Dear Partners, Colleagues and Friends,
Happy Summer! I hope our quarterly newsletter finds you well, enjoying your summer and reconnecting with family and loved ones.
Our team here at BOI New York has been speaking with many of you and it feels good to be back to business and hearing about how your companies are weathering the pandemic.
I am pleased to report that the majority of companies we have been working with in North America are doing well, are expanding, and are looking to the future with renewed optimism. Optimism seems to be in abundance across North America and we certainly feel the energy and urgency in our conversations with companies across a wide-range of industry sectors.
Inward investment news from Thailand is positive. A recent report on FDI (foreign direct investment) into Thailand from January to June, indicates that foreign investment applications jumped 14% and FDI into Thailand quadrupled during this time frame. We have seen a great deal of activity in the electrical appliance/electrical sector, as well as increased investment in the medical sector. For a copy of the full FDI report, you can CLICK ON THIS LINK.
Before you review the news and information we have curated for you in our newsletter, I want to make you aware of a webinar that our New York team will be co-hosting with our BOI colleagues in Los Angeles. The topic focuses on Semiconductors and it will be taking place on September 9th, so please be sure to put a "save the date' on your calendars. (You can find a link to the registration below.)
Semiconductors are top-of-mind these days, so be sure to tune in on Thursday, September 9th at 9 am Pacific Time / 12 pm Eastern Time, to learn more about semiconductor solutions in Thailand.
Best wishes to you all and I hope you enjoy these last weeks of summer. As always, my team and I stand ready to assist you with any questions or information you may have regarding doing business in Thailand.
Director, New York
Thailand Board of Investment