Foreign investment surges in first 2 months

Value of investment up 33% year-on-year

- WICHIT CHANTANUSORNSIRI

Foreign investment in the first two months of this year saw a 68% increase in the number of projects and a 33% rise in the investment value compared to the same period last year.

According to deputy government spokeswoman Sasikarn Watthanachan, the latest report on foreign business investment approvals under the Foreign Business Act (1999) reveals that 181 applications were approved in the first two months of this year, marking a 68% increase compared to the same period last year.

Of the total, 41 investment projects came through the foreign business licence application channel, with 140 from the foreign business certification letter application.