Featured Stories Featured Stories GM Revs up ASEAN Expansion ‘Build where you sell and source where you build’ strategy is beginning to pay off for US automaker. New Strategy Calls for BOI Law's Revision Changes likely to affect overseas investment, promotional period, tax Thailand's Chemical Industry to Benefit from ASEAN Integration Local chemical businesses stand to reap rewards from the imminent Asean Economic Community (AEC) if they can successfully address several challenges, say industry executives. Thailand's Economic Outlook Projection 2013 In Thailand's Economic Projection for 2013 (as of March 2013), Mr. Somchai Sujjapongse, director general of the Fiscal Policy Office, announced that the Thai economy in 2013 is expected to grow steadily, by 5.3 percent... 2012 Industrial Recap and 2013 Outlook As the first quarter of 2013 drew to a close, the Ministry of Finance increased its 2013 GDP growth projection to 5.3%, and the Bank of Thailand has signaled that it will increase its 2013 outlook from the earlier projection of 4.8%. A Strategic Look at Thailand One of the overall economic concerns Thailand faces is that they are in a 'middle income trap', but the government has plans to address this concern. Thailand: A Country with a Plan Building on its already strong manufacturing base, Thailand is positioning itself to become the center of the ASEAN Economic Community. Autoliv Adds Another Asian Airbag Plant To support the rapid growth in vehicle production and airbag fitment rates in Asia, Autoliv Inc. – the global leader in automotive safety systems – has begun the construction of an airbag manufacturing plant in Chonburi, 70 km East of Bangkok. World Moto, Inc. Approved by the Thai Science Ministry World Moto's application for inclusion in the Thailand Science Park (TSP) was approved on April 10 from the NSTDA under the authority of the Thai Science Ministry. The approval grants World Moto the right to ... Ford Sees Thai Eco Vehicles as Gateway to Southeast Asia Ford Motor Co.’s factories in Thailand are capable of producing eight times more vehicles than it sells locally. With help from a Thai government program, the automaker plans to make sure the excess capacity doesn’t become a liability like at its plants in Europe. Thailand Promote Agriculture and Medical Sector at BIO 2013 BOI and TCELS hosted a dinner talk during the recent BIO 2013 International Convention in Chicago, USA. Prof. Sirirurg Songsivilai, Executive Director of National Nanotechnology Center (NANOTEC) was invited to give the keynote talk to interested investors and entrepreneurs attending BIO 2013. Ford Consolidating Fiesta Production in Thailand Ford Motor Co. plans to free up much-needed production capacity in North America by shifting manufacturing of its Fiesta subcompact car to Thailand in 2016, according to sources familiar with the company's plans. Outward Bound: Emerging Sources of FDI It is often cited that the BRIC economies – Brazil, Russia, India and China – offer the best opportunities for growth. It would therefore follow that outward FDI flows from these countries are also expanding but ... We're Thai and We're Connected! Thailand has moved up another five places in a year and is second in global connectivity in the region - and a surprising 15th most globally connected nation in the world. EC's first PV Venture in Thailand Norwegian company Renewable Energy Corporation (REC) has supplied close to 41,000 solar panels to a 9.5 MW power plant in Chiang Rai, in northern Thailand. The company has also opened its own Bangkok office. Baxter International Inc. Commits to Thailand’s Healthcare Industry Baxter partners with universities, healthcare institutions and government agencies to address issues related to standards of care and access barriers to critical care. Baxter announced a $70 million investment in a new manufacturing facility for Peritoneal Dialysis (PD)... Thailand Aiming to Become Center for Regional Operating Headquarter for Multinational Companies as Implementation of AEC 2015 Approach As implementation of ASEAN Economic Community 2015 is approaching, Thailand is aiming to become center for Regional Operating Headquarter (ROH) for multinational companies who .... BOI OSOS - One Stop Service Center for Investors in Thailand Thailand's investment promotion has been one of the most successful schemes in Asia due to consistent investment policies and strong support from the government. Thailand recognizes that... Packaging Manufacturer Opens Factory in Thailand Rapak, a manufacturer of liquid bag-in box packaging and filling systems, announced on Monday that it has opened a new manufacturing facility in Chachoengsao, Thailand. Software Park Thailand Aspires to be Regional Hub Software Park Thailand aims to be the "businesses intelligence" hub for Thailand's software industry by 2015 - a global software gateway - bridging the gap between local and foreign industry players. Thailand Paves Way for Machinery and Automotive Industry Growth ASEAN's Leading Industrial Machinery & Subcontracting Exhibition Prepares Southeast Asia for 2015 AEC with Advanced Technology, Products, and Global Business Opportunities Strong Auto Sector Attracts Machine Builders to Thailand Thailand is a major global manufacturer of motor vehicles, turning out 2,453,717 passenger and commercial vehicles in 2012 according to the ASEAN Automotive Federation... World Bank Sees Better Growth in Thai Economy The World Bank has lifted its economic growth outlook for Thailand in its latest report, released in Singapore on Monday. The bank forecasts the Thai economy will grow 5.3% this year, up from its 5% prediction in December, ... Thailand Welcomes More US Investment Prime Minister Yingluck Shinawatra welcomed a group of business people from the US-ASEAN Business Council, who paid a courtesy call on her on 10 April 2013, during its annual visit to Thailand. ASEAN Fiber Laser Technology Debut at Intermach Thailand ASEAN's Leading Industrial Machinery and Subcontracting Event to First Introduce Progressive FIBER LASER Technology in Southeast Asia Thailand Earning Ag Investment at the Expense of China China is losing some of its competitive edge as a low-cost manufacturing and processing base, recently collected data suggests, as makers and processors relocate to cheaper locales in Southeast Asia. Also, confidence in food being safely produced in China seems to be shaken to a degree. Thailand – Manufacturing Base for 600-million Consumer Market Thailand is well on the road to reaching the government supported industry target production of three million units a year by 2017. Record local and export sales in 2012 saw the country become the world’s 10th-biggest producer of motor vehicles... Thailand's Booming Car Industry: Detroit of the East The rise of Thailand’s car industry is no accident. After Asia’s financial crisis in 1997 the country did away with much regulation in the sector; ... Great Wall Announces Plans to Invest in Thailand Chinese SUV and pick-up truck maker Great Wall Motor has announced plans for investment of up to US$340 million (RM1.05 billion) in Thailand, according to a China Car Times report. New Direction on Thailand Investment Promotion Strategy In response to changing global and regional economic situation, Thailand Board of Investment is revising its Investment Promotion Privileges and Strategies... Thailand Invigorates Its Investment in Tourism Thailand Board of Investment, the main government agency for promoting investment in Thailand is actively promoting investment in activities that support Thailand tourism such as Yacht marinas, theme parks, cultural centers, aquariums, open zoos, ... Asian Manufacturing Accelerates Manufacturing in most of Asia gathered pace in March, helped by an expansion in China and firmer domestic demand in some Asian economies, but weak trade figures from South Korea raised concerns about the outlook. Thailand's Economy Strong Thailand's economy continues on its path of growth according to the economic outlook of NESDB. The economy grew by 6.4 percent in 2012, compared to growth of 0.1 percent in 2011. Thailand Poised to Attract High-Tech and Knowledge-based Industry Area Development’s editor recently posed some questions to the director of Thailand’s Board of Investment in New York, Supisara Chomparn, about the country’s economic growth and business attraction efforts. Industry Focus Machinery Industry PTT Allots B1.3bn for Industrial Eco-Estate PTT Plc, the national oil conglomerate, is spending 1.3 billion baht to develop Thailand's first zero-wastewater industrial estate for bio-petrochemicals and biofuels, with operations expected to start in 2015. BASF Opens New Coating Technical Competence Center for ASEAN's Growing Automotive Market BASF has set up a new Coatings Technical Competence Center ASEAN in Bangkok, Thailand. This new facility supports technical and laboratory activities mainly in motorcycle coatings including ... Ford, Toyota Insist They will Maintain Investments in Thailand despite Strengthening Baht Major auto-makers have expressed a commitment to maintaining their investments in Thailand despite the baht's appreciation. FMC Corporation Breaks Ground on New Thailand Microcrystalline Cellulose Integrated Manufacturing Facility FMC Corporation broke ground today on its new world-class microcrystalline cellulose (MCC) manufacturing facility in Rayong, Thailand. Mitsubishi Spending Bt1 Billion on Increasing Thailand Output Mitsubishi Motors has announced a Bt1-billion investment aimed at raising its annual Thai auto production capacity to 510,000 units per annum by the end of this year. A Surprising Map of the Countries that are Most and Least Welcoming to Foreigners Buried several hundred pages into a new World Economic Forum report on global tourism, past the sections on air travel infrastructure and physician density are some very interesting numbers... Success Story Interview Mr. Akitoshi Kamada, President, Mitsubishi Electric Thai Auto-Parts Co., Ltd. Belgium's Solvay Gears up for More Investment in Thailand Solvay SA has announced it will increase its investment in Thailand _ one of its three main Asian production bases _ while pursuing opportunities in Indonesia, Singapore and India. Thailand Approves Infrastructure Projects to Reduce Logistics Costs The transportation network development would reduce logistical costs from 18% to about 10% and strengthen the trade competitiveness of Thai manufacturers, government says. DHL Express Invests B180m in Thailand DHL Express, the world's leading internal express service provider, is stepping up its investments in Thailand this year to strengthen its regional hub here ahead of regional integration under the Asean Economic Community in 2016. Growing Opportunities for Thailand's Retail Food Market Thailand boasts one of the most attractive food and drink markets in the Asia Pacific Region…food and beverage expenditures expected to grow by about 26 percent by 2015 Why Thailand? Thailand has historically welcomed the world to its shores and over the past half century experienced a profound transformation that continues to this day. Often referred to as "The Land of Smiles", Thailand possesses ... Success Story Jelly Belly Moves to Thailand Economic Fact Sheet February 2013 Thai-Chilean FTA Wins Parliamentary Endorsement Thailand's Parliament today endorsed the Thai-Chilean free trade agreement, which once taking effect in the fourth quarter, should benefit Thailand's export and investment. 'Thailand 4.0': New Direction of BOI Points to Country's Future The Board of Investment (BoI) has announced plans to make major changes to its investment incentive policy as part of Thailand’s preparations for the introduction of the Asean Economic Community (AEC) at the end of 2015. Robot Firm Sees Thai Industrial Potential Denmark's Universal Robots A/S (UR) may set up a Thai subsidiary once the Southeast Asian market has a sizeable demand for industrial robots, probably in the next five years. Why Foreign Investments are Surging in Thailand Over the last several years Thailand has become a favoured destination for Foreign Investments, out pacing many of its regional neighbors and helping to spur dramatic GDP growth in the vibrant South East Nation Thailand on the Rebound February 2013 estimates by NESDB point to robust private spending in both consumption and investment which pushed quarter four 2012 GDP growth to close on 19%, exceeding 3.1% in the third quarter and the 15.4% median by Dow Jones survey of economists. Thailand Manufacturing Investment Accelerate in 2013 While many global manufacturers have been using Thailand as a central base of operations to expand into Southeast Asia, their investments seem to be ramping up thanks in part to business-friendly incentives and steadily increasing demand for cars and motorcycles. Thailand Repositions Itself to Become Full-Service Regional Aviation Hub Thailand is aiming to become centre for the regional aviation which will provide full-service for aircraft repair and maintenance, as well as training centre for regional pilots and air crew. Thailand Expands Transportation Network Thailand government is expanding its current transportation with grand plans 55 transportation projects worth 2.27 trillion baht (US$72 billion) which expect to be finished by 2020. Govt to Boost Infrastructure Spending to B4 Trillion The government will double its budget for infrastructure development over the next seven years to 4 trillion baht, Deputy Prime Minister and Minister of Finance, Kittiratt Na-Ranong says. Airbus and THAI to Develop Strategic Maintenance Training Partnership in Thailand Airbus and Thai Airways International (THAI) have signed an agreement for Maintenance Training Collaboration to develop a long term strategic partnership. Expats Rank Thailand Highly in Global Survey One of the largest ‘expat living’ surveys conducted last year ranked Thailand second in terms of experience and quality of life, while ranking the Kingdom third in economics. Chilean Investors Eye Thailand Chile is keen on investing in many industries in Thailand like steel, fertilizer and pharmaceuticals, while inviting Thai investors to do business in Chile mainly in copper mining, salmon raising and wine-making. Green Matter: Thailand Sees Global Bio-hub Ambition Coming within Reach Thailand is on the fast track to become the bioplastics hub of the ASEAN region - within another three years Thailand EU Free Trade Agreement (FTA) On Tracks Thailand and the European Union will open formal talk on Free Trade Area agreements early next month. Canadian Firms Overlooking Southeast Asian Opportunities The region is an alternative to China and a viable “launching pad” for getting into the broader Asian market. Thailand Beating China With Toyota Means Shipping Boom One of the reasons for the expansion of production facilities in Thailand is that it has fewer labor issues compared with China or India... IBM to Open Analytics Training Center in Thailand IBM’s analytics center scheduled to open in Thailand in June is just the latest move by Big Blue to combine an aggressive data analytics market strategy with a training program designed to create the workforce necessary to leverage big data. Thailand Enjoys Strong Growth in Q4 Thailand witnessed strong growth in the fourth quarter of 2012 as industry recovered from effects of severe floods. The result of 3.6 percent growth topped analysts’ estimates. Hemaraj Land and Development Speaking with Mr. Vivat Jiratikarnsakul, Executive Vice President at Hemaraj Land and Development, and the man responsible for overseeing Hemaraj's Logistic Parks, it is clear that Thailand is ready and competitive within the region, and has much to offer investors. Thailand Economic Monitor The World Bank has