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.
Sony to invest US$80 million in Thai digital camera production unit
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…)
Japan Trade Organization Surveys International Operations of Japanese Firms
Asean +3 finance ministers confirm strong economic recovery
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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