BOI, investments : number of applications crashed by 22 % during first semester

Investment projects seeking promotional privileges from the Board of Investment of Thailand (BOI) during the first six months of this year decrease by 22% from the same period of last year, according to the source from BOI.

Statistics showed 465 projects asking for investment promotion in the first six months of the year, against 596 projects last year. The total projects were worth 183 billion baht, a decrease by 7% from 197 billion baht last year.

Most of the projects are in service business and the public utility industry

Coming second was agriculture and agricultural products at 14.8 billion baht, an increase by 11% from 13.3 billion baht last year. (PRD)

It’s important to remember that we are talking about “applications”… The final figures (AKA the real investments) are likely to evolve.

I think the number of applications is much more meaningful than the total amount.

Anyway. It’s just another Green Shoots. 😉

2 Responses to “BOI, investments : number of applications crashed by 22 % during first semester”

  1. 1 George P Tuckeer 16 July 2009 at 4:12 pm

    Investments have collapsed around the world. The figures for Thailand aren’t so bad.

    Investors seem to have gone ahead without worrying much about the dampening effects of a strong Baht and political unrest.

    I’m just guessing here, but it would be reasonable to assume that, since the percentage of investments pulled is greater than the total amount, it’s the smaller, weaker investors who couldn’t get financing in current cautionary circumstances that have pulled out. These would be the very ones who would most likely have failed anyway.

    On the whole, I’d say Thailand has fared surprisingly well.

    You’re right of course that in the end, it’s *actual* investment that matters so we’ll just have to wait and see. I do believe though that applications is a pretty good leading indicator.

  2. 2 antipadshist 19 July 2009 at 6:27 am

    A sudden worldwide currency revaluation is imminent

    BTW have anyone noticed recent introducing of the proposed new global reserve currency gold coin at G-8 summit in Italy ? 😉

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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