Thailand opens BOI office in Beijing

Thailand Board of Investment (BOI) keeps its momentum going in full swing, with the opening of its new overseas office in Beijing. This is BOI's second office in China after the one in Shanghai. The BOI aims to attract more Chinese investment, particularly in machinery and equipment, metalworking, pharmaceutical and alternative energy. The agency will also open another China office in Guangzhou by the third quarter of this year. According to the BOI, the total value of net applications from China during Jan-Feb 2009 surged by 25.37% to Bt84 million (US$2.34 million), compared to the same period last year. During 2001-2008, there are over 357 Chinese projects approved by the BOI, valued at Bt38.96 billion (US$1.1 billion). Chinese investment in Thailand peaked in 2007 with the value of BOI-approved applications totaled Bt15.85 billion (US$442 million), the highest level during the past ten years.Nike Air Max 270