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Japanese Mitsuoka Motors may move auto production base to Thailand

Mitsuoka Motors, a small Japanese automobile company which has had a Thai presence for the past two years, is considering moving its production base to the Kingdom. Although details are currently scarce, the production site is most likely to be the Yontrakit production facility in Lat Krabang district.

Aishwarya Gupta

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Mitsuoka Motors, a small Japanese automobile company which has had a Thai presence for the past two years, is considering moving its production base to the Kingdom. Although details are currently scarce, the production site is most likely to be the Yontrakit production facility in Lat Krabang district.

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Mitsuoka may move auto production base to Thailand

The market’s views on export performance in 2010 of Thailand have improved
The key risk to the global recovery lies in the need to get the timing of withdrawing fiscal and monetary stimulus just right. Withdrawal of fiscal stimulus too early may lead to another negative demand shock and a negative expectations spiral, whereas withdrawing the stimulus too late may lead to high inflation, further weakening of the US dollar, and possible asset price bubbles. In Thailand, for example, more than ten years since the 1997/1998 financial crisis banks still have bad loans in their books and the government still holds a large amount of debt related to the recapitalization of financial institutions. Given the expected length of recovery, it is important not to withdraw stimulus programs too soon, before the recovery is on a firm footing. On the other hand, macroeconomic imbalances are accumulating and eventually fiscal and monetary authorities, especially in the US, must consolidate their fiscal position and withdraw liquidity.

Most of the infrastructure development in Thailand has been responsive to demand rather than forward-looking. Availability and accessibility appear to no longer be a challenge. The next step for Thailand is to put more emphasis on quality of service delivery, management, and sound regulation.

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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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Japan

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. (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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