17 more foreign businesses approved with Bt1.8 bn initial investment
Another 17 foreign companies have won approval to set up businesses in Thailand this month, bringing at least Bt1.8 billion of initial investment, a Business Development Department report showed yesterday.
Itiipol Changlum, deputy director-general of the department, said this showed that foreign companies still want to do businesses in Thailand despite the severe flooding in some provinces.
“Thailand is still an interesting destination for investment thanks to its strong economic fundamentals and the government’s clear plan to boost the economy with post-flood recovery measures. The government will urgently facilitate investors, as investment one of the engines driving the economy,” Ittipol said.
The businesses approved to begin operations this month will create at least 372 jobs for Thais.
Top foreign investors are from Japan and Singapore, mainly businesses involved in high technology and infrastructure development.
Besides providing jobs, this sort of investment benefits Thais through technology transfer, Ittipol said.
The most popular businesses for foreign investors here are financial services, automobiles, construction, fuel sourcing, and retail and wholesale.
