THB 729 bn BOI applications just waiting to get started
From the Bangkok Post:
The sub-committee is empowered and authorised to consider and approve large-scale investment projects worth from 200 million baht to 750 million. It is also tasked with screening and proposing projects with values in excess of 750 million baht for the main board’s consideration and approval.
So with the BOI reporting 291 projects worth THB234bn applied for investment privileges in 1Q14, that’s down by 48% and 10% YoY. However, foreign direct investment still rose 28% YoY to THB202b for 197 projects sent to the BOI. Most projects were for the 2nd phase of the eco-car scheme.
So putting a 2 & 2 together, once the BOI is up and running, which is supposed to be this month regardless of what the happens with the government, there is a FLOOD of projects coming, Industrial estate co’s will finally recover, namely TICON, AMATA, HEMRAJ, WHA
Data Sources: MBKET Thailand, Bangkok Post