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GM to scale down production in Thailand

GM did not elaborate, but said it would initiate a “voluntary separation program” for staff. In total, GM employs around 3,200 people in Thailand.

Aishwarya Gupta

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GM Southeast Asia in Thailand

GM’s Thai plant in Rayong, an industrial city southeast of Bangkok, will be scaled down from current annual capacity of 180,000 vehicles. The company did not elaborate, but said it would initiate a “voluntary separation program” for staff. In total, GM employs around 3,200 people in Thailand.

via After Indonesia retreat, GM retrenches in Thailand too – Fortune.

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Thailand’s automotive sector expected to produce 1.4m cars this year

This increase in output is a result of the recovery of domestic and export markets, with the annual output for 2021 expected to be around 1.4 million.

National News Bureau of Thailand

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Thailand Automotive Institute (TAI) anticipates the overall output from Thailand’s automotive sector this year to be around 1.4 million cars. They are, however, still cautious over automobile exports until at least March this year, due to the resurgence of COVID-19 cases around the world.

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Can Fintech drive a strong post-COVID-19 recovery in Asia?

The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.

Asian Development Bank

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To say 2020 has been a challenging year is a massive understatement. The COVID-19 pandemic has quickly undermined development gains from recent decades and slowed growth in many Asian economies.

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Asia’s supply chains to be tested by COVID-19 vaccine delivery

The global logistics company DHL estimates that global vaccine coverage will take around 200,000 pallet shipments and 15 million deliveries in cooling boxes as well as 15,000 flights.

Asian Development Bank

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The enormous logistical challenge of vaccine distribution will be aided by trade and supply chain finance guarantees.

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