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  • Tom 8:04 pm on January 26, 2010 Permalink
    Tags: , construction, , , , , investment, , , licence, , , ,   

    Industrial Estate Authority expects 5% income rise in 2010 

    Industrial Estate Authority

    The Industrial Estate Authority of Thailand (IEAT) expects investment in the Map Ta Phut Industrial Estate to improve and a five per cent increase of income to reach Bt35 billion in the 2010 fiscal year, said IEAT governor Monta Pranootnorap.

    Groups of industries such as electronic parts, electrical appliances, and auto parts from Japan, Taiwan, China and Singapore are expected to invest in Thai industrial estates which are expected to grow about 20 per cent in the next five years, said the IEAT governor. (More …)

  • Tom 8:30 pm on December 1, 2009 Permalink
    Tags: , democratic, , , , , , , investment, , , , , , solidity   

    Solidarity important to AEC 


    Money: Flickr.com

    In order to have strong economic ties like the European Union (EU), ASEAN requires solidity among member states to overcome disparities and to build a single market and production base, according to a former member of the European Parliament.

    Dr Christoph Konrad, former Member of the European Parliament and designated Secretary-General to the SME Union of the European’s People Party, said that solidarity was the headline of the integration process in the EU.

    Solidarity was a good investment for the future of both the country itself and the region. “No matter how big a country is, richer countries always pay for poorer countries. We all know that if our neighbor country is successful, then we are too”, Dr Konrad said.

    However, before lending a hand to other countries, each country should check their own strengths and weaknesses to ensure sustainable development.

    Dr Konrad said that the ASEAN could take the EU as an example for its patience. The EU has taken over 50 years to build a single market and community. (More …)

  • Tom 4:26 pm on November 30, 2009 Permalink
    Tags: Bank of Thailand, , BOT, , Dong, Dong depreciation, , Dubai Crisis, , , , employments, global trade, investment, investments, panic, , , , Thai investments, , , Vietnam Dong,   

    No need for special measure over Dubai crisis and Dong Depreciation 

    The decoration of Dubai airport is dazzling

    The decoration of Dubai airport is dazzling: Flickr.com

    The Bank of Thailand (BOT) asked Thai citizens not to panic with Dong depreciation and the Dubai Crisis.

    Deputy Governor of BOT Achana Waikuamdee stated that the Dubai World’s debt repayment adjournment would slightly affect the Thai economy as the number of Thai investments in Dubai were rather low. While the weakening of the Vietnam Dong would not cause a great impact on the Thai economy as Thailand used US dollars in the global trade and investment. (More …)

  • Tom 9:32 pm on November 29, 2009 Permalink
    Tags: , , , Dubai economic, , , gold price, , investment, , OPEC, , payments, Petroleum, , , , , , , world stock market,   

    Dubai economic collapse has little impact on Thailand economy 

    The Business Bay Executive Towers in Dubai Metropolis

    The Business Bay Executive Towers in Dubai Metropolis: Flickr.com

    Dubai economic fallout would not affect trading between Thailand and Dubai, according to the Director of the Center for Economic and Business Forecasting (CEBF) of the University of the Thai Chamber of Commerce, Mr. Thanavath Phonvichai.

    Mr Thanavath stated that the case of the Dubai World, the main investment company in Dubai,which requested the rescheduling of payments of US$59 billion (2.1 trillion baht) in debts last Friday had to be closely monitored during these two weeks although a clear process had been announced by Dubai government. However, he also said that the situation would depend on the central government of United Arab Emirates (UAE), adding the rescheduling of debt payment could affect the world stock market and gold price worldwide. Additionally, he believed that a clearer operation would bring back a normal situation in Dubai and global countries. (More …)

  • Tom 9:23 pm on November 29, 2009 Permalink
    Tags: businesses, corporates, , , , Dubai World Company, financial crisis, investment, , , , , , , , , ,   

    SET believes Dubai financial crisis has no impact on Thai registered corporates 

    Dubai financial crisis

    Dubai: Flickr.com

    The Managing Director of the Stock Exchange of Thailand (SET) believed the financial crisis in Dubai had no impacts on Thai registered corporates, since the incident differed from the crisis in United States.

