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Thailand sees 22% drop in investment pledges this year

13 Tháng Chín 2022
Thailand sees 22% drop in investment pledges this year

BANGKOK (Reuters) - Thailand expects overall investment applications to drop by 22% to 500 billion baht ($13.76 billion) this year after a first-half slump, its government said on Monday.

The government, however, is hoping its measures to promote investment, including a long-term resident visa launched this month, will draw more foreign investors later this year, spokesman Anucha Burapachaisri said in a statement.

The Southeast Asian country has promoted high-tech sectors and supported electric vehicles to maintain its status as a regional auto production base.

In the January-June period, Thai and foreign investment pledges slumped 42% to about 220 billion baht, due mainly to a large power plant project last year, according to the Board of Investment.

Foreign investments, which made up 60% of the overall applications in the January-June period, more than halved year-on-year.

($1 = 36.34 baht)

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 EUR/USD0.9857↑ Sell
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 USD/JPY144.70↑ Buy
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 USD/CAD1.3680↑ Buy
 EUR/JPY142.62↑ Sell
 EUR/CHF0.9731Buy
 Gold1,713.70↑ Sell
 Silver20.087↑ Sell
 Copper3.4575↑ Sell
 Crude Oil WTI86.09↑ Sell
 Brent Oil91.45↑ Sell
 Natural Gas6.931Sell
 US Coffee C223.88↑ Sell
 Euro Stoxx 503,436.05↑ Sell
 S&P 5003,737.80↑ Sell
 DAX12,483.08↑ Sell
 FTSE 1007,022.70↑ Sell
 Hang Seng18,087.97↑ Buy
 Small Cap 20001,737.55↑ Sell
 IBEX 357,538.73↑ Sell
 BASF41.990Sell
 Bayer48.91Neutral
 Allianz165.61↑ Sell
 Adidas122.34↑ Sell
 Lufthansa5.957Neutral
 Siemens AG103.74↑ Sell
 Deutsche Bank AG8.001↑ Sell
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