The recent unforgiving quake and tsunami in Japan will not affect Japanese investment in Thailand worth totally 700 billion baht during the past five years, according to the Japan Extent Trade Organization (JETRO).
After discussing with JETRO representatives, Federation of Thai Industries (FTI) Chairperson Payungsak Chartsutipol said JETRO confirmed that Japanese investment in Thailand would not get affected as most of it is a long-term plan. He believed Japan would continue to be a giant investor in the Thai market.
The chairperson added that JETRO expressed confidence that the strong spirit of Japanese people would enable them to go through this crisis.
The powerful tsunami devastated the northern part of Japan after an 8.9-magnitude quake rocked the country on 11 March 2011. At least 1,000 people are presumed dead.
Mr Payungsak added that Thai business people should discuss and show their willingness to assist Japanese people in some ways such as collecting donations although Japan had not requested anything from the Thai side so far.
Asian cities most threatened by environmental risk
According to the first instalment of Cities@Risk series, which ranks the world’s 576 largest urban centres on their exposure to a range of environmental and climate-related threats, 99 of the world’s 100 riskiest cities are in Asia, including 37 in China and 43 in India.
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…)
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