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Thai Finance minister assures Japanese business of GDP growth

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Finance Minister Korn Chatikavanij on Friday said he had assured the Japanese business community that Thailand’s gross domestic product GDP would continue to grow this year despite the recent political turmoil.

“Should the country be able to maintain the stability of the past 24 hours going forward from here, we should be able to recover fairly”

he said referring to a statement made at a seminar in which he participated on Friday in Tokyo.He allowed that the tourism sector, which accounts for 6 per cent of GDP, runs a risk of experiencing extensive damages in the rest of this year since various incidents arising from the political rally that shut down central Bangkok for many weeks had dealt a “disastrous” blow to the tourism industry.However, he forecast the Thai economy would enjoy a two-digit economic growth in the first quarter of this year. But the growth projection would be revised during April-June.

via Finance minister assures Japanese business community of GDP growth.

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Corporate

Sony to invest US$80 million in Thai digital camera production unit

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Thailand’s Board of Investment (BOI) secretary-general Atchaka Sribunruang on Thursday said BOI’s project approval subcommittee recently granted investment promotion privileges to a project of Sony Technology (Thailand) to expand its investment of some Bt2.6 billion (US$80 million) in the production of digital cameras, lens and camera accessories. (more…)

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Business

Japan Trade Organization Surveys International Operations of Japanese Firms

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The Japan External Trade Organization JETRO today released the results of its latest annual survey on the international operations of Japanese firms. The survey, conducted between November and December 2009, received replies from 935 firms, or 30.1% of 3,110 companies sent questionnaires. (more…)

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Asean

Asean +3 finance ministers confirm strong economic recovery

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East Asian finance ministers confirmed Sunday that a strong economic recovery is under way in the region following the global financial crisis, while also agreeing to create an intergovernmental supervisory body to sustain the recovery amid various downside risks. (more…)

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