Thailand says investment pledges at 10-year high in Jan-Sept

BANGKOK (Reuters) – Thailand’s investment applications rose 42% in the January-September period from the same period a year earlier, led by electronic manufacturing and data centre projects, the Board of Investment said on Monday.

The value of investment applications rose to 723 billion baht ($21.8 billion) during the period, the highest in 10 years, it said, with the majority coming from foreign investors.

Foreign investment applications increased 38% from a year earlier to 547 billion baht ($16.5 billion), with Singapore and China the top two investors, the BOI said in a statement.

“Thailand’s robust digital infrastructure, clean energy resources, and strong government support are providing the right environment for data centre and advanced technology investment, including wafer manufacturing,” it said.

($1 = 33.15 baht)