    Ms Pattariya Benjapolchai, the Managing Director of SET said that the organization had coordinated with the registered corporates and Thai joint venture businesses, to gather information of affected firms from the debt moratorium of Dubai World Company at 3,500 million USD. It was found that some businesses were defunct and some got 100 million THB damages, the situation was not a cause of concern anyway. (More …)

  • Tom 8:40 pm on November 29, 2009 Permalink
    Tags: alien workers, , , , British Ambassador, British entrepreneurs, , business services, Chamchuri Square, , , financial service, financial transaction services, , , foreign exchange operations, , investing, investment, , , juristic, , , , , ,   

    UK interests financial services in Thailand 

    financial services in Thailand

    Photo : Flickr.com

    The United Kingdom has shown interest in investing in Thailand‘s financial service as satisfactory figures on export and tourism sectors have been reported.

    Prime Minister Abhisit Vejjajiva, along with Lord Charles Powell of Bayswater and Mr Quinton Quayle, British Ambassador to Thailand, discussed economic issues in Thailand and the UK and deemed that both countries are going through a good recovery.

    Mr Abhisit stated that the government has expressed interest to promote the investment of Thailand by establishing the One Start One Stop (OSOS) investment center to facilitate and provide investment services to all investors in Thailand. (More …)

  • Tom 7:36 pm on November 29, 2009 Permalink
    Tags: , automotive parts, , chemical products, components, electrical appliances, fertilizers, investment, machines, Poland, Polish, , , , ,   

    Thailand and Poland to jointly expand trade 

    The Acting Director-General of the Department of Export Promotion (DEP) indicated that Thailand and Poland are promoting bilateral trade expansion by making Thailand as the gateway for Polish products to be distributed throughout Asia.

    Acting Director-General of DEP, Srirat Ratthapana, said after a discussion between Thailand and Poland that there was room for trade expansion between the two countries. Both sides agreed to have a joint investment in diverse aspects to add value to trade. Poland was particularly interested to make Thailand the production base and gateway to distribute products to other markets in Asia. (More …)

  • Tom 6:48 pm on November 29, 2009 Permalink
    Tags: , , , , Chiangrai, , Communist, , , , diversity, , geographic, , Guangdong, investment, , Kunming, partner, , , , , Thai Prime Minister, , values, Yunnan   

    Thailand and southern China strengthens economic partnership 

    Kunming Communist Party Secretary, Mr Qiu He and the permanent committee of Yunnan Communist Party of China yesterday paid courtesy calls to Prime Minister Abhisit Vejjajiva at Government House. The visit was aimed to strengthen trade and investment relations between Thailand and China as well as China and all ASEAN countries.

    China values Thailand as the country’s economic partner, according to Mr Qiu He. Thailand-China were praised for their bilateral relations. Mr Abhisit stated that the Thai government has a plan to extend economic relations with China. The plan specifically focuses on manipulating one- on-one province relationships. The government has also considered setting up a group of Thai representatives in Guangdong to enhance both countries’ problem-solving cooperation. (More …)

  • Tom 9:19 pm on November 28, 2009 Permalink
    Tags: border, Buriram, , , , , investment, , , regions, retail shop, , , , trading points   

    Buriram and Chiang Rai to be promoted as border trading points 

    The Thai Chamber of Commerce is encouraging Chiang Mai and Buriram to open border trading points to promote trade and investment with Myanmar and Cambodia respectively.

    The Chairman of the Thai Chamber of Commerce, Mr Dusit Nontanakorn, today met with the provincial Chamber of Commerce of Buriram to discuss ways to promote trade and investment in the region.

    They also discussed the organizational development and information exchange between the Thai Chamber of Commerce in Bangkok and other regions. (More …)

  • Tom 9:16 pm on November 28, 2009 Permalink
    Tags: agencies, , Dashboard, , FDI, , , investment, , , JETRO, , , , , , , , , , UNCTAD, , world economic slump   

    Investment potential in Thailand remains high 

    The current situation in Thailand with political conflicts among the people, the southern border problem, the world economic slump, and lately the action taken by the Thai court in suspending 76 projects in Map Ta Put industrial zone, seems to affect investors’ decision-making in putting their investment in Thailand.

    However, quite a number of investors are still confident to expand their investment in Thailand such as LG Electronics (Thailand) Co., Ltd., and Nissan Motors. Those entrepreneurs kept expanding their business bases in Thailand since they remain satisfied with the government’s performance and the advantages that could be gained from investment in Thailand. (More …)

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