Foreign investment in Thailand plummeted last year, official data showed, the latest sign that the kingdom’s once-vibrant economy continues to falter under prolonged military rule.
Total investment applied for by foreign companies between January and November 2015 plunged 78% from a year earlier to 93.8 billion baht (US$2.62 billion), according to figures from Thailand’s state-run Board of Investment (BoI) sent to AFP late Tuesday.
The figures will do little to cheer junta leader Prayut Chan-O-Cha, who seized power in a May 2014 coup vowing to restore stability but who has struggled to kick-start the country’s lacklustre economy.
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Total investment applied for by foreign companies between January and November 2015 plunged 78% from a year earlier to 93.8 billion baht (US$2.62 billion), according to figures from Thailand’s state-run Board of Investment (BoI) sent to AFP late Tuesday.
The figures will do little to cheer junta leader Prayut Chan-O-Cha, who seized power in a May 2014 coup vowing to restore stability but who has struggled to kick-start the country’s lacklustre economy.
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