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BOI approves 17 investment projects worth 43 bln baht ($1.2 bln)

BoI secretary-general Mrs Hirunya Suchinai said that the 17 projects would utilize local raw materials estimated to worth 28.8 billion baht annually.

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BoI secretary-general Mrs Hirunya Suchinai said that the 17 projects would utilize local raw materials estimated to worth 28.8 billion baht annually.

The approved projects include CPF’s four animal feed and silo projects in Roi-et, Chiang Rai, Samut Prakan and Prachin Buri. Intech Feed’s animal feed project in Samut Sakhon, Betagro’s animal feed project in Songkhla, Panel Plus MDF’s fiberboard project in Songkhla, Toto’s sanitary ware project in Saraburi and Ford Motors’ pick-up truck project in Rayong.

Japanese businesses are still confident of making investments in Thailand as it is anticipated that Thailand will play a very prominent role in the Southeast Asia region once the ASEAN Economic Community takes shape, according to the Japanese Chamber of Commerce in Thailand.

Representatives of Japanese businesses met Minister of Commerce Apiradi Tantraporn on Wednesday to discuss trade and investment in Thailand. Akira Murakoshi, the chamber of commerce’s president, said after the meeting that the number of members at the Japanese Chamber of Commerce continued to rise, which implied that Japanese businessmen were still confident in making investment in Thailand.

He suggested that Thailand rapidly make preparations to take advantage of the ASEAN Economic Community integration, as the country is slated to have a prominent role in the region after the AEC is formed. He also suggested that ASEAN member countries develop standardized goods inspection points to allow transportation of the goods to proceed more swiftly. Mr. Akira said Japanese businesses were willing to help develop the skills of Thai workers in fields where shortage of manpower remained.

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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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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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