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General Motors Thailand wins local banks’ loans to finance expansion

General Motors’ Thai unit has snatched a syndicated loan worth Bt13.5 billion from Bangkok Bank, Siam Commercial Bank and Tisco Bank to finance the local expansion.

Daniel Lorenzzo

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GM

General Motors’ Thai unit has snatched a syndicated loan worth Bt13.5 billion from Bangkok Bank, Siam Commercial Bank and Tisco Bank to finance the local expansion.

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GM Thailand wins local banks’ loans

Thailand performs well compared to other countries in the region on many aspects of government regulations and regulatory procedures that facilitate business. According to the latest annual World Bank’s Doing Business report, in 2008 Thailand ranks 13th among over 180 countries and 4th in East Asia in the ease of doing business. The ease of doing business is measured by quantitative indicators of regulatory requirements and procedures in ten areas in the life cycle of typical small and medium enterprises (SMEs) in the largest city in a country.

They include, for example, the number days, steps, and cost needed to obtain business licenses, registering property, clear customs, pay taxes, and close a business. It only takes 2 steps and 2 days to register property in Thailand, on of the fastest in the world. Progress over the recent years has been particularly on the improvements in the customs process after the introduction of the internet-based customs clearance system, which has reduced the number of required documents and time taken to clear customs for exports.

GM

General Motors' Thai unit has snatched a syndicated loan worth Bt13.5 billion

Infrastructure services, if quickly improved, could promote a better investment climate in Thailand

A clear policy framework is needed, and the development direction set forth by the policy makers should be based on reliable information on the current status of infrastructure development. Systematic, periodic, and internationally-standard information collection within the infrastructure sector will provide Thai policy makers with good background with which to assess the current situation, identify bottlenecks, set clear policy direction, and prioritize projects more effectively .

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Corporate

How will recruitment change following COVID‑19?

Remote working, distributed workforces and a greater demand for flexibility are all factors affecting how businesses and candidates think about work opportunities

Daniel Lorenzzo

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At the start of the 2020 pandemic, recruitment wasn’t high on the list of priorities for many businesses. In fact, it was just the opposite – across the globe there were hiring freezes and the large-scale furloughing of staff.

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Corporate

Covid-19 puts flexible space markets under strain

In the wake of operator defaults, landlords will be forced to re-evaluate the role of flexible space in their portfolios.

Daniel Lorenzzo

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The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.

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Business

Thailand’s automotive sector expected to produce 1.4m cars this year

This increase in output is a result of the recovery of domestic and export markets, with the annual output for 2021 expected to be around 1.4 million.

National News Bureau of Thailand

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Thailand Automotive Institute (TAI) anticipates the overall output from Thailand’s automotive sector this year to be around 1.4 million cars. They are, however, still cautious over automobile exports until at least March this year, due to the resurgence of COVID-19 cases around the world.

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