released its latest Thailand Economic Monitor, noting that the economy has rebounded from the severe floods but that it continues to be affected by the slowdown in the global economy. Industry Focus Entrepreneurs Seeing Logistics Opportunities in All Directions BOI Secretary general Prepares for the Future Secretary General Udom Wongviwatchai recently spoke with Thailand Investment Review about his experience before coming to BOI and about current and future issues for the Thailand Board of Investment. Honda Launches Hybrid Car Model Locally Honda Automobile (Thailand) Co Ltd is bullish on its hybrid car segment, projecting the overall industry will see double-digit growth this year. Western Thailand to See 31.5 megawatts of Solar Power by May Three new solar power plants are set to rise in western Thailand this year following the signing of a new 31.5-megawatt solar deal between Conergy and Siam Solar Energy 1 Co., Ltd. Thailand 'Well Positioned' to Be a Global Bioplastics Hub Thailand's plastics industry has an ambitious goal -- become one of the hubs for the emerging bioplastics industry -- as it aims to capture some of the sizable worldwide biopolymer investment expected in the next few years. IBM Places Focus on High-Value Analytics IBM, the world's largest information technology (IT) firm, will continue to focus on high-value enterprise analytics software amid intense competition. Thailand Contact Center Industry on the Rise Country is becoming an attractive option in Asia-Pacific, as its outlook is supported by growing domestic demand, increasing presence of multinational companies and cheap, skilled workforce. Thailand Plans Massive $76bn Investment in Infrastructure A massive program of investment in Thailand’s infrastructure, designed to enhance international connectivity and competitiveness, is set to be implemented this year amid a renewed commitment to investment and regional development. Conergy to Develop 3 Solar Plans in Thailand Totaling 31.MW Capacity German solar power developer Conergy has been selected as a contractor for the development of three farms in Thailand, totaling a capacity of 31.5MW. Roland DG Corporation Opens Officially First Manufacturing Factory outside of Japan Factory in the Kingdom of Thailand will serve as the Worldwide Export Hub for the Group Nissan Reaches 2-million Vehicles Milestone Japanese auto-maker Nissan recently celebrated cumulative production of 2 million vehicles in Thailand at its plant in Samut Prakarn. Mazda to Build B8bn Transmission Plant in Chonburi Mazda Motor Corporation will construct a transmission plant with an annual production capacity of approximately 400,000 units in Chon Buri with an investment of 26 billion yen (8.47 billion baht). FedEx Unit to Open Freight-Forwarding Office in Thailand FedEx Trade Networks, a subsidiary of FedEx Corporation, yesterday announced that it would open its first office in Thailand to serve growing demand for freight forwarding for both local and international clients... Western Digital to Invest $200mn in Thailand Western Digital Corporation, one of the largest global hard-disk drive maker, sets sights on expanding its business in Thailand with an investment worth US$200 million or about Bt6 billion. Dawei Plans will Affect Thailand's Eastern Seaboard The Thai government’s plan to transform the Kingdom into a transport and services hub for Southeast Asia presents huge opportunities for Thai business... Total 2012 Investment Promotion Applications Reach Bt1.4 trillion The total value of investment applications in 2012 reached a new record high of Bt1,464.2 billion, a 131 percent increase over last year. Moreover, investment value in 2013 is expected to continue to grow,... Thai Auto Industry Still Rolling The Thai Government has set an annual production target of 3m vehicles by 2017 in a bid to expand the industry and turn Thailand into what the Board of Investment likes to call "the Detroit of Asia" The Top 20 Emerging Markets Thailand ranked #3 in the Global Emerging Markets surveyed by Bloomberg New Toyota Plant to Open This Year Toyota, Thailand's biggest car maker, plans to invest 12 billion baht in a new factory at Gateway 2 in Chachoengsao, touting a new eco-car as the first model. New Investment Promotion Strategy to Focus on Knowledge-based Industries Thailand is working out a new investment promotion strategy, which will focus on industrial restructuring toward knowledge-based, or high-technology, industries. Thailand Raises 2013 Growth Forecast on Consumption, Investment Thailand’s central bank raised its growth forecast for this year, citing rising exports, domestic consumption and investment. China Begins to Lose Edge as World's Factory Floor Manufacturing companies are bypassing China and moving factories to cheaper locales in Southeast Asia Thailand: Year in Review 2012 Strong domestic demand kept the wheels of the Thai economy turning in 2012 while also helping to cushion the impact of global uncertainty on exports. Toyo to Make Plastic Auto Parts in Thailand Toyo Tire & Rubber Co. Ltd. plans to start manufacturing plastic CV joint boots in Thailand in April 2014. New Tax Rates 2013 The Corporate Income Tax rate is set to drop to a low of 20 percent on the 1st of January 2013. Thailand's Economic Outlook 2013 by National Economic and Social Development Board Industry Focus Automotive Electronics NESDB Puts Dawei Project Investment Cost at Bt350 Billion The combined Dawei deep-sea port and industrial-estate project will require an investment of Bt350 billion, according to an estimate by the National Economic and Social Development Board. FDI Flows Likely to Rise in India, ASEAN: HSBC Foreign direct investment (FDI) is likely to rise in India thanks to large labour force and strong domestic market, but weak infrastructure and restrictive policy pose a challenge, says a report by HSBC. Thailand's Location Drives Transport Investment Plan The infrastructure development projects are designed to make Thailand the true centre stage of Asean. Under this plan, Bangkok will no longer singly represent Thailand. Optimistic Carmakers Look to Exports for Another Good Year The outlook for the Thai auto industry in 2013 remains bright, partially propelled by the demand from export markets. 2013 Growth may Beat 4.6% Forecast: BOT The Bank of Thailand might raise its 2013 GDP growth forecast next month, as there is a good chance that the economy will expand beyond the recently forecast 4.6 per cent... India-ASEAN Ties Flourish in 2012 India was the flavour of the year across South East Asia, as governments and businesses in the region realised enormous potential for trade and cooperation between the 10-member ASEAN grouping and the booming Asian giant. Domestic Economy Shows Healthy Growth in November Thailand's domestic demand continues to expand at a resilient pace, albeit partly helped by a low base due to last year's floods, according to Bank of Thailand's November economic report released today. Growth Forecast Raised to 5.7% The Fiscal Policy Office (FPO) yesterday raised its 2012 economic-growth forecast to 5.7 per cent from September's projection of 5.5 per cent on higher-than-expected consumption and investment. Thailand Industrial Production Index for November Rose 83.3% Thailand's industrial production index for November rose 83.3% to 189.11 from the same month a year earlier... Thailand Supports Investment in Alternative Energy, Responding to 39% Increase in Demand in 9 years The Thailand Board of Investment has announced its support in alternative energy investment after findings have shown that demand for energy will increase by 39% within 9 years. Bangladesh, Thailand Want to Double Bilateral Trade by 2016 Prime Minister (PM) Sheikh Hasina and her Thai counterpart Yingluck Shinawatra acknowledged the importance of enhancing connectivity between the two nations through increased regional cooperation and developing roads and shipping infrastructures linking Bangladesh and Thailand. In a First, Motor Exports Top 100,000 in November Monthly vehicle exports exceeded the 100,000-unit mark in November for the first time since Thailand began shipping them in 1988 Thailand Plans First India Regional Office to Woo Investors Thailand plans to open its first India regional office in Mumbai with an eye on wooing Indian investors and increasing its economic presence in the country. World Bank: 2012 GDP Growth 4.7% The World Bank has raised its 2012 growth projection for Thailand to 4.7%, from the previous forecast of 4.5%, the bank’s senior economist Kirida Paopichit said on Wednesday. Farm Economy Set for Modest Growth The forecast assumes world economic growth of 3.6% and Thai economic growth of 4.5% to 5.5% as determined by the National Economic Social Development Board and 4.1% to 5.1% in the view of the central bank. Thailand 'Top Rice Exporter' Again Thailand is set to be the world’s biggest rice exporter again this crop year, the Office of Agricultural Economics (OAE) said on Monday. 2013 Export Growth Target at 8-9% The Commerce Ministry has set its official export growth target for 2013 in a range of 8-9% to US$250.41 billion, similar to the forecasts of other institutions. Thai Auto Sector Targets Top Ten Ranking by 2016, Safer and Lighter Vehicles The Thailand Automotive Institute has drawn up its latest five-year plan for 2012-2016 that goes even further forward in its targets for the sector. Thailand Ready to be Medical Hub and Aim World-Class Health Care Destination Backed by BOI's Support and Government Policy BOI announces its support to push Thailand as the medical hub of Asia to provide medical services, latest medical technology and medicine, and .... Thai Tycoons Top Dealmakers With Record Spending: Southeast Asia Charoen Pokhpand Group Co.’s $9.4 billion purchase of a stake in China’s Ping An Insurance (Group) Co. puts Thai companies and their billionaire owners among the ranks of Asia’s biggest overseas acquirers. Thai Overseas Investment Highest in Southeast Asia Thai companies' overseas investment has so far this year reached a new record at US$25 billion. A Return to Organic Growth in 2013? If anything, this year has proved the Thai economy is able to stand on its own feet. It's the year that domestic growth ploughed ahead against the backdrop of a slowdown in exports. Cabinet Approves EU FTA Talking Points The framework of the Thai-EU free trade agreement will be scrutinised by parliament as required by the charter before bilateral talks on 17 trade issues can proceed. BOI could Sweeten Dawei with Privileges The Board of Investment (BoI) has been told to weigh the possibility of providing promotional privileges to Thai investors in Dawei to make the Myanmar megaproject more attractive. Higher Aviation Stake a Move towards Hub Goal A new government initiative to allow foreign investors to hold 70 per cent or more of a company manufacturing aviation parts will help promote the country as the regional repair centre of the industry.. Golden Year for Auto Industry This year can certainly be considered the golden year for Thailand's automobile industry. GM Plans to Increase Thailand, Indonesia Dealerships General Motors Co. (GM) plans to increase the number of dealerships in Indonesia and Thailand to tap rising incomes in the two Southeast Asian countries with a combined population the size of the U.S. Companies DHL to Invest €50m in Thai Supply Chain Network The company said over the next two and a half years, it will build new facilities, expand its fleet of vehicles, invest in new technology and intensify staff training and development in the South-East Asian country. Economic Fact Sheet November 2012 Business Opportunities Machinery, Tools and Dies Thailand : A Supply of “Tailor Made” Skilled People for Investors Thai Government Officials provided updated information on the labor situation in Thailand, as well as strategies to handle any labor shortages in response to the forthcoming ASEAN Economic Community. Ease of Doing Business at 10 Years Thailand Remains a Top-20 Location In this most recent report, the World Bank, together with the International Finance Corporation, give Thailand another consecutive year among the top-20 easiest places in the world to do business, with a rank of 18. Industry Focus Thailand Continues to Attract Investment in Rubber Industry Industrial Ministry Targets 3mn Annual Car Output by 2017 The Industry Ministry has set a target for the country's total automobile production to reach 3 million units by 2017. Push for Medical Hub Thailand and Japan will today sign an agreement to cooperate in the promotion of the Kingdom as a hub of medical and healthcare service in Asia. Vehicle Production Passes 2 Million Mark Thailand's vehicle production this year exceeded two million units for the first time, boosted by big jumps in domestic sales and exports. Board of Investment Applications on Track to Hit B900bn Applications for Board of Investment (BOI) privileges totaled 862 billion baht in the first 10 months, up by 94.1% from 444 billion in the same period last year. Honda Thai Unit Gets Bigger Bikes Thailand's subsidiary of Honda Motor Co. on Monday began a new production line for midsize motorcycles at its factory in Bangkok. CAT Boost for Garment Industry CAT Telecom has launched CAT e-exhibition to add value to the marketing and management technology of the Thai Garment Manufacturing Association (TGMA). Toshiba Restarts Flood-Hit Thai Semicon Plant The Japanese electronics manufacturer says "healthy demand" for discrete chips used in smartphones and tablets meant it had to resume operations at its Pathumthani facility. Southeast Asia Seen Resilient as Indonesia Outperforms Southeast Asia is emerging resilient from a period of global turmoil, with rising investment and domestic consumption that will propel growth in coming years... Obama to Visit Myanmar, Cambodia, Thailand Less than two weeks after his re-election, President Barack Obama will become the first U.S. president to visit the once pariah nation of Myanmar, drawing attention to the country's shift to democracy and highlighting what his administration regards as a marquee foreign policy achievement. Toyota Set to Lift Production in Thailand Toyota Motor Corp. plans to increase production in Thailand to 1 million vehicles per year "in the near future," as the country becomes a more important production base for the Japanese car maker. Conergy Wins Contract for 2 Solar Plants in Thailand Conergy announced that it has secured a major contract for two solar power plants in Thailand through a tendering procedure, representing a total capacity of 21 megawatts (MW). Rayong Plant of Piper Plastics Emphasizes Quality, Precision Piper Plastics (Thailand) Co., Ltd. conducts high-tolerance machining and assembly of plastic components, with a strong emphasis on quality and customer satisfaction. The company caters to the medical devices, semiconductors, aerospace, food and energy industries. Industry Focus Thai Plastic Industry Adding Value, Environment Protection The Thailand Board of Investment Welcomes the New Secretary General The BOI welcomes Mr. Udom Wongviwatchai as the new secretary general, after the promotion of former BOI Secretary General Dr. Atchaka Sibunruang to her new position as deputy permanent secretary at the Ministry of Industry. 