BANGKOK — Singapore ousted China as Thailand’s top source of foreign direct investment in 2024 as Chinese and American companies increasingly used their bases in the city-state to initiate projects, particularly new data centers and electronics factories.
The digital and electronics sectors attracted a combined 475 billion baht ($13.6 billion) last year, including pledges from global tech giants like Google to set up data centers in Thailand, the Thai Board of Investment announced on Monday.
