"Investment applications should pick up from the second quarter," says Hirunya Suchinai, secretary-general of the Board of Investment. Thai and foreign investors submitted investment applications worth a total of 62 billion baht in the first quarter of 2017, Hirunya Suchinai, secretary-general of the Board of Investment (BoI), told reporters. That compares with about 90 billion baht in proposals in January to March 2016. Japan remained Thailand's biggest foreign investor in the first quarter with investment applications worth 16 billion baht, followed by Hong Kong and Singapore, Mrs Hirunya said. The agency still expects overall investment applications at 600 billion baht this year, helped by new bills to promote investment and competitiveness, which became effective in March, Mrs Hirunya said.

Source: Bangkok Post May 09, 2017 08:15 UTC