67th Session of the UNGA, PM Speaks with Investors In the closing days of September 2012 Prime Minister Yingluck Shinawatra travelled to New York to speak to the global community at the 67th General Session of the UNGA, and to meet with members of the private sector to speak with them directly about the contemporary investment climate in Thailand. Slideshow of images from the event "Prime Minister Meets U.S. Investors" The St. Regis Hotel New York, September 27, 2012 BOI New York Office Returns to Normal Operations Starts on Friday November 9, 2012 BOI Approves Overseas-Investment Promotion Strategies The Board of Investment has endorsed the new strategy to promote Thailand's overseas investment, primarily in Indonesia, Myanmar and Vietnam. Nissan to Build Its Second Plant in Thailand Last Friday, Nissan revealed in Bangkok that it will build a second assembly plant in Thailand at a cost of 11 billion baht ($358 million). PepsiCo to Invest $600 Million in Thailand Through 2015 PepsiCo Inc.'s (PEP) Thai unit plans to invest up to 18.4 billion baht ($600 million) in the country through 2015. Thai Flood Zone Fortified to Lure Manufacturers: Southeast Asia Prime Minister Yingluck Shinawatra’s cabinet approved 350 billion baht in emergency spending last year to pay for the projects, a sum it will need to borrow next year before the decree expires. Prime Minister Promotes Thai-US Economic Ties While visiting for the UN General Assembly, Thailand Prime Minister Yingluck Shinawatra discussed the country’s robust economic policy and its focus on boosting domestic consumption. PM Unveils $90bn Infrastructure Plan Huge investment aims to tap region's growth Toyota to Expand Diesel-Engine Production at Thai Plant Toyota Motor Corporation plans to invest Bt16 billion to expand production of diesel engines to support the IMV market while tyre giant Bridgestone Corporation will invest Bt110 billion to expand tyre production in emerging markets like Thailand and India. Japan Keen to Invest in Thailand Japan will increase its foreign direct investment in Asia, particularly in Myanmar, Thailand and Vietnam, says Japan's vice-minister of finance. AdvaMed 2012 Part II: Foreign Representative Interviews At AdvaMed 2012 earlier this month, we had the chance to sit down with government representatives from three different countries, each with different geographic and economic backgrounds. The AEC and the Free Flow of Investment The establishment of the ASEAN Economic Community (AEC) to occur by 2015 is quickly becoming a major talking point for government officials, politicians and business people on all levels in Thailand and for good reason. Thailand Region's Top Logistics Hub Leading to AEC Trade Boom As the logistics hub of Southeast Asia, Thailand offers entrepreneurs smooth connectivity for efficient business. Whether by road, waterway, rail or air, the country gives investors affordable transport of goods and personnel at the heart of the world’s fastest-growing economic region. Rolls-Royce to Keep Investing in Thai Aerospace Industry British-based Rolls-Royce said it is committed to promoting Thailand as an important aerospace manufacturing base. Thailand a Top Hub of Business, Leisure, and Medical Travel Thailand continues to be celebrated as a world-class travel destination, whether for business, leisure or medical care. Offering excellent infrastructure, reliable full service and very affordable prices, the country is considered a prime location.. Industry Focus Expertise, New Investment Keep Thai E&E Industry at the Top Vibrabt Thai Automotive Industry Shattering Performance Records Thailand’s automotive industry is growing like gangbusters in 2012, with makers left and right shattering performance records. The country’s automobile production for January to June reached 1.06 million units, marking robust growth of 30.5% compared with the corresponding period of last year. Thailand: Kingdom Eyes EVs Thailand is desperate to get back on track as an automotive powerhouse after last year’s devastating floods. EVs are also on the menu, reports Sam Chambers. Speech by Prime Minister Yingluck Shinawatra at an Executive Luncheon with American Investors At the St. Regis Hotel New York on September 27, 2012 SNC-Lavalin Makes Thailand Regional Hub Canada's SNC-Lavalin, North America's leading engineering and consulting services provider, has named Thailand as its regional centre for thermal power plants in a move to tap demand in Asia-Pacific. Subaru Vehicles Likely to be Assembled Here While marketing Subaru vehicles in Thailand for the past 10 years, Tanchong Group boss Glenn Tan had never once talked about plans to assemble the Japanese brand in this country. Pepsi to Build 2 New Plants PepsiCo Inc continues to boost its snack and beverage business with plans to invest in two new plants, taking its total investment in the Kingdom since 2000 to US$2.9 billion (Bt90 billion). Mitsubishi Upgrades Three Plants Mitsubishi will spend 4-5 billion baht next year to upgrade three car assembly plants to increase the output of existing models and prepare for new models. Mitsubishi Shows Faith in Thailand Mitsubishi Motors (Thailand) is continuing to expand its investment in the Kingdom by setting aside Bt1 billion to increase production capacity to 500,000 units next year. Ogihara $35M Growth Plan Hailed in Howell Officials from Thailand's Board of Investment visited Howell on Monday to formally celebrate a $35 million expansion announced by auto parts manufacturer Thai Summit Ogihara. Thai Retail Giant, Central Retail, Outgrows Its Turf After its high-profile purchase of an Italian luxury department store last year, Central Retail Corp., one of Thailand's largest retailers, plans to expand its footprint in Europe, the U.S. and Asia with up to $2 billion in additional investments. Investment Application Reach Record Growth of 115% During the First 8 Months of 2012 Thailand’s Board of Investment (BOI) announced a significant year-on-year growth of 115 per cent in total investment project application value, which reached Bt691 billion. Thais Seek Automotive Ties If your ambitions include access to the Asian market, investment in Thailand deserves consideration.... Thai trip pays off in Howell Leaders strengthen ties, try to drum up interest in investment BMW Wants Thailand for Big Bike Hub Eager to partner with school for technology Sunset Industry? The ongoing consolidation in the global solar industry will have implications across Asia, where many countries are using more renewable resources to reduce dependence on fossil fuels for energy. Thailand, ASEAN Represent a Bright Spot in Global Car Sales for Ford Motor Car sales in China and Europe may be slowing down, but Southeast Asia is on a tear. Howell Officials Busy in Thailand Howell City Manager Shea Charles, Councilman Steve Manor and businessman Joe Parker have been busy so far on their trip to Thailand. Howell Officials Building Foreign Relations in Asia Two Howell officials and a local businessman are headed to Thailand, taking advantage of a rare opportunity to build foreign relations in Asia. CP All Plans 10,000 7-Elevens to Sustain Growth: Southeast Asia CP All Pcl, the world’s third- biggest operator of 7-Eleven convenience stores, said it plans to expand its network in Thailand to 10,000 outlets by 2018 to maintain annual profit growth at 15 percent. "Believe in Thailand" Mr. Pongsvas Svasti, the Thai Minister of Industry, talks to us about a variety of subjects ranging from Thailand’s recent floods and the reconstruction efforts, to the upcoming ASEAN Economic Community and international trade relations Intel Explores Investment Opportunities in Thailand Intel Capital plans to invest US$300 million (Bt9 billion) to $500 million this year around the globe. Denso Plans B3.2bn Plant Expansion at Bang Pakong Denso Corporation, the leading global automotive parts supplier, plans to invest about 8 billion (3.18 billion baht) to expand its Bang Pakong plant in Chon Buri next year to cope with market growth overseas and at home. Thai Vehicle Production to Reach 3M Units a Year by 2015 Vehicle production in Thailand is estimated to reach 3 million units a year by 2015, from an estimated 2.3 million units this year,.. Seagate Aims to Invest $100-$200m in Kingdom Annually Seagate Technology has committed to investing US$100 million to $200 million (Bt3 billion to Bt6 billion) in Thailand annually. Thailand All Set for Big Leap Thailand is well placed to boost its economic capacity, considering the government's large budget for infrastructure development and the country's manufacturing strength... R&D Projects to Help Thai Auto Industry The Thai automobile industry has been around for more than 50 years, and today is considered an industry that is highly important to the Thai economy. Economic Fact Sheet August 2012 Visiting the 'Detroit' of Southeast Asia A few months ago, I had the pleasure of flying across the Pacific to visit Thailand and to tour the county’s burgeoning automotive industry. The trip was at the behest of BOI, ... Seagate Unfolds Strategy for Emerging Markets One of Thailand's biggest electronics sectors is hard disk drive production. Last year's flood wreaked havoc on the industry's supply chain, especially in the case of top-tier players like Seagate Technology LLC and Western Digital Corp. Thai GDP Tops Forecasts, Flood Recovery Helps Offset Global Woes Thailand's economy grew a stronger-than-expected 3.3 percent in the second quarter from the previous three months as it continued to recover from last year's devastating floods, helping it withstand the global slowdown for now. Suzuki Swift to Come from Thailand? Australian-delivered Suzuki Swifts are expected to switch production from Japan to Thailand next year with Suzuki looking to utilise the Asian country’s strong auto manufacturing credentials. Domestic Demand Leads to Unprecedented Growth in Economy of Thailand Spurred on by the ongoing Thailand manufacturing recovery as well as domestic consumption in Thailand, the country witnessed an unprecedented rate of growth in the period extending from April to June. First Solar Sets up Thai Subsidiary Looking for a way to further stamp its mark in one of South East Asia’s growing solar markets, First Solar has established a subsidiary in Thailand called First Solar (Thailand) Success Story Primus International: Ramping up Production National Agenda: New Era of Thai Economy under AEC 2015 Prime Minister Yingluck Shinawatra addressed a recent seminar held to consider the national agenda under the new era for the Thai economy within the ASEAN Economic Community, which will form in 2015. Industry Focus Full-Service Aviation Hub and Aircraft Maintenance Industry Thailand: A Marked Increase UNCTAD has released its World Investment Report 2012, noting that last year global FDI exceeded the pre-crisis average, reaching $1.5 trillion. Interestingly, the Report also informs that in 2010, FDI flows to developing countries exceeded those to developed countries for the first time. Howell Looks to Forge Ties with Thailand Howell and Thailand are halfway around the world from each other, but a group of Howell representatives are hoping to bridge that distance in the name of jobs. Thai Arm of IBM Spreads Wings in Laos IBM (Thailand) is expanding its business base into Laos, viewing the neighbouring country as an emerging market with high growth potential. Thai Banks: The 20-Year Wait is Over Thailand's economy is predicted to grow at almost 6% this year, despite setbacks from a massive flood last year that caused ripple effects throughout the international auto and technology industries. Thailand Manufacturers Hope to Establish Brand in Global Market, Avoid China Connotation Today was the last day of our electronics factory tour across Thailand and we were fortunate enough to conclude the junket with two fairly well-known companies: Celestica and Team Precision. Thailand: Managing a Manufacturing Transition I mentioned in another post that Thailand is moving away from being a cheap labor hub for high-volume, labor-intensive production. Thailand: Thinking Big Lower manufacturing costs; government-sponsored tax incentives; and a reliable, hard-working labor pool may have been the winning combination in luring the first textile, industrial. and high-tech manufacturers a few decades ago. 3 Recurring Themes Learned about Doing Business in Thailand After speaking with three days' worth of electronics manufacturers, here are some facts that keep getting repeated. Thailand: When the Water Rushes in Standing water two meters high. Millions of dollars of manufacturing equipment under water.... Visiting Thai-based Electronics Manufacturing Facilities Affected by the Floods Western Digital, Benchmark Electronics, Fabrinet among Sites Visited Thailand: A Manufacturing Snapshot Ten years ago, you would have seen textile and heavy industrial factories lining the seaboard around Bangkok. Today, the country's manufacturing scene has shifted upwards on the production scale. Thailand: Not on the Rebound, but Rather on the Rise Country is growing rapidly due to forward-thinking mindset On the Ground in Thailand: Tracking the Tech Industry Late last year, Thailand suffered devastating floods, which wreaked havoc on the high-tech manufacturing sector. Semiconductor, EMS, and hard disk drive companies were among the hardest hit. Dow Begins Production of ENLIGHT Polyolefin Encapsulant Films in Thailand The Dow Chemical Company has begun production in Thailand for ENLIGHT™ Polyolefin Encapsulant Films for use in photovoltaic solar panels Dawei Helps Thailand Become Auto Hub The Thailand Development Research Institute (TDRI) has thrown its full support behind a rail network linking Laem Chabang with Dawei on Myanmar's eastern coast. Electric-Car Project Shifts into Higher Gear With the eco-car becoming a roaring success, BoI looks to speed up plans for 'third champion product' FMC Corporation Announces New Thailand Microcrystalline Cellulose Manufacturing Facility FMC Corporation today announced the company will invest more than $100 million in a new world class microcrystalline cellulose (MCC) manufacturing facility in Rayong, Thailand. Economic Fact Sheet July 2012 Samsung Engineering Picks Thailand as ASEAN Hub Samsung Engineering Co has chosen Thailand as its Southeast Asian hub, paving the way for South Korea's leading engineering, procurement and construction company to enter Myanmar and Australia. Interview with New President of Thailand Automotive Institute The robust Thai automotive industry is roaring down the road toward annual production of 3 million units by 2015. Helping to pave the way is the Thailand Automotive Institute (TAI). AEC: Opportunities, Challenges, and the Way Forward There is both growing excitement and apprehension concerning Thailand’s participation in the ASEAN Economic Community (AEC) set to be established by 2015. Industry Focus Thai Software Industry Expands as Mobile Computing Soars Wary Neighbors Turn into Partners in a Quickly Developing Southeast Asia This hillside village along the border with Myanmar was once a dead end. The road from Bangkok curved up scenic mountains through a sparse collection of wood and cement houses and stopped at the frontier. Thailand Assures Japanese Investors with Flood Prevention Plans The Industry Minister has led the management team from the Board of Investment of Thailand (BOI) to Japan to assure Japanese investors of Thailand's flood prevention plan in a bid to create investor confidence. Plant Life Thrives at Toyota Thai Factory Toyota touts the 6-year-old plant on former agricultural land as one of five sustainable facilities in its worldwide manufacturing network. Pickup Trucks Reign in Thailand This nation of 66 million people is second only to the U.S. in pickup sales. But on a per-capita basis, Thailand is No.1. GM Factories Run Hot and Cold in Thailand Martin Apfel, who heads General Motors Thailand, sees unbelievable growth opportunities. “The only thing for sure is that we will continue to grow.” Dana Commemorates 20 Years of Service to Automotive Industry in Thailand Dana Holding Corporation today marked the company's 20th anniversary in Thailand with a celebration that included