Thailand's investment applications up 35% to 10-year high in 2024

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Bangkok Post 5h ago

Thailand's investment applications up 35% to 10-year high in 2024 - Bangkok Post

Quick Summary:

Thailand's overall investment applications rose 35% in 2024 to 1.14 trillion baht, a 10-year high, led by foreign investment in data centres and cloud services, the government said on Monday.

"We expect this trend to get even stronger in 2025 following the setup of Thailand’s Semiconductor Board and the need for more companies to mitigate risk in view of the current geopolitical situation," he added.

Foreign investment pledges alone increased 25% year-on-year to 832 billion baht, the Thailand Board of Investment (BOI) said in a statement.