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Thailand Investment Year 2008-2009
The newly installed government is wasting no time in working to strengthen the confidence of foreign and domestic investors in Thailand. A high-level meeting held recently with the Joint Foreign Chambers of Commerce served to underline that this government is aware of previous concerns expressed and a commitment to work with investors to ensure that Thailand remains a premium location for investment, with a stellar reputation.
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JBIC Survey
The Japan Bank for International Cooperation recently released its 19th annual survey on the “Outlook for Japanese Foreign Direct Investment.” This year's survey includes the responses of six-hundred Japanese companies with a combined total of 11,516 foreign affiliates and includes a wide range of questions regarding Japanese FDI sentiment for the short- and medium-term.
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Alternative Energy
Thailand is among the leading countries pursuing alternative sources of energy to reduce its import reliance on foreign oil supplies. A considerable part of this effort has been on expanding the use of natural gas vehicles, which enables Thailand to capitalize on its significant domestic gas supply, but also considerable strides have been made in solar power, the use of biofuels, wind energy and a growing interest in the potential use of nuclear energy to meet future demands. The national commitment to alternative fuel is strong, with an increasing number of cars and buses being powered by some form of alternative fuel, including natural gas and bio-fuels. Not only alleviating the reliance on imported oil, the use of alternative fuels in cars, taxis and buses has helped to reduce pollution in the city by as much as 50%.
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Thai Agro Energy
Several years back a group of Thai businessmen decided that based on global energy trends it would be a good time and opportunity to set up an ethanol manufacturing company in Thailand. At that time, the government had already expressed its desire to wean the nation off of foreign oil dependence. In addition, since Thailand had already long been a major agricultural production center it was a perfect source of raw materials for use in the production of ethanol. It just so happened that around the same time, Lanna Resources Public Co., Ltd.—which had been involved in coal mining for over twenty years—was looking to diversify into non-coal sources of energy as well. Out of that a partnership was born in late 2001, with Lanna Resources investing seventy-five percent into the newly established Thai Agro Energy Co., Ltd.
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Bangkok Solar
As global oil prices continue to rise and an increasing number of the world's citizens have begun to express their concern about climate change, there has been an increased interest in a variety of sources of alternative energy by consumers. Solar energy, for instance, has seen a huge increase in demand on the global market in recent years, with an annual growth rate averaging around 40 to 50 percent at the moment. Furthermore, according to some market forecasts, Asia will continue to grow as a production center for solar panels. In fact, it is anticipated that by 2010 the Asian production capacity for solar panels will more than double that of the United States and Europe.
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Petro Green
Known for its more than fifty years of experience and success in the sugar and sugar cane industry, Mitr Phol Sugar Group is a household name for most people in Thailand. In recent years, however, the group has expanded beyond mere sugar production by developing a more sufficient and sustainable business model that would make full use of all of the waste and by-products created by its sugar mills. Furthermore, by finding new ways to add value to sugar cane, the company reasoned that it would be able to ensure and enhance the livelihood of those people it depends on most; mainly, Thai farmers who plant and supply the cane to the company.
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Thai-Italian Chamber
In 1897, during King Rama V's state visit across Europe he was reportedly quite impressed with the Italian style of architecture. So much, in fact, that Italy's Queen Helen dispatched a team of Italian architects to the country then known as Siam where they worked for the next quarter of a century. During that time, Italian architects played a significant hand in building and improving upon many of the country's modern landmarks. Included on this extensive list of landmarks are the Throne Hall, Hualampong Railway Station, Democracy monument, Victory monument and the country's oldest academic institution, Chulalongkorn University.
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The BOI Investment Review is a monthly publication of the Thailand Board of Investment.
 
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