customers, suppliers, employees, and government dignitaries. Kerry Logistics Expands Automotive Facility In Thailand Kerry Logistics has completed the expansion of its automotive CBU facility at the Kerry Logistics Centre Laem Chabang in Thailand. Thai Finance Ministry Raises 2012 Economic Growth Forecast Thailand’s Finance Ministry raised its 2012 economic growth forecast for a second time as manufacturing and local demand recovered from the nation’s worst floods in almost 70 years. Ford Starts Focus Production in Thailand The current generation Focus compact is on a roll to become one of the most widely accepted Fords of all time. Port Improvements to Boost Thailand's Competitiveness The government plans to improve logistics at Laem Chabang port to increase the country's export competitiveness and reduce high costs. Factories Rebuilding after Floods CNN's Andrew Stevens looks at factories being rebuilt after the flooding nine months ago. Yum Plans Doubling of Sites by 2020 Yum Brands Inc, parent company of KFC and Pizza Hut, will spend 27 billion baht to double its total outlets in Thailand to 1,000 by 2020. GM Reports Strong Southeast Asia Sales Thailand was the fastest growing market for General Motors in Southeast Asia last month as the economy recovered and the company's products appealed to local customers. Thailand Tops ASEAN in Developers For the first time, Thailand has more certified software developers than any other Asean country, indicating the country's regional edge in this field. Thailand Aims to be Sugar Bowl of Asia Thailand, the world's second-biggest sugar exporter, has revised up its forecast for 2012/13 sugar production to 10.4 million tonnes and aims to produce more every year in order to supply rising consumption in Asia, a top industry official said. Thailand: After the Deluge Flooding may have devastated Thailand’s automotive industry in 2011, but the market is rebuilding, rebounding and growing even stronger. Thailand Seeks to Amp up Auto-Parts Industry The federal government is offering generous incentives to certain high-technology parts makers. Practice Runs Nearly Done at Ford's New Thailand Plant A $450 million auto plant coming to life is sort of like a big baby being born; it is amazing to see, and takes a lot of work. Economic Fact Sheet June 2012 Thailand Auto Industry Back on Track after Floods An ambitious forecast is that Thailand in 2014 will increase auto production to 2.4 million units, 1 million more than in the year of the flood. IMF: Continued Growth in Asia The IMF has issued its April edition of World Economic Outlook 2012, with the sub-heading Growth Resuming, Dangers Remain, and while there is a gradual strengthening of the global economy there remain considerable risks, with the most immediate concern the financial crisis in the euro area. Thailand's Growth Momentum Maintained The Asian Development Bank has released its report entitled Asian Development, Outlook 2012, Confronting Rising Inequality in Asia. The report, which is published annually, offers a comprehensive analysis of 45 economies in the Asia and Pacific region. Industry Focus Thailand's Ample Food Industry Sees Expanding Opportunities Auto Plants Replace Rice Paddies in Thailand Fifty years ago, Toyota became the first auto maker to locate a plant in Thailand. The latest facility to open is a $450 million Ford factory. "Rising above the Challenges" Presentation Thai automotive sector presentation from BOI's seminar in Toronto on June 5, 2012 by Jerry Suyavong DuPont Apollo to Supply 22.75 MW of PV Modules for Plants in Thailand DuPont Apollo Ltd. announced that it has signed two contracts to supply a total of 22.75 MW of its amorphous silicon (a-Si) thin-film solar photovoltaic (PV) modules for two PV plants in Thailand. BOI Press Release BOI extends unskilled foreign worker employment and support for production capacity increase measures GM Begins Production of Chevrolet Trailblazer SUV in Thailand US carmaker General Motors (GM) has begun the production of 2013 Chevrolet Trailblazer SUV at its Rayong production line in Thailand. Rolls-Royce Set to Expand Rolls-Royce, the maker of power systems for land, sea and air, is looking to expand its aerospace investment in Thailand. Thailand Propelling Growth for Bosch in Southeast Asia German manufacturer now has 3 plants here Thai Tourism to Get Massive Boost from Its First, Globally Branded Themed Waterpark: Cartoon Network Amazone Thailand’s Board of Investment (BOI) and the Tourism Authority of Thailand (TAT) are joining forces to welcome the country’s first globally branded themed waterpark, Cartoon Network Amazone. Economic Forum a Chance for Thailand to Prove Itself As host of the World Economic Forum on East Asia, Thailand is being closely watched by the global community. India to Open Super Highway to Burma and Thailand India is to open a new four lane motorway to allow traders and tourists to drive from its eastern tea state of Assam into Burma, Thailand and eventually Cambodia and Vietnam East Asia Takes the Lead in Enabling Global Trade Growth Visiting Bangkok for the first time, one is immediately struck by the vibrant commerce and trade in the thoroughfares of the Thai capital city. BOI Takes North America Journalists to GM's Manufacturing Facility Mr. Martin Apfel, President, General Motors Thailand/SEA and Chevrolet Sales Thailand recently welcomed the Thailand Board of Investment (BOI) officers, who led a group of journalists from the US and Canada to GM’s Manufacturing Facility in Rayong province. Thailand: Sun, Sea and a Booming Business Economy Thailand evokes images of endless, sandy beaches but there is a lot more to this South East Asian country... Yingluck Upbeat on Food Industry Export Prospects Prime Minister Yingluck Shinawatra has expressed confidence the Thai food industry will remain the country's top revenue earner despite any impact the euro-zone crisis may have. Thai Foreign Investment Incentives Placed in the Spotlight The government has pledged to speed up incentives and other measures aimed at promoting Thai investment abroad. Caterpillar: Thailand Our ASEAN Hub With an investment of US$300 million, Caterpillar Inc, the world's top maker of construction equipment, is in the process of turning Thailand into its main Southeast Asian production base. Cartoon Network Backs Theme Park More than Bt1 billion will be invested in the first ever Cartoon Network AMAZONE project sited at Bang Saray, Pattaya and due to open in 2013. Thai Economy Rebounds Thailand's economy swung to positive growth in the first quarter due to improvement in domestic consumption, investment and manufacturing following... Thailand Economy Unexpectedly Expands on Post-Flood Recovery Thailand’s economy unexpectedly expanded in the first quarter as factories resumed production and domestic consumption revived after last year’s floods. The baht rose. Connected for Prosperity Thailand's information and communications technology industry is gearing up for the Asean Economic Community in 2015. BMW's ActiveHybrid 5 Comes to Thailand At the recently concluded Bangkok International Motor Show, a good number of luxury carmakers exhibited hybrid vehicles, offering them to Thai customers. Investment, Research Shape Thailand’s Food Industry In January 2012, I attended a food industry media tour in Thailand sponsored by the Thailand Board of Investment (BOI)... Thailand Recovers from Floods with Positive Investment Outlook Despite the devastating floods that hit Thailand in 2011, forcing a freeze in automotive and computer chip manufacturing critical to the global supply chain, the country's GDP is expected to reach six percent this year according to the Bank of Thailand. Thailand: Economy on the Rebound Thailand’s economy appears to be regaining momentum following last year’s devastating floods that adversely affected exports and GDP. OIE Summary Industrial Report The Industry Ministry has released a summary report on the status of Thai industry in 2011 and the industrial forecast for 2012. Success Story Thai Summit Confident of Greater Growth in Thailand Auto Industry Thailand to Become a Knowledge-based Economy Thailand is well on its way to becoming a knowledge-based economy, which implies increased productivity, manufacture of high value-added products, and unleashing the creativity of the Thai people. Industry Focus Thailand Automotive Industry Rebounds as Makers Project Explosive Growth Thailand: Completion of Flood Prevention Projects Set for August Prime Minister Yingluck Shinawatra has stressed that all water management projects should be completed before the end of August in order to prepare the country for a possible runoff during the rainy season. Ford Opens New Plant, Vows Major Local Sourcing of Parts Ford plans to purchase up to US$800 million worth of parts annually from Thailand to supply its new $450-million passenger vehicle plant in Rayong. Thailand's Green Car Manufacturing Took a Beating, Back to Ticking Last fall, Thailand was hit by a devastating flood that damaged parts of 65 of Thailand's 77 provinces, killed 815 people and affected the lives and homes of more than 13 million... Ford Opens Thailand Plant to Expand Southeast Asian Export Hub Ford Motor Co. (F) (F) opened a $450 million plant in Thailand that can make 150,000 cars a year, expanding its export hub to meet rising demand in neighboring countries. Thailand's Ratchaburi Earmarks $600m for Australian Wind Farm Growth We have a goal to invest in at least three wind energy projects production volume With A Total of 200 MW from an existing 100MW capacity. Economic Fact Sheet May 2012 Incentives Sweetened to Spur Greater Overseas Investment The Finance Ministry will overhaul its incentive programmes for Thai investors in overseas markets to match or exceed those offered by other countries in Asean, EU and ASEAN Confirm Objective of Free Trade Agreement Foreign Ministers of the EuropeanUnion and the Association of South-East Asian Nations (Asean) re-stated their commitment Friday to an eventual free trade agreement between the two economic zones. Thailand Eyes Bt1 Trillion Food Exports in 2012 Thailand expects its exports of farm produce and processed food to rise to one trillion baht this year, Industry Minister Pongsawat Svasti told a seminar on Wednesday. DITP Organizes THAIFEX 2012 to Promote Thailand's Food Producing Capabilities to Cater to Increasing World Demand The Department of International Trade Promotion (DITP) projects a robust, growing demand in quality food from world markets, and is confident that the upcoming THAIFEX - World of food ASIA 2012 Toshiba to Build New Plant in Prachinburi Toshiba Corporation yesterday announced that it will rebuild its semiconductor manufacturing operations in Thailand by relocating Toshiba Semiconductor Thailand Co (TST) to a new manufacturing facility. MMC Starts Production of Mirage in Thailand Mitsubishi Motors (MMC) has started full production of the new Mirage global compact car at its Laem Chabang plant in Thailand. Industry Confidence up, Growth Forecast Steady The Thai Industries Sentiment Index (TISI) for March was up from 100.9 in February to stand at 102.1, an increase for four straight months, the Federation of Thai Industries said on Thursday. Food Industry Still Upbeat Despite higher wages than Cambodia, Laos, Myanmar and Vietnam, the Thai food industry still has promise and retains potential for growth over the next three years before regional economic integration takes place. Thailand Sets up Organic and Printed Electronics R&D Thailand's National Science and Technology Development Agency (NSTDA) has established an organic and printed electronics R&D centre. Toyota Motor Corporation Moving Van Manufacture Toyota Motor Corporation has decided to build vans in Thailand to substitute for imports by the end of 2012. Thailand Moves to Avoid Repeat of 2011 Flood Catastrophe Thailand has plans to spend more than $12 billion in flood mitigation measures to try to avoid a repeat of last year’s devastating floods that killed hundreds of people and cost billions of dollars. The country is preparing ahead of the start of another monsoon season. Economic Fact Sheet April 2012 BOI Waives Tax on new and expansion projects in Flooded Areas BOI waives tax on new and expansion projects in Pathum Thani and Ayutthaya to boost investment in flooded areas Critical Considerations for Foreign Investors Doing Business in Thailand Increasingly investors are expanding their businesses to developing countries with a view to reducing costs and selling products in new markets. Thailand is among the most attractive destinations for them. Howell's Ogihara Unveils New Logo in Support of Parent Company Ogihara America Corp. in Howell showed support to its Thai-based parent company by unveiling a new logo Monday. Old World Industries Closes Deal with Indorama Ventures PCL Old World Industries, LLC has concluded the sale of its Chemical Business, including the Ethylene Oxide/Ethylene Glycol manufacturing facility in Clear Lake, Texas, to Indorama Ventures PCL of Bangkok, Thailand. TAPA 2012 - ASEAN's Largest Auto Parts Trade Fair Exploring the Thai Automotive Industry to Gain Business Insights into ASEAN’s Largest Auto Parts Trade Fair “TAPA 2012” Thailand's Eco-Car Scheme Gains Speed Thailand’s goal to be a manufacturing hub for small, fuel-efficient cars came closer to reality last week when two Japanese auto makers launched their new made-in-Thailand eco-car models. Thai Economy Outlook in 2012 by NESDB Thai economy in 2012 is projected to grow 5.5-6.5 percent with 3.5-4.0 percent of inflation and current account will record a surplus of 1.2 percent to GDP... Thailand Moves Forward Thailand is making every effort to ensure that there will not be a repeat this year of the extensive flooding the hit Thailand in 2011 and to protect industrial sites from any such threat... Ford to Open New $450 Mln Thai Production Facility in May Ford Motor Co. (F) plans to officially open its $450 million manufacturing facility in Rayong, a coastal province in eastern Thailand, in May Thai-India Investment Opportunities Strong PM Yingluck Shinawatra traveled to India on Jan 24th, 2012, as the Chief Guest for India’s Republic Day celebrations, accompanied by an investment delegation... Success Story Advantages of Thailand Fuel Growth for Market Leading - Western Digital Industry Focus Thailand Remains World-Class Production Base for Hard Drives Sun Shines Again on Thailand After devastating 2011 floods, the Land of Smiles (and great food) resumes its quest to be 'kitchen of the world.' Ford EcoSport Set to Be Second Model Built at Ford's New Thai Plant - Fiesta Goes the 1.5 Ti-VCT Route in Thailand Ford’s EcoSport SUV, which made its debut at the Delhi Auto Expo in January and which has been confirmed as being ASEAN-bound, is set to be the second model built at the new Ford Thailand Manufacturing plant in Rayong. Coca-Cola will Expand Thai Investment The Coca-Cola Company, the producer of Coke, Fanta and Sprite soft drinks, plans to commit 14 billion baht to Thailand over the next three years to expand its beverage production and to invest in related facilities and activities. The Jelly Belly Wai Cover Story from Candy Industry magazine by Bernie Pacyniak Dow Chemical Strengthens Ties in Asia with New Complex, Big Anniversaries The Dow Chemical Co. this week opened a new production complex in the Asia Industrial Estate in Thailand. Honda's Automobile Unit Resumes Operations in Thailand Honda Automobile Thailand (HATC) has resumed production at its plant in Ayutthaya after severe floods halted operations in early October. Thai Summit Capacity Gets B9bn Turbo Boost Thai Summit Group, one of the country's largest auto parts makers, will spend 9 billion baht to expand capacity at home and