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NEWS UPDATES Asean Affairs   13 March 2012

Major Japanese companies confirm Thailand investment plans

TOKYO, March 9 -  Top management of leading Japanese companies welcomed Thailand’s flood-prevention measures, confirming their decisions to move ahead with planned investment expansion in Thailand, Prime Minister Yingluck Shinawatra said on Friday.

On the last day of her four-day official visit to Japan, the Thai prime minister met ten executives from leading Japanese private companies, including Toshiba, Honda, Toyota, Nissan Motors, Mitsubishi Motors Corporation, Isuzu Motors, Suzuki Motor Corporation, and the Bridgestone Corporation.

Ms Yingluck expressed deep regret to the companies for their flood-related losses from Thailand devastating floods last year. She reassured them that Thailand has well-managed with permanent flood prevention to ensure that investors will have no repeated negative repercussions.  Ms Yingluck reemphasised Thailand’s appeal as an attractive investment base.

The Japanese executives welcomed the Thai government's measures regarding water management and were confident that flooding will not recur.

They were also satisfied with the country’s investment incentives as well as Thailand’s tax measures, the premier said.

The Japanese firms said they will move ahead with their plans to expand their investment  stakes in Thailand. Five automakers – Nissan, Honda, Suzuki Motor, Toyota and Mitsubishi Motors Corporation – have investments valued at Bt29.6 billion, according to Ms Yingluck. And Isuzu Motors plans to increase production capacity of pick-up trucks by 100,000 units to 400,000 units with an investment of approximately Bt6.5 billion.

Bridgestone also plans an investment upgrade of Bt20 billion to manufacture tires, she said

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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