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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.

Aishwarya Gupta

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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.

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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.

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.

Pr News and BOI

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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.

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Corporate

The 3 key barriers to remote working (and how to overcome them)

COVID-19 created the world’s largest remote working experiment and, for many, showed just how possible it was for employees to do their jobs without being at the office.

Daniel Lorenzzo

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Following the real-world experiment with remote working, it’s time for business leaders to re-examine their previous misgivings, and explore how to adopt flexible working in the long term

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Corporate

Digital transformation: what will be the long‑term effect of Covid‑19?

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The outbreak of Covid-19 forced the rapid adoption of remote working practices and an acknowledgment of the importance of digital transformation. Following the pandemic, what will the lasting impact be?

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