abroad this year in a bid to cash in on steady growth in vehicle production in Southeast Asia and China. BOI Wooing Japanese Battery Makers for Electric Cars The Board of Investment will discuss with Prime Minister Yingluck Shinawatra a policy to woo Japanese battery-makers for electric cars to set up production base in Thailand. More Incentives for Flood-Hit Provinces The Board of Investment has approved new incentives to boost projects in industrial estates in Ayutthaya and Pathum Thani provinces, which were hit hard by last year's floods. Submissions for BOI privileges in those areas have been quite low, while those for the Eastern region are increasing. Thailand's Global Business Positioning Though the worst may have passed, Thailand is still losing its competitive edge to other countries in Asean ... Harper Eyes Increased Trade with Thailand Canada's largest partner in Southeast Asia Thai-Made Mitsubishi Mirage to be Sold Globally Mitsubishi Motors Corp (MMC) president Osamu Masuko said on Tuesday that the firm would soon start manufacturing the Mitsubishi Mirage at a factory in Thailand to meet both local and global demand. Honda Stays Course, Keeps Thai Capacity Honda has reaffirmed it will not leave Thailand, which will continue to be its major base for Asia and Oceania. Flood-Hit Investors not Heading Overseas Foreign investors in the automotive, electronics and machinery businesses under Board of Investment support have no plans to relocate their facilities to other countries, despite the impact of the heavy flooding last year, the agency said yesterday. Thai Biochemical Plant Converts Glycerin into Epichlorohydrin Solvay, an international chemical group, recently announced that its Thai affiliate Vinythai successfully commissioned a biobased chemical plant. KEMET Signs Agreement to Acquire 34% Interest in NEC TOKIN Option to Acquire 100% Ownership KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, announced today that it has signed an agreement to acquire a 34% economic interest with a 51% voting interest in NEC TOKIN Corporation Economic Fact Sheet March 2012 Suzuki Starts Production of Small Car in Thailand Suzuki Motor Corp. said March 21 it has begun manufacturing the Swift, a 1.2-liter gasoline-powered compact hatchback, in Thailand for sales there and across Southeast Asia. Online Seminar: Automotive in Thailand - Challenges and Oportunities provided by GlobalAutoIndustry.com Top 10 in Carmaking within Sight The Industry Ministry is confident that automobile production will reach 2.1 million units this year and is predicting the country will be one of the top 10 producers of cars in the world. Big Japanese Firms Plan to Increase Investment Senior executives of 10 major Japanese companies confirmed they have plans to expand their investments in Thailand,... Thailand on Rebound from Flood Devastation Representing the epicenter for global supply of key electronics components - Asia has been the bullseye of some bad fortune over the past year... Industry News: After the Flood Following the worst flooding in a generation, Thailand's manufacturing sector has dried out, cleaned up and returned to work. Aside from changing how some companies do business, perhaps .... Steel Dust Recycling Plant in Pipeline for Thailand Switzerland-based Global Steel Dust Co. (GSD) is preparing to construct what will be South East Asia’s first steel dust recycling facility. The Euro 30 million project is expected to be kick-started as soon as Thailand’s Board of Investment awards the necessary investment privileges. US Aircraft Manufacturers Supply ASEAN's Growing Market Last November, Boeing announced its largest ever commercial sale when it signed a deal with Indonesia’s Lion Air for 230 aircraft valued at $21.7 billion. The importance of the commercial aviation industry to the U.S. overall economy cannot be overstated... GE Sees Southeast Asia Aircraft Engine Demand Booming, Dean Says Stuart Dean, Southeast Asia president of General Electric Co., comments on how the region’s economic growth is supporting a “booming” aviation industry. A Helping Hand for Investors Thailand’s Board of Investment (BOI) is the main facilitator of investment projects in the country. The state-run agency has seen a double-digit percentage growth in project applications in 2011 and a foreign direct investment inflow of 396 billion baht. BOI to Kick off Unbeatable Thailand, Unparalleled Opportunities" Campaign Thailand’s Board of Investment, under the Ministry of Industry, announced the “Unbeatable Thailand, Unparalleled Opportunities” campaign to enhance Thailand’s image as Asia’s key investment and tourist destination. Bridgestone to Build New Factory in Thailand Bridgestone, one of the largest tire-manufacturer in the world plans to invest 50 billion yen ($615 million) in a new plant in Rayong - Thailand to manufacture tires for construction and mining machinery as global demand grows. Japanese Firms Plan Expansions, Favor Thailand MORE JAPANESE FIRMS are planning to expand in the region, a survey found, with many continuing to favor Thailand -- next to China -- despite record floods last year. Build Partberships with Business Matchmaking at Subcon Thailand 2012 The Board of Investment of Thailand (BOI) and UBM Asia (Thailand) Co Ltd., joint organizers of SUBCON Thailand 2012, help arrange profitable Business Matchmaking between suppliers and manufacturers through a proven program that brings profitable results for all. Electrolux has Long term View on Thailand, Looks beyond Floods Post-Flood Attractiveness Despite minor disruptions from the recent flood, Electrolux, one of the world’s leading electrical appliance manufacturers believed businesses had to look beyond individual events but focus more on long-term growth prospect... Wind Power Growth in Asia is Part of the Region's Future Annual statistics recently released by the Global Wind Energy Council (GWEC) once again show the massive growth in cumulative wind farm capacity in Asia, to 82,398 MW last year from 61,106 MW at the end of 2010. Toyota to Ramp Up Production in Thailand Toyota Motor Corp. will ramp up engine production capacity in Thailand, as the car maker speeds up shifting its focus toward burgeoning demand in Asia and other emerging markets. Thailand Ready to Lure Movie Makers Ministry of Tourism and Sports Department of Tourism says Thailand continues to attract international film makers with more than 50 movie location requests in January. First Solar and Sonnedix Complete 7.5 MW CdTe Solar Farm in Thailand The plant, based on First Solar's cadmium telluride modules, will meet the annual electricity needs of more than 5,100 homes. Sonnedix Group and First Solar have announced the completion of the Nakhon Ratchasima Solar Farm in the Khorat region of north eastern Thailand. THAIFEX - World of Food Asia is Shaping up to be Yet Another Record Breaker The premier sourcing platform for food and hospitality trade buyers, will return from 23rd to 27th May 2012, with an expanded array of the latest products, services and technologies from food and beverage players across the globe.. China Lone BRIC among Top Emerging Markets with Thailand No. 2 When Antoine van Agtmael was traveling around Asia in the late 1970s, he became convinced there were companies worth investing in throughout the developing region... Bloomberg Markets: Forget the BRICs, These are the Most Exciting Emerging Markets in the World Bloomberg Markets Magazine has released its ranking of the most promising emerging markets for investors in 2012, and it makes for interesting reading. Thailand Still Strong as Food Processing Location Former British Prime Minister Tony Blair spoke about the challenges and opportunities facing the Thai economy at the Thailand Board of Investment CEO Forum in Bangkok in late January. Cartoon Network-Themed Waterpark Set for Thailand Turner Broadcasting System Asia Pacific has announced plans for a Cartoon Network-themed waterpark to be built in Thailand. Thailand Proving Best After China Among Global Emerging Markets During 10 turbulent years in Thailand, Kittiratt Na-Ranong tackled jobs ranging from president of the stock exchange to manager of the national soccer team, an underperforming outfit nicknamed the War Elephants. ASEAN Automotive Market Report by International Trade Administration (ITA), the Department of Commerce GE Refines Its Southeast Asia Strategy The company has made significant investments in the region as a whole to insulate itself from the volatility of the individual markets. IBM Targets Thai Expansion IBM Thailand is spearheading sales growth in both local and regional markets by using Thailand as a springboard to Laos. IBM Poised to Pursue Growth in Thai and Regional Market IBM Thailand aims to continue its growth momentum in Thailand, which has been identified as a growth market, and aims to be in line with the global target to increase earnings per share to US$20 (Bt600) in 2015, from $13.66 at present. Overflow Crowd at CEO Forum Looks to the Future More than 500 business leaders from overseas and local public and private sector organizations joined the BOI Fair 2011 CEO Forum to hear world-class speakers, headlined by former British Prime Minister Tony Blair, discuss the road ahead for Thailand. Economic Fact Sheet February 2012 PTT to Invest Bt900bn in Five Years PTT Group of Companies is earmarked to invest Bt900 billion during 2012-2012, of which Bt357 billion is for investment in coal, palm oil, floating liquefied natural gas (FLNG), LNG terminal, and power-generating business. Honda Discontinues Civic Assembly in PH Honda Cars Philippines Inc. (HCPI) has discontinued assembly of its popular sedan, the Civic, saying it is no longer competitive to produce it here. Thai January Industrial Confidence Rises for Second Straight Month Industrial confidence in Thailand improved in January for a second straight month, as factories partially resumed operations, and domestic demand and sales increased, after flood waters receded. Pantos Logistics Opens Thailand Distribution Center Pantos Logistics recently opened a 32,808-square-foot logistics center near the port of Laem Cabang, Thailand, as the third-party logistics provider aims to tap the growth of nearby auto and electronic goods manufacturing. Dow Program to Promote Industrial Sustainability Seeing the importance of this issue, Dow Chemical Thailand is extending its support to ensure sustainability of the sector. In partnership with ... HP Mulls $100m Thai Inkjet Plant US-based Hewlett-Packard expressed interest in forming a joint venture with Cal-Comp Electronics (Thailand) Plc to invest in a US$100-million inkjet printer production facility in Thailand. Nu Skin Looks for OEM Manufacturer in Southeast Asia Currently, all Nu Skin products are imported from the US. The new business strategy aims to cash in on the emergence of the Asean Economic Community (AEC) in 2015 Southeast Asia Manufacturing for Boeing Aircraft Booms The supply of parts, assemblies and services for Boeing products has created valuable new economic opportunities in Southeast Asia in recent years.. Renewable Energy Investors Eyeing Asia Beyond China, India Global renewable energy investors are increasingly looking to Southeast and South Asia,... Thailand: Corporate Tax Rate Reduced Royal Decree No. 530 issued on 21 December 2011 provides for a reduction of Thailand’s corporate income tax rate as follows... BOI Flood Relief Measure January 2012 Manufacturing in Thailand – the “Detroit of the East” Emily Aniakou, Today’s Machining World’s Managing Editor, was invited to join 11 other journalists from the U.S. and Canada... "CEO Forum" was a Great Success Press Release by the Office of the Board of Investment Thai-Indian FTA to be Concluded Mid-2012 Thailand and India set sights to conclude the free trade agreement (FTA) in the middle of this year... Economic Resilience Priority for 2012 The Bank of Thailand yesterday said its policy direction this year would focus on making the economy more resilient and improve the people's standard of living, while hinting that monetary policy could be eased amid moderate inflationary pressure Revamp for 5-Year Car Plan The Thailand Automotive Institute will revise its industry master plan for the next five years, with the main focus to be put on alternative energy and becoming a top 10 auto producer by 2014 Hana Budgets US$45m for Thai and China Expansion The SET-listed Hana Microelectronics will spend US$45 million this year to expand capacity at its factories in Thailand and China as well as to recover production at its flood-hit Ayutthaya facility. Thailand’s First Concentrating Solar Power Plant The first parabolic trough concentrating solar thermal plant using direct steam generation – delivers its full 5 MW of output to Thailand’s power network. IMF Cuts Growth Forecast for Philippines, ASEAN The International Monetary Fund has cut its growth projection even for the better-performing Asean region, which includes the Philippines, citing a mild recession likely to happen in Europe this year that may dampen growth of other areas. ASEAN Prepared for FTA with Hong Kong Asean members are prepared to study the pros and cons of the free trade agreement with Hong Kong, which officially submitted the intention last November. Thai-India Trade Expected to Double to $16bn by 2014 Bilateral trade between Thailand and India is expected to double within the next two years from US$8 billion last year as trading volume will be boosted by the implementation of a comprehensive free trade programme by mid-2012. Western Digital HDD Thai Production Ramping Up Western Digital resumed hard-disk-drive slider production at its Thailand facility this week. Why You Should Pay Attention to Southeast Asia China and India are now seen as distinct investment areas, rather than just another part of an emerging-market whole. But this isn’t true of Southeast Asia. New U.S. Programs to Help Thailand Manage Future Floods The United States, through the U.S. Agency for International Development (USAID), is providing three new programs to help Thai authorities and first responders prepare for and manage future emergencies. Adopting a Wai of the World I’ve never been to Asia. Consequently, when I had the opportunity to take advantage of an offer by the Thailand Board of Investment to tour various food manufacturing facilities, including the Jelly Belly Candy Co. plant in Rayong, Thailand, I didn’t hesitate... Economic Fact Sheet January 2011 Rolls-Royce Eyes Thailand, Vietnam Ultra-luxury carmaker Rolls-Royce is looking to expand into Thailand and Vietnam, a top executive said Wednesday, after it posted record sales in 2011 with Asia its fastest-growing market. Asia Pacific Economic Outlook (December 2011) Australia, China, Indonesia, Japan, and Thailand Thailand: Introduction to the Thailand Automotive Industry Online Presentation from Global Business Professor Thailand: Manufacturing in Thailand - Challenges and Opportunities Online presentation from Global Business Professor Thai-Peruvian FTA Takes Effect The Early Harvest programme under the free trade agreement between Thailand and Peru took effect on Dec 31, 2011, covering 70 per cent of goods traded between the two countries. Get Ready: ASEAN Economic Community is Coming in 2015 Thailand may encounter both crises and opportunities when the Asean Economic Community is implemented in a few years. Canon to Build New Factory in Thailand Canon to secure medium- to long-term production capacity, build flexible production system through establishment of new Thailand-based manufacturing company Government Confident of 7% Growth The government is confident Thailand's economic growth for the year 2012 will reach 7 per cent, Deputy Prime Minister Kittiratt Na Ranong said. After Devastating