FDI approved
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The Commerce Ministry's Business Development Department has given approval for 37 foreign firms with initial investment capital of Bt1.66 billion to set up operations in Thailand this month under the Foreign Business Act.
However, the number of approvals in January has fallen by 31 per cent compared to January 2014, while the initial investment capital dropped 43 per cent.
Pongpun Gearaviriyapun, director-general of the department, said that foreign firms had trended to invest more following Asean integration and the government’s investment in infrastructure projects. She said that new foreign firms should continue to invest more in Thailand to serve business growth in Asean.
The government’s policy to support Thailand as a regional headquarters for foreign companies should also facilitate more foreign investment.
