Foreign investment in Aug up 5 per cent

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Thailand’s Foreign Business Committee has given the green light to 261 foreign investors with a combined investment of about Bt14.22 billion to invest in the kingdom during the first eight months this year, said Pongpun Gearaviriyapun, director-general of the Business Development Department.

The number of foreign investors allowed to invest in Thailand during January-August this year increased 10 per cent while investment rose 5 per cent from the corresponding period of 2013, said Ms Pongpun.

In August alone, the committee gave the approval to 36 foreign investors with combined investment of Bt1.17 billion to invest in Thailand, she said.

A total of 343 Thais will be employed.