Corporate
Toyota Thailand to raise output up to 1Mn
Toyota Motor Co. said it will sharply increase its vehicle production in Thailand, which will become the company’s core global output base, according to a report Friday by Japanese national broadcaster NHK.
Toyota Motor Co. said it will sharply increase its vehicle production in Thailand, which will become the company’s core global output base, according to a report Friday by Japanese national broadcaster NHK.
Toyota President Akio Toyoda said Thursday his company will increase its annual output capacity in Thailand to 1 million units, about 50% more than the current level of 670,000 units per year, NHK said on its website.
Mr. Toyoda made the announcement at a ceremony in Bangkok to commemorate the 50th anniversary of the firm’s Thai unit, the report said.Mr. Toyoda said the experience of overcoming last year’s flooding in Thailand will lead to a strong production system, the report said.Toyota is the largest auto maker in Thailand in terms of sales, with three plants in the country. Toyota also exports the vehicles made there to over 100 countries.
via Toyota to hike Thailand output sharply: report – MarketWatch.
Corporate
The environmental case for remote working
Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.
During the pandemic, the environmental and societal benefits of working at home quickly became apparent. How can businesses protect these benefits in the future?
(more…)
Investment
Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI
The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.
The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.
(more…)
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...