BOI gives grim report of Thai situation, employment down 53.5%

BANGKOK, 7 August 2009 (NNT) – Thailand’s Board of Investment (BOI) has reported that employment in the country dropped by a staggering 53.5% in the first 7 months of the year with requests for investment support down 5.3%.

The BOI reported that requests for investment support during the first 7 months of 2009–January to July–dropped from last year’s 701 instances to only 588 along with other downward trends including investment capital which decreased from last year’s 234 billion baht to 222 billion baht. Authorized share capital was also reported to be down despite domestic figures increasing from last year’s figures.

The entire situation has resulted in employment in Thailand slumping by over 50% compared to employment rates last year, according to the BOI.