Corporate
More Japanese automotive companies to use Thailand as manufacturing base

Prime Minister Prayut Chan-o-cha has instructed the Ministry of Industry to be responsible for a plan to promote investment in automotive industry with a focus on the manufacturing of future cars.
The premier met with high-ranking executives of four automotive companies including Toyota, Isuzu, Nissan and Honda at Government House.
The meeting was part of the “Prime Minister Meets CEOs” project aimed at exchanging opinions about their problems and obstacles about doing business in Thailand. The premier clarified the government’s economic, trade and investment policies.
Ministry of Commerce permanent secretary Chutima Bunyapraphasara said all of the executives, whose companies have had a combined 58% of Thailand’s total car export, confirmed to use Thailand as a manufacturing base with a plan to expand their investment in vehicles, especially future cars such as electric, hybrid and environmentally friendly cars.
The promotion of future cars was the government’s policy to support and promote the manufacturing of vehicles to reduce greenhouse gas emissions, said the permanent-secretary.
The premier told the companies’ executives that the government was urgently revising regulations while promoting free and fair trade in support of foreign investment in Thailand. He said the Ministry of Industry had been tasked with developing a long-term plan to make Thailand a regional hub for future car production.
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.
(more…)Corporate
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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