Floods, Thailand’s Economy Bounces Back After devastating floods, Thailand’s bruised economy is depending on the impact from government flood support funds, pent-up domestic demand and renewed corporate investment to spur growth. PwC's Autofacts Forcasts 2012 Global Automotive Light Vehicle Assembly to Exceed 79 Million Units and Top 100 Million in 2016 PwC's automotive analyst group, Autofacts, today announced that it expects 2012 global light vehicle assembly will exceed 79 million units, an increase of 6.8% from 2011's total. BOI Fair Showcases Thaialnd's High Technology, Innovations Thailand’s Board of Investment (BOI) today officially opened the BOI Fair 2011, scheduled through Jan 20 at the Impact Muang Thong Thani exhibition centre, marking the end of the massive flood crisis, and the drive to full recovery. SCG-DOW Group Achieve Successful Thailand HPPO Plant Start-up New HPPO facility finalizes start-up with successful full capacity run as planned. Visit BOI Fair 2011! Impact Exhibition and Convention Center, Bangkok, January 5-20, 2012, 10:00am-10:00pm Thailand: A Record of Resilence How will Thailand come back from one of the greatest natural disasters it has ever experienced? BOI Fair Hopes to Restore Confidence Major existing investors are joining forces to help Thailand rebuild investor confidence at the BoI Fair 2011 set to run from Jan 5-20. Lopburi Solar Power Plant Begins Commercial Operation Lopburi solar power plant, one of the world’s largest solar photovoltaic (PV) projects, on Thursday started commercial operation with capacity of 73 megawatts in the central province of Lopburi, about 150km north of Bangkok. Thailand, China Agree to Foster Bilateral Relations in All Dimension Thailand and China have agreed to strengthen bilateral ties at all dimensions and jointly develop their strategic partnerships while giving importance on the interactive between senior officials and at all levels. Two Japanese firms announce investment in Thailand Mitsubishi Electric and Hitachi Plant Technologies this week announced their decision to pour investment into Thailand, despite reportedly eroding confidence among foreign investors in the aftermath of floods. WD Thailand Participates in the BOI Fair 2011 Western Digital will showcase its hard disk drive technologies and consumer electronics and storage innovations at the upcoming BOI Fair 2011 Thailand Aims to be Cloud Service Hub The US and Taiwanese governments have agreed to stimulate adoption of rental cloud-based services among small and medium-sized enterprises for the Asia Pacific Economic Cooperation forum to improve competitiveness. Mitsubishi Electric to Strengthen Overseas Elevator Business with New Model Series and Enhanced Maintenance Structure The company will also strengthen its global supply of parts and engineering services through the establishment of a parts-supply and engineering company in Thailand. Hitachi Plant Technologies to Establish Indian, Southeast Asian Arms Hitachi Plant Technologies Ltd is in the process of establishing local subsidiaries in Southeast Asia and India as part of Hitachi's accelerated global expansion. Global Steel Dust to Build Thailand Steel Dust Recycling Plant Global Steel Dust (Thailand) Ltd., a wholly-owned subsidiary of Global Steel Dust Ltd. (GSD), based in Switzerland, has announced plans to build Thailand’s first steel dust recycling plant. Seagate Thailand Invests 1 Billion Baht to Expand Its Operations in Thailand Seagate Technology (Thailand) Limited, the world leader in hard disk drives and storage solutions, announced today an investment of about 1 billion baht (US$30 million) with the opening of a new building for read-write head manufacturing at its Korat facility. Thailand Becoming Design, Raw-Material Hub No longer only a manufacturing hub for Japanese clothing companies, Thailand is becoming a centre for raw materials and design, ... Thai Airways Launches Asia's First Commercial Biofuel Flight Carbon footprint trackers take note. Thai Airways announced it’s set to become Asia’s first airline to fly a commercial flight using only biofuels. Economic Fact Sheet December Edition IFC Launches Energy Financing Project in Thailand IFC, a member of the World Bank Group, is scaling up energy efficiency and renewable-energy financing in Thailand by partnering with Bangkok Mitsubishi UFJ Lease Ltd to help companies find funding for projects that reduce greenhouse-gas emission and use sustainable energy. Thai Investment Board: 11-Month Investment Applications +77% on Year Thailand's Board of Investment said Wednesday applications for investment incentives during the first 11 months of this year surged 77% from a year earlier. Thai and Foreign Companies are Ready to Participate in TAPA 2012 Thai and foreign businesses in the automotive industry have enthusiastically signed up to participate in ASEAN's Auto Parts & Accessories Fair, "TAPA 2012." JETRO's Survey The Japan External Trade Organization (JETRO) has released it Survey of Japanese- Affiliated Firms in Asia and Oceania (FY2011 Survey). The Survey was taken from August 1 to September 15 2011. Flood Rehabilitation and Prevention Measures in Thailand The Thai government is implementing strong efforts to rehabilitate industrial estates affected by the recent flooding. Policies are being put forward to strengthen the investment environment in Thailand through immediate, near-term and long-term flood measures. Thailand Ranks among Top 20 Easiest Business Locations This year, the country improved its rank in starting a business by 19 positions and trading across borders by 2 positions; the country ranked 97 in 2011 for being able to start a business. Green Industries Movement Takes Root in Thai Society A green awareness movement is spreading to all corners of Thai society, with much encouragement by government and business. From electronics to automotive to agri-business ... Thai Solar Energy Opens First Solar Thermal Plant Thai Solar Energy Co., Ltd. has opened a 5 MW solar thermal plant in Thailand – the first such facility in Southeast Asia. Toyota Renews Investment Commitment to Thailand Toyota Motor Corporation announced at its 42nd Tokyo Motor Show it will expand investment in Thailand with the goal of focusing on automobile technology to meet future demands including minimising the impact from natural disasters. A Trade Lesson for Thailand Who says disasters don't make for good policy? In the wake of a 50-year flood that has washed out key links in global supply chains, Thailand is revisiting free trade... Back to Work in Thailand Western Digital Corp. restarted production at a Thailand facility a week ahead of schedule and sharply raised its revenue outlook for the current quarter, showing progress in recovering from devastating floods in the country. China Pushes for East Asia FTA In contrast to the persistent economic woes affecting the Eurozone and U.S. markets and political instability in the Middle East, the emerging economies of East Asia have attracted a great deal of positive attention. Thailand Waives Import Tariff for Flood-Stricken Automakers Thailand's Cabinet on Tuesday approved provisional tariff exemptions for imported cars, auto parts and machinery as an effort to shore up the automobile manufacturing sector devastated by recent massive flooding. Thai Solar Energy to Spend 14 Billion Baht on New Projects Thai Solar Energy Co., Southeast Asia’s only solar-thermal energy producer, plans to spend more than 14 billion baht ($447 million) over the next five years to develop projects with a total capacity of 135 megawatts. Southeast Asia to Experience Robust Growth Southeast Asia will experience “robust” growth over the next five years, led by Indonesia, as the region’s increasing reliance on domestic demand to drive expansion buffers it from global downturns, the OECD said. Thailand Remains Attractive Investment Destination "Globally and regionally, Thailand remains an attractive investment destination. We won't expect lot of businesses to relocate," Annette Dixon, the World Bank's country director, at a press conference yesterday. Summary of Measures to Assist the Flood-Affected Entrepreneurs Compiled by Office of the Board of Investment (As of November 14, 2011) Asean Chief Outlines Broad Goals of Regional Integration In spite of the successful outcome of the Asean Leaders Summit in Bali last week, the association and its key trading partners are expected to strengthen cooperation on peace, social security and intra-regional trade to ensure a smooth integration into a single community by 2015. JETRO: Investment in Thailand Strong Thailand remains a strong candidate to cash in on the growing number of Japanese investors plying Southeast Asia, but it needs to promptly establish proper water management for the short and long-term, says the Japan External Trade Organisation (Jetro). Clinton Announces $10 Million US Flood Relief Package for Thailand U.S. Secretary of State Hillary Rodham Clinton played with a toddler and asked a little girl if she misses school during a quick visit to an evacuation center for Thai flood victims Thursday, a day after announcing a $10 million aid package. ASEAN+3 to be Major Channel for East Asia Integration ASEAN Plus China, Japan and Republic of Korea (ROK) (ASEAN+3) should be the major channel for East Asia integration amid the fragile world economic situation,... Toyota Remains Loyal to Flood-Hit Thailand While Thailand’s floods offer a golden opportunity for automakers to diversify their investment across the region – hunting down cheaper suppliers in nearby Vietnam or Indonesia – the kingpin of the Thai market, Toyota, has no plans to go anywhere. Michelin Planning Thailand Elastomer Composite Plant Michelin Siam is making preparations for a rubber composites production facility in Thailand. BOI's Board Approves Additional Emergency Measures to Help Flood-Affected Companies At its first meeting under the new government, the Board of BOI approved additional emergency measures to help companies affected by the flood crisis. Hino Production Resumes The bus and truck maker Hino is ready to restart production at its Amata plant in Chon Buri today as parts supply problems have been resolved. Some Plants Restart in Flood-hit Thai Industrial Parks Clean-up work is under way at four industrial estates in Thailand's central Ayutthaya province as water has receded after devastating floods last month, and some factories are already back at work, officials said on Monday. Honda Resumes Work Japanese motor giant Honda said it had resumed production at one of its plants on Monday, more than a month after suspending work because of the floods. Obama Seeks to Hitch US Economy to Asian Growth With Europe mired in crisis, President Barack Obama is launching a charm offensive this week to hitch the U.S. economy to growth opportunities in Asia that he hopes can help power the recovery he needs for re-election. Global Agricultural Implements and Machinery Market to Reach US$122.9 Billion by 2017 GIA announces the release of a comprehensive global report on Agricultural Implements and Machinery market. The global market for Agricultural Implements and Machinery is projected to reach US$122.9 billion by 2017. Mitsubishi to Restart Production in Thailand on November 14 Mitsubishi Motors Corporation plans to restart production at its plant in Laem Chabang on November 14. Seven-point Plan to Assure Foreign Firms despite Floods The business sector yesterday outlined a seven-point proposal to the government to help flood-affected enterprises to recover and foreign investors to regain confidence, including guaranteeing no more floods. Thailand Tries to Help Companies as Floods Spread Thailand offered more help Thursday to businesses affected by widespread flooding, as water spread deeper into Bangkok and threatened to cut off a major highway. Toyota Eyes Fast Restart Toyota Motor Corp will delay resuming operations in Thailand for 10 days, starting up Nov 21, says Akio Toyoda, president of Toyota. Insight: ASEAN’s Strategic Opportunity The 2011 global financial and fiscal crises in Europe and America continue to afflict countries and economies across all regions in all continents. ASEAN Set to be World's Eighth Largest Auto Market by 2015 While the Asian automotive markets' spotlight has been brightly shining on China and India in recent years, researchers at Frost & Sullivan (F&S) are pointing to untapped market potential in the ASEAN markets of southeast Asia. Viaspace, Seema Energy Partner on Biomass power plant in Thailand Viaspace, through its subsidiary Viaspace Green Energy, has signed a memorandum of understanding (MOU) with Seema Energy to co-develop the detailed plan for a Giant King Grass plantation to fuel Seema's proposed 90MW biomass power plant in Thailand. FTA between Peru and Thailand Take Effect in January 2012 This was announced by Deputy Minister of Foreign Trade, Carlos Posada. BioAmber and Mitsui & Co. to Build and Operate Plants Producing Succinic Acid and BDO BioAmber and Mitsui plan to build and operate a second plant in Thailand, which is projected to come on line in 2014. Economic Fact Sheet November 2011 Benchmark Electronics Restarts Idle Facility in Record Time Benchmark Electronics, Inc., a leading integrated contract manufacturing provider, announced that its Korat, Thailand facility has begun manufacturing operations. Thailand: A National Export Initiative Priority Market "3 Things to Know about the Thailand Market" features Cynthia Griffin, Senior Commercial Officer, U.S. Embassy, Bangkok, Thailand. 