October 20, 2008
Bangkok - Five investment projects were approved by the Board of Investment (BoI) after an 8-9-month pause. This is part of the six measures to fight global financial crisis.
BoI hoped the investments would help reduce the impact of world economy on Thai economy.
The five projects totally valued more than eleven billion baht.
Companies getting the BoI’s approval were Metro Particle Co Ltd, Khon Kaen Glass Industry Co Ltd, Siam Gypsum Industry (Saraburi) Co Ltd, Mr. Hironori Mishifushi’s cast iron project, and PTT Utility Co Ltd.
Several investors have applied for BoI’s approval in the first nine months of this year. Investment funds valued 340 billion baht.
It was expected the investment figures would be about 100,000 million baht more until this year-end.
BoI planned to push more large projects next year.
It expected the investment funds would reach about 650 billion baht in 2009.
