Thailand foreign investment pledges slump 54% in 2020, outlook hazy


BANGKOK: Foreign investment applications in Thailand dropped 54% to 213 billion baht ($7.12 billion) in 2020 as companies were deterred by the coronavirus pandemic, while this year's outlook remains uncertain, an investment agency said on Wednesday.

Japan remains Thailand's biggest investor, with projects worth 76 billion baht, followed by China's 31 billion baht of pledges and the United States' 25 billion baht, the Board of Investment (BOI) said in a statement.

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