'New Thailand' to Emerge as Recovery Takes Shape The government is being urged to set up an 800-billion-baht "New Thailand" programme for post-flood reconstruction Solar Rebirth Coming Solar power for households and rooftops should be more widespread in Thailand soon, says the Department of Alternative Energy Development and Efficiency. BOI Fair 2011 Postponed to 5-20 January 2012 Thailand Board of Investment (BOI) has received the government’s approval of a postponement of the BOI Fair 2011 from November 2011 to 5-20 January 2012. Thailand is Preparing for the Renowned ASEAN Auto Parts Trade Fair: 'TAPA 2012' Thailand is once again hosting "TAPA 2012," one of the largest auto parts trade shows in the entire region. BOI's Announcement on Flood Relief Measures for Plant Operator In order to help BOI promoted companies affected by the flood, One Stop Service Center for Visa and Work Permit has provided services regarding visa and work permit. Latest Update on Flood Situation in Thailand by Ministry of Foreign Affairs The BOI has Announced a Measure to Assist Promoted Companies that have been Affected by Flooding For details of this measure, please click here FTI Asks Government for Relief The Federation of Thai Industries (FTI) yesterday proposed measures to help relieve the impacts of flooding, while the Industrial Estate Authority of Thailand (IEAT) warned that six more industrial estates face flood threats. BOI to Help Manufacturers Affected by Flooding The Board of Investment (BOI) today announced measures to help manufacturers affected by flooding. Operators can immediately move machinery and raw materials out of flood-affected areas to prevent damage, and can seek BOI help every day. Economic Fact Sheet October 2011 Local Animators Seek Help to Enter Overseas Deals The digital content industry in Thailand continues to grow, with expectations that it will achieve revenue of Bt27.2 billion this year. Nissan Begins Production of Second Eco Car in Thailand Nissan Motor Co began manufacturing its Almera sedan, a car designed to be more environmentally friendly, in Thailand Friday as part of its push to increase its market share in South-East Asia to 15 per cent. EWL Launches Far East Logistics Hub in Thailand Frozen food distribution business Edge Worldwide Logistics has begun its global expansion programme with a new base in Thailand, and plans to launch sites elsewhere in Asia and in Europe. Thailand Aims to be Regional Energy Hub, to up Oil Reserves Thailand aims to revive a long-stalled plan to become an oil trading and biofuel hub in Southeast Asia, challenging Singapore's dominance, its new energy minister said on Thursday. Solvay Commissions the Largest Hydrogen Peroxide Plant in the World in Thailand Solvay announced today that MTP HPJV (Thailand) Ltd, its hydrogen peroxide joint venture with The Dow Chemical Company (Dow), has successfully commissioned the largest hydrogen peroxide (HP) plant in the world. SCG-DOW Group Reaches Key Milestone toward Thailand HPPO Plant Start-up The Dow Chemical Company announced today that the SCG-Dow Group has reached a key milestone for the new propylene oxide facility in Thailand by ramping the plant up to stable production levels in preparation for the full capacity run scheduled for the fourth quarter of 2011. Car Manufacturers in China to Shift Production to Thailand To avoid import duties and rising instances of tough competition, many auto companies in China are contemplating a shift from import to production of their products. Ford: B60bn Local Content Ford has pledged to purchase nearly $2 billion or 60 billion baht per year worth of locally made parts once its new automobile plant in Rayong begins operations next year. Thai Manufacturing Output Rises More Than Estimated on Autos Thailand’s industrial output rose more than estimated in August as demand for autos recovered following the March earthquake in Japan, the Southeast Asian nation’s biggest trading partner. NIA Announces Bt20 Million Funding for 100 Software Projects NIA in cooperation with the Association of Thai Software Industry (ATSI) announces the initiation of the "Create Innovative Software with Bt200,000 Support" project, to support 100 individual innovative software projects with grants of Bt200,000 each, for a total funding of Bt 20 million. Kittiratt Promises Increased Growth in 2012 The economic crisis in the United States and Europe will not have a direct effect on Thailand, but it will have an indirect impact on the country's exports to countries in Asia and Asean, Commerce Minister Kittiratt Na-Ranong said on Wednesday. 2013 Chevy Colorado Made in Thailand In a race to cut down production costs, General Motors has announced that its 2013 model year Chevrolet Colorado will be manufactured in Thailand. Forum of the Year "CEO Forum at Thailand's BOI Fair 2011" BOI Fair 2011 "Going Green for the Future", Thailand's giant international fair, will be held between 10 and 25 November 2011 on 240,000 square metres of space at the Impact Exhibition Center, Muang Thong Thani. Thailand's Low Carbon Fiar "BOI Fair 2011" At the end of this year, Thailand's biggest and most comprehensive exhibition, the BOI Fair, will be back. Eleven years have passed since the last BOI Fair was held, and this year's event, BOI Fair 2011, will mark a new ultimate, with every industry and business displaying products and technology. Solar Service Giant Plans to Invest $100m in Thailand SunEdison, North America's largest solar energy services provider, plans to invest more than US$100 million next year in solar power plants in Thailand through a local partnership. Thailand's Auto Industry to be Center of the ASEAN Market Strategic R&D and manufacturing investments from GM, Nissan and American Axle & Manufacturing (AAM) have put Thailand at the forefront of the auto industry in ASEAN and international markets within the past few months. DuPont Invests in First Innovation Center in Southeast Asia Thailand’s NSTDA has created a fertile environment for international private investment from companies like the US-based DuPont, by linking business, university and research fields to encourage knowledge and technology transfers between the public and private sectors. Firm Keen on Local High-Tech Instrument Potential Thailand could be exporting high-tech medical devices within five to six years, provided the government supports the industry. Ford Sees Asia Pacific, Africa Comprising 33% of Sales by 2020 Ford Motor Co. expects the Asia Pacific region and Africa to make up a third of its global sales by 2020, as robust customer demand and its own expansion drives growth. Small Japanese Manufacturers Eye Move to Thailand as Yen Stays Strong Small- and medium-sized Japanese manufacturers are increasingly looking to move production to Southeast Asia as a cost-cutting measure to counter the strong yen, with several businesses setting their eyes on Thailand. Thailand may House GE Solar-Cell Plant Thailand could become the home of GE's second thin-film photovoltaic-cell manufacturing plant, thanks to the proliferation of solar-power investment in the Kingdom. Swarovski Distributor Sees Regional Role for Thailand Singity (Thailand) Ltd, a Thai marketing subsidiary of Swarovski Gems, plans to use the country as its distribution centre for Southeast Asia and India to benefit from the Asean Economic Community (AEC), which will take effect in 2015. BioAmber Partners with PTTMCC Biochem for PBS production in Thailand PTTMCC Biochem (PTTMCC), a joint venture between PTT PLC and Mitsubishi Chemical, has selected BioAmber Inc. as its partner for a polybutylene succinate (PBS) plant that will begin construction in Thailand in 2012. Tenneco's Investment in Advanced Technology and Expanding Markets Driving Growth Tenneco is capturing growth with a full suite of emission and ride control technologies and a manufacturing and engineering presence that spans the world. Toyota Considers Thailand Car Exports Toyota Motor Corp. may start exporting subcompact cars from Thailand for sale in other markets, a senior executive said Wednesday. Sharp Begins Solar Maintenance Business in Asia Sharp Corporation has recently signed an agreement to provide maintenance service for a mega-solar power generation plant(73 MW) in the Kingdom of Thailand. This plant, which will be one of the world's largest, will be operated by NED, a major independent power producer in that country. AAM Opens New Manufacturing Facility in Thailand American Axle & Manufacturing Holdings (AAM), a tier 1 supplier of driveline and drivetrain systems and related components for the automotive industry, has expanded its manufacturing presence in Asia, with the opening of new facility in Rayong, Thailand. GM Opens $200 mln Thailand Diesel-Engine Plant General Motors Co. opened a $200 million diesel engine plant in Thailand's eastern Rayong province Friday, which is the U.S. auto maker's first such plant in Southeast Asia. Thai Industry may Take up Japan's Loss Thailand could potentially compete with China and others in the region in attracting 2 million units in Japanese car production lost to the March earthquake and tsunami. Industry Focus Investment Opportunities Ripen in Thai Pharmaceuticals Industry Thailand Steps on Gas for Growth Thailand's new government said a quick set of aggressive measures will ramp up economic growth rates next year, but economists worry that Prime Minister Yingluck Shinawatra's populist policies are storing up trouble for months to come... Nestlé to Invest $119.7m to Boost Production in Thailand Swiss food and beverage giant Nestlé will invest CHF98m ($119.7m) in Thailand. With this two year investment, the company plans to expand manufacturing capacity of its products including coffee and ice cream... Loxley Renews Renewable Energy Focus Loxley Plc, one of Thailand's largest trading conglomerates, is turning once again to renewable energy, with 3 billion baht earmarked for the next five years. Google Thailand Opens for Business Internet search engine Google has officially opened its representative office in Thailand in a drive to boost local content of its web services and the visibility of its business online. Thai Growth Unexpectedly Slows on Japan Quake Disruptions, Global Economy Thailand’s economic expansion unexpectedly slowed last quarter after the earthquake in Japan disrupted trade and as faltering recoveries in the U.S. and Europe cloud the outlook for global growth. Bangkok Gets Nod for DuPont Research Center The US-based chemical company DuPont has chosen Thailand for its first innovation centre in Asean, reflecting DuPont's aim to expand in one of the fastest-growing regions in the world. Thailand's Vehicle Production from January to July 2011 increased 4.7% Automobile production in July reached 147,236 units, compared with the same period in 2010 rose 1.01%, but compared with June down 4.17% now mainly concentrated in the one ton capacity load-bearing trucks, to 94,985 vehicles... Cargill to Increase Cooked Chicken Production in Thailand Cargill has made plans to spend $100 million to increase its annual production capacity of cooked poultry products in Thailand by approximately 24,000 metric tons. Thailand: Kitchen of the World Americans love dining at Thai restaurants, but few realize that many of their meals at home may also be Thai. One of the world's top exporters of processed food, Thailand leads the market for canned tuna, frozen seafood, canned pineapple, rice and chicken. Thailand Pushes to be an Eco-car Production Powerhouse Quick, name the 12th largest automotive manufacturing company in the world. Since we kind of gave the answer away in the headline, we’re not too surprised that you just answered Thailand. Thailand Production Bases are Safe for Now Thailand will remain a regional production centre for garments, processed foods and home appliances, with potential relocations from other Southeast Asian nations to here possible, says the UN Conference on Trade and Development (Unctad). Food Exports: Value may Hit 1 Trillion Baht in 2 Years The value of Thai food exports is expected to reach Bt1 trillion within the next two years thanks to continued high global demand, with sales this year predicted to hit Bt900 billion, said the Federation of Thai Industries' Food Processing Industry Club and the National Food Institute. Thai Gems and Jewelry Industry Mix of History, Innovation Combining a deep ancient tradition, excellent craftsmanship and sophisticated modern technology, Thailand’s gems and jewelry industry sparkles among the world’s finest... Economic Fact Sheet August 2011 Thailand Emerges as Global Hub for Fuel Efficient and Environment Friendly Car Manufacturing From its position as the world's No. 1 producer of one-ton pickup trucks, Thailand is quickly emerging as a global hub for fuel efficient, eco-friendly car manufacturing, with EURO-4 emission standards and a fuel economy of nearly 50 miles per gallon. Six of the world's top auto producers ... Nissan Plans ASEAN Expansion - Thailand and Indonesia Integral to 6-year Development Plan Nissan has announced a new six-year business development plan for the ASEAN region, with the objective of more than tripling sales to 500,000 units with a 15% market share by the end of 2016 from the 150,000 units and 6% market share it had in 2010. Mitsubishi to Double Production in Thailand by Next Year Things are definitely perking up in Thailand where Mitsubishi Motors is concerned. The automaker says it is planning to more than double its production output in the country during the first half of 2012, to 450,000 units annually. Nissan Navara to Roll off Mitsubishi's Thai Plant from 2012 Nissan and Mitsubishi have announced that the current generation Nissan Navara one-tonne pickup truck will be manufactured at Mitsubishi Motors' Laem Chabang plant in Chonburi, Thailand. 34% Jump in BOI Projects Exceed Projection The Board of Investment yesterday reported better-than-expected first-half data, with applications for BoI privileges valued at 247 billion baht, up by 33.6% year-on-year. Bangkok Moves up Expat Cost-of-Living Table Bangkok has moved up sharply in a global survey of expat living costs but remains a better bargain than many Asian centers. Tata Motors Set to Expand Global Footprint Tata Motors is all set to enter the next level of internationalisation. The company already earns about two-thirds of its passenger car revenue from overseas operations and is now planning to set up an assembly plant in South Africa to expand its global footprint. Thailand's Logistics Future: A Window of Opportunity The strategic development of logistics in Thailand has been neglected for a long time. Like many of its Asean neighbours, the country has been affected by issues such as limited infrastructure, traditional cost containment and the lack of awareness about good logistics practices. Thailand Aims for Top 10 Carmaking Status by 2015 Thailand's auto industry is targeting production of 3 million vehicles annually by 2015, pushing the country into the top 10 from its present 12th ranking. Industry Focus Resilient Thai Auto Industry Cruising to Top 10 Goal Economic Fact Sheet July Edition NESDB Issues Economic Projection The National Economic and Social Development Board (NESDB) projects a recovery in the automotive industry in the second half of this year, but warns food and energy prices remain as constraints to Thai economic growth this year. Economic Fact Sheet June Edition DKSH opens bakery and confectionery innovation centre in Thailand DKSH Holdings Ltd, the Swiss market expansion services group, has invested in a new innovation centre in Thailand as part of an initiative to introduce new concepts and ingredients to the local confectionery and bakery industry. Caterpillar to Build Tractor Factory in Thailand Mining and construction equipment builder Caterpillar Inc. plans to open a new manufacturing plant in Thailand to produce medium-duty tractors. Bangkok Bank, Tisco Bank Offer Ford Motor THB15.5 Billion Loan Bangkok Bank PCL (BBL.TH), Tisco Bank, and Export-Import Bank of Thailand have jointly offered a THB15.5 billion ($509 million) loan to Ford Motor Co.'s (F) facility in Thailand's eastern Rayong province. World-scale Acetal Production Site to Emerge in Thailand Thailand's fast-growing automotive industry is one factor behind the decision of polyacetal (POM) supplier Mitsubishi Gas Chemical (MGC) to add 45,000 tonnes/year of capacity at its joint venture manufacturing site in Rayong Province, boosting overall capacity to 100,000 tonnes/year. Thai Economy in the First Quarter and Outlook for 2011 The Thai economy in the first quarter of 2011 expanded by 3 percent and it is likely to grow between 3.5 and 4.5 percent this year. Plans for Increasing Production at Thai Polyaceta Mitsubishi Gas Chemical Company, Inc. has decided to expand polyacetal (POM) production equipment at Thai Polyacetal Company, Ltd. (TPAC), a MGC production subsidiary in Thailand, to increase annual production by 45,000 tons. Japan Remains Top FDI Contributor The Board of Investment has received a number of 431 investment applications from foreign companies in the first five months of this year. International companies invest in Thailand’s Bioplastic and Biofuels Industries Recent international investments in Thailand’s bioplastics and biofuels industries has secured the country’s position as a regional hub for companies searching for extensive industry knowledge and long-term commitment to renewable energy business development. ADB Invests in Three Climate Change Technology Venture Capital Funds The Asian Development Bank (ADB) is investing $60 million to help set up three venture capital funds dedicated to nurturing new climate change technologies. Thailand Economic Growth Accelerates, Maintaining Pressure for Rate Rises Thai economic growth accelerated in the first quarter to the fastest pace in a year, adding pressure for higher borrowing costs to contain inflation as the government prepares for a July 3 election. Thailand