
At the same time, he said, BoI's investment promotion policy had given importance to investment activities to boost the quality of society as well as community development.
The current government had encouraged state, private and community sectors to cooperate in the development of Thailand's investment and industrial sectors.
He believed the move would benefit the country in the long run.
1 comment:
It is clear that wisely selected overseas property can offer some very secure and lucrative opportunities. That's why foreign developers and especially Japanese investors and property-fund managers are continuing to expand their investments in Thailand property market, particularly in the hospitality industry that is clustered around the country’s leading tourist destinations. They have one thing in common: strong confidence that the property market has potential for growth next year, despite the economic doldrums of the past 12 months.
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