Thailand Investment Figures Q1 2023

In March 2023, the Bank of Thailand (BoT) forecast Thailand’s GDP growth at 3.6% in 2023. The economy is forecast to continue to recover driven mainly by tourism and private consumption. Since 2023, the monetary policy committee (MPC) has raised the policy rate twice from 1.25% to 1.75%.

There was one real estate investment trust (REIT) with additional investment:

•   PROSPECT made two additional investments in the Bangkok Free Trade Zone 2 Project and Bangkok Free Trade Zone 3 Project with a total value of THB 1,768 million.

There were fifteen new joint venture projects established, including one each from Thai Medical Group, Intermedical Care and Lab Hospital Public Company Limited, AssetWise Public Company Limited, Amata Corporation Public Company Limited, Thanasiri Group Public Company Limited, Asia International School Limited, and Bangkok Chain Hospital Public Company Limited, as well as eight joint ventures from Origin Property Public Company Limited.