Auto sales increase 17.8% in April New vehicle sales in Thailand rose to a record 67,283 units in April 2011, up 17.8% compared with the levels reported in the corresponding month a year earlier. With this increase, vehicle sales in the first four months of this year increased 36.6% year-on-year to a record 305,902 units. Foreign applications for investment up 53% in first quarter Board of Investment (BoI) Secretary-General Atchaka Sibunruang on Thursday voiced confidence that the investment value from applications for investment promotions would reach Bt400 billion this year as targeted given the clear recovery of the global and domestic economies. Cargill expands chicken production in Thailand United States-based agribusiness conglomerate Cargill is extending its investment in chicken meat production by investing in its subsidiary in Thailand. Bridging the public-private divide Interview with Dr. Atchaka Sibunruang, Secretary General of the Board of Investment (BOI) Thailand's Politics-Proof Economy Despite the continuing chaos of elections and unrest, foreign and domestic investors power ahead. Thailand to Perform Well in 2011 The World Bank East Asia and Pacific Economic Update 2011, Securing the Present, Shaping the Future, reports that the developing countries of East Asia have rebounded from the recent global financial crisis, and that much of this recovery was due to decisive and large economic stimulus programs. Thailand GDP Growth Accelerates BANGKOK—Thailand's economic growth accelerated in the first quarter, but at a slower pace than market expectations, driven by strong domestic demand and record exports, though the natural disasters that hit Japan in March could trim the expansion in the April-June period. Industry Focus Thailand Making Steady Progress Toward Biotech Hub Global Fourth Toyota Production Line Mooted for Thailand Toyota Motor Thailand is gearing up to convince its parent company to pour investment into a fourth production line in Thailand, as operations here have become the company's strongest in the aftermath of the tsunami. JBIC 2010 Survey: Satisfaction in Thailand remains High The Japan Bank for International Cooperation (JBIC)in December released its 2010 Survey Report on Overseas Business Operations by Japanese Manufacturing Companies. Food export value seen rising 20% Exports of Thai food this year may expand in value by 20%, double the earlier projection of 10%, due to rising farm and food prices and stronger demand, says Chatchai Boonyarat, vice-chairman of the Thai Chamber of Commerce. Ford Backs Tax Structure Ford has become the first carmaker to announce its support for the government\'s proposals to restructure automotive excise taxes based on carbon dioxide emissions. Summary of Industrial Economic Condision 2010 and trend 2011 The Office of Industrial Economics has complied its annual report on the Thai economy, offering a good summary of economic growth, sector by sector. Economic Fact Sheet May Edition Benchmark Electronics Announces Thailand Facility Class III Medical Device Manufacturing Capabilities Benchmark Electronics, Inc. (NYSE: BHE), a leading integrated electronics manufacturing services (EMS) provider, announced its Thailand facility has successfully completed a full Quality System Inspection Technique (QSIT) audit from the Food and Drug Administration (FDA) Thailand Considering Corporate Income Tax Rate Cuts In a bid to boost the investment friendly image of the country, the Thailand government is considering a significant reduction in the corporate income tax rate, Thai Premier Abhisit Vejjajiva has informed while addressing a luncheon meeting organized jointly by industry organizations in India. Industry Focus Medical and Halal Food Products Add to Huge Industry in Thailand Economic Fact Sheet April Edition BOI Press Release All 84 Pavilions Booked at BOI Fair 2011 SET likely to hit all-time high in 2013: FETCO The Federation of Thai Capital Market Organisations (Fetco) expects the Thai bourse in 2013 to exceed the record high achieved before the 1997 Asian financial crisis... More Growth Ahead for Thailand’s Auto Industry Production of passenger cars and trucks in Thailand will climb 22% from 2010 to 2 million units this year and top 2.5 million units within five years, predicts the government-backed Thailand Automotive Institute (TAI). Output soared 65% year over year in 2010 to 1.65 million vehicles. LOreal Targets Outpacing the Industry The French cosmetics maker LOreal has chosen Thailand as one of its 15 key strategic countries to drive global growth this year... ICT Centers, Software Industry Expand Thailand’s Ministry of Information and Communications Technology announced recently its plans to invest $16.4 million to build 1,100 ICT learning centers during the 2011 fiscal year to promote continuing education and self-learning across Thailand. Google Opens Regional Office in Thailand Recognizing the growing number of small to medium-sized enterprises (SME) requiring high-speed Internet access in Thailand, Google announced in February the opening of a regional office in the country and is expected to add 100 jobs across Southeast Asia. General Motors Celebrates Press Line Expansion General Motors Thailand recently celebrated a new, $10.9 million press line at the company’s Rayong plant, which will support production of a new, world-class truck. Economic Fact Sheet March Edition Dow Chemical Seeks to Go Green Locally US-based Dow Chemical is mulling an expansion of its operations in Thailand, already the company\\\'s largest Asian production base, to include renewable energy-related products and water recycling. Thailand Automotive Industry Catches Attention of International Automakers Auto parts suppliers and car makers are increasingly looking at the possibility of expanding their operations in Thailand. Thailand’s market is expanding at a rapid pace; Vehicle sales 2010 totaled around 800,000, a 45% increase on 2009.... Thailand’s Economy Rapidly Growing Despite a worldwide financial crisis and a brief recession during the October-December quarter, Thailand’s economy not only grew in 2010, but many data points hit all-time highs during the year, one of the best for economic growth in the country’s history. Cigna invests $56 million to expand in Thailand US-based Cigna Insurance, which specialises in affinity marketing and alternative distribution channels, is investing US$56 million (1.7 billion baht) over the next three years to strengthen its business expansion. Microsoft Thailand gains B40m budget Microsoft allocated an additional 40 million baht for its local operating unit this year to aggressively promote its cloud computing software among the online community in rural areas. Thailand Emerges From Recession Thailand emerged from a brief recession in the October-December quarter as exports continued to grow at a healthy clip, along with private investment and domestic consumption, but the expansion is forecast to moderate in 2011... Economic Review 2010: Return to Growth and Prosperity The positive momentum in the economy that ushered in 2010 was sustained throughout the year as Thailand moved from economic contraction in 2009 to a full year growth of near 8 percent. BOI Road Show to US a Great Success The recent road show to the US held by Thailand Board of Investment (BOI) was a great success as the country received confirmation from giant American investors of their investment expansion projects, according to Minister of Industry Chaiwuti Bannawat who led the road show. Chevron Speeds Up Thai Gas Project Chevron Corp. said Wednesday that it hopes to advance the startup of a $3.1 billion natural-gas project in the Gulf of Thailand to this year, in the latest step by the major U.S. energy producer to cash in on booming Asian demand for cleaner-burning fuels. Caterpillar News Caterpillar to Open Facility in Thailand to Produce Underground Mining Machinery 2010 FDI Enjoys Constant Growth FDI in Thailand continued strong throughout 2010 with Japan as the largest investor with Bt100 billion investments value, or a 35 % increase over 2009.... Abhisit sure of steady growth Prime Minister Abhisit Vejjajiva says he remains confident that economic growth will be between 3.5% and 4% this year despite challenges including inflation, high oil prices and weaker border trade resulting from the conflict with Cambodia. Ducati Opening Factory in Thailand Get ready to pour some peanut sauce on your spaghetti as Bologna Bullets destined for the Southeast Asian markets will soon be produced in Ducati’s newly planned factory in Thailand.... Economic Fact Sheet February Edition Toyota starts manufacturing Prius in Thailand Toyota Motor Corp. (NYSE:TM) said Monday it has started producing the Prius gas-electric hybrid car in Thailand to meet growing demand there for vehicles with environment-friendly and energy-saving technologies. Swiss shower maker chooses Thailand Switzerland-based shower maker Nikles has chosen Thailand for its Asia-Pacific headquarters and global manufacturing centre. Saab Increases Presence in Thailand Trough Investment in Local Defence Industry Saab has signed a letter of intent with the Thai company Aviasatcom Co., Ltd. for becoming a part-owner and strategic partner with up to 40 percent of the shareholdings. Kyocera Chosen by Solar Power to Provide Solar Modules to Thailand Kyocera Corporation declared that it has entered into an accord to provide 204 MW worth of one million solar modules for a large solar power generation project in Thailand. Dow to build B2bn plant Dow Chemical Co plans to invest 2 billion baht (US$67 million) to expand its propylene glycol production in Thailand. Dow Announces Plans for New Propylene Glycol Plant in Thailand The Dow Chemical Company announced that it plans to build a propylene glycol (PG) plant in Map Ta Phut, Thailand, Yokohama reaches green goal in Thailand Yokohama Tire Manufacturing (Thailand) Co. Ltd. (TRYT) has achieved \\\"complete zero emissions,\\\" according to its parent company, Yokohama Rubber Co. Ltd. The passenger, truck and bus tire plant produces \\\"no waste subject to direct landfill disposal.\\\" Toyota to Lift Production Capacity in Thailand Toyota Motor Corp. said Thursday that it will ramp up production capacity in Thailand and Argentina as it attempts to take advantage of growing auto demand in less expensive emerging markets to offset the high cost of doing business at home. Mitsubishi Motors to Begin Building New Global Compact in Thailand in 2012 Mitsubishi Motors Corp., maker of the i-MiEV electric car, plans to invest 16 billion baht ($532 million) in a new Thailand plant where it will begin production of a global compact model in March 2012 Economic Fact Sheet December Edition DKSH opens new beverage pilot plant in Thailand DKSH, a market expansion services group with focus on Asia, said its Business Unit Performance Materials, a distributor of food and beverage ingredients, has recently opened a lab-scale beverage pilot plant with a capital investment of CHF300,000 (approximately $297000) in Thailand Tata Motors Launches Mini-Truck In Thailand Tata Motors Ltd. has launched its mini-truck \\\\\\\'Ace Super City Giant\\\\\\\' in Thailand and also disclosed plans to enter the Thai car market in the next couple of years. The company is also looking to tap opportunities in Malaysia and Indonesia Honda to make small car in Thailand, India. Honda Motor Co unveiled a new strategic small car specifically for Asian markets to meet demand from Asia\\\'s middle class the Nikkei business daily reported Thailand proceeds with Medical Hub II It is widely accepted that Thailand is one of the few countries in the world that can provide the best possible health care for a reasonable cost. Thai PM: Can Afford Another Economic Stimulus If Needed Thailand can afford to stimulate its economy again if needed, Prime Minister Abhisit Vejjajiva said Wednesday, adding that he sees risks to growth going forward. Bangkok-Nong Khai high-speed train project to be completed late 2015 A high-speed train project, a planned joint investment project between Thailand and China, which will link between the Thai capital and Nong Khai province bordering Laos is expected to be completed in late 2015, said Supoj Saplom, permanent secretary for Thai Transport Ministry. Economic Fact Sheet November Edition Japan Remains Thailand\\\\\\\'s Largest Investor Japan remains the largest foreign investor in Thailand with 284 applications worth 71,342 million baht (2.4 billion U.S. dollars) in first ten months of 2010, said Board of Investment (BOI) Friday. Thailand Announces \\\'BOI Fair 2011\\\'; Five leading Thai and foreign companies agree to take part Thai Prime Minister, Abhisit Vejjajiva, announced the plan for the exhibition BOI Fair 2011: Going Green for the Future, stating that the BOI 2011 event was an important project in which the government and private sectors would cooperate to show the strength and potential of Thailand\'s industry Mercedes-Benz building engine manufacturing facility in Thailand Mercedes-Benz is building a plant to manufacture four-cylinder engines in Thailand Thailand to produce 1.7 million vehicles by year end Thailand is maintaining its position as the \\\"Detroit of Asia\\\", beating all production records to produce about 1.7 million cars by year end and is now ranked as the 14th largest world auto producer, according to the Federation of Thai Industries (FTI)\'s Automotive Industry Club Suntech Selected for Phase Two of 44MW Solar Power Plant in Thailand Suntech Power Holdings Co., Ltd. (NYSE: STP), the world\\\'s largest producer of solar panels, will supply 9.43MW of solar panels and technical support for the second phase of a 44MW solar power plant (38MW AC output) in Thailand Pfizer picks Thailand as SEA regional hub Pfizer has chosen Thailand as its regional operations hub for animal-health products in Southeast Asia, capitalising on the regions fast-growing economies Ajinomoto: To Invest Y24 Bln To Boost Seasoning Output In Thailand Ajinomoto Co. (2802.TO) Thursday said it will spend a total of Y24 billion to boost seasoning production capacity in Thailand, as part of efforts to further extend its global reach New push to lure VW, Audi The government is preparing to woo German automakers and parts manufacturers to set up production bases in Thailand to serve Southeast Asia and Oceania. Foreign investors flock to Thailand The world economy is stuttering to recover across the west, but Asia is booming and keeping global growth going. CTS Expands Thailand EMS Site CTS said it will nearly double its capacity by adding 30,000 sq. ft. of space to its facility near Bangkok Honda to import midsize motorcycle from Thailand Honda Motor Co. will begin imports of a midsize motorcycle it produces in Thailand for sales in Japan starting this week, officials said. Sumitomo Metals joins steel plate mill in Thailand Sumitomo Metal Industries has decided to take part in the Canadoil Group\\\'s steel plate mill business in Thailand by investing US$50 million into the group\\\'s holding company Economic Fact Sheet October Edition Featured story US Companies Turn Thumbs Up In AmCham Outlook Survey Industry Focus Regional Operating Headquarters Success Stories Nestlé and the DOW company Thailand\'s Economy Q2 Economic Engine Drives Forward Economic Fact Sheet September Edition Industry Focus Alternative Energy AMCHAM Business Survey Outlook 2010 U.S. companies in Thailand expect positive economy, profit, and business expansions Success Stories Canadoil Group and Celestica - yet another success in Thailand Success Story ThaiMed - Strong Growth in Medical Devices Industry Focus Thriving Medical Devices Sector in Asia\\\'s Health Care Hub

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