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Bangkok Post
Bangkok Post
Business

Investment pledges slump in H1 as foreign projects wane

BoI BYD Thailand Economy
FILE PHOTO: People visit the BYD booth during a media day for the Auto Shanghai show in Shanghai, China, April 19, 2021. BYD has pledged a 17.9 billion baht investment project in Thailand, but overall investment applications fell during the first half of the year.(Reuters)

Investment applications in Thailand dropped by 42% in the first half of 2022 compared to the same period last year, official data showed on Wednesday, led by a sharp fall in foreign projects as the global economy slowed.

Foreign investments, which made up 60% of the overall 220 billion baht of applications in January-June, more than halved year-on-year, data from the Board of Investment (BoI) showed.

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