Corporate
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, said Ms. Gunilla Nordstrom, President and CEO, Electrolux

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, said Ms. Gunilla Nordstrom, President and CEO, Electrolux Major Appliances Asia Pacific, at the first Honorary Investment Advisor General Meeting held by the Board of Investment of Thailand.
“Fundamentally, Thailand’s strong socio-economic fundamentals remain unchanged. Electrolux makes its investment decisions based on careful consideration of many factors and long-term horizons. When you take a long-term view of an investment, you have to look beyond individual events, however disruptive and traumatic, and position yourself for the long run.
It is our long-term view of Thailand’s position in the region which encourages us to look beyond the floods of last year. There is a number of factors that continually make Thailand remain a resilient place,”
said Ms. Nordstrom. She emphasized on the need for coordination and planning, as well as improvements in the water management system, to ensure the people and critical industries are securely protected from any potential natural disasters

It is our long-term view of Thailand’s position in the region which encourages us to look beyond the floods of last year. There is a number of factors that continually make Thailand remain a resilient place
Thailand’s Strengths: Location, Infrastructure and People
As a distinguished guest attending the first Honorary Investment Advisor General Meeting with the government and the Board of Investment of Thailand in Bangkok earlier, Ms. Nordstrom disclosed that the company looked beyond the crisis of last year while foreseeing a long-term opportunity, a consequence of Thailand having great number of investment competitive edges.
“Thailand occupies a geographically central position in the South-East Asian region and is a natural hub for the economies of Indo-China. With the continuing development of the ASEAN Economic Community (AEC) and the increasing ease of conducting trade and commercial activity within the region, Thailand is well-positioned to capitalize on its central location amongst the developing economies of its neighbors.”
Ms. Nordstrom said. “The road and motorway infrastructure is well-established, and the availability of three ports nearby is another key strength. There is also an established supplier base for appliance manufacturing.”
“Thai workforce has this global reputation for being diligent and adaptable to change. They are relatively stable and productive making this another key feature. Additionally, the positive and enduring spirit of Thais is noteworthy as the world saw how the country came together to overcome and emerge from the crisis, stronger and more resilient.
Corporate
Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam
The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.
Business
Thailand remains in pole position for the highest funds raised across Southeast Asia
Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.
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Thailand’s antitrust agency under scrutiny over $11 Billion Tesco Deal Approval
With the Tesco deal approved, CP Group will gain control over a network of about 2,000 hypermarket and grocery stores across Thailand, and the group already operates 7-Eleven convenience stores and the Siam Makro chain.

Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal.
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