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Economy

Foreign investment down 78% despite incentives

Prime Minister Prayuth Chan-ocha announcing additional corporate incentives this past November in Bangkok

BANGKOK -- Foreign investment in Thailand plunged 78% on the year for the January-November period of 2015, an unwelcome development for a government trying to charge the economy with corporate tax incentives.

     The total amount listed in direct investment applications fell to 93.8 billion baht ($2.62 billion). And the number of applications tumbled 37% to 513.

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