Thailand's investment pledges slump in H1 as foreign projects wane

BANGKOK : Investment applications in Thailand dropped by 42 per cent 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.

But a surge in electric vehicle and digital investments bucked the trend, and the BOI said on Wednesday it had approved several new major investment pledges. The Southeast Asian country has promoted high-tech sectors and supported EVs to maintain its status as a regional auto production base.

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