BCPG and its subsidiaries announced total revenue of Bt802 million for this year’s first quarter, a 0.4 per cent increase from the same period of last year.

The company’s net profit of approximately Bt351 million was affected by foreign exchange volatility, causing a loss of Bt13 million from the depreciation of the baht against the yen, said CEO Bundit Sapianchai said. Revenues in Japan decreased due to frequent rains in Thailand and heavy snowfall in Japan, together with the foreign exchange volatility of Thai baht against Japanese yen.

APPROVED FOREIGN INVESTMENTS UP

The Foreign Business Committee in April this year approved 11 foreign firms to invest some Bt1.267 billion in Thailand, creating 162 jobs, said a Commerce Ministry spokesperson.

The foreign investors are from China, Japan, Germany and the Netherlands.

They will investment in financial advice, construction and infrastructure, petrochemical and retail sectors, Kullanee said.

In the first four months of this year, the committee approved investments by foreign firms in 84 firms, down from 88 firms in the same period of last year. However, the investment value totalled Bt4.87 billion, up 176 per cent from last year’s investment value of Bt1.76 billion.