In the closing days of September 2012 Prime Minister Yingluck Shinawatra travelled to New York to speak to the global community at the 67th General Session of the United Nations General Assembly, and to meet with members of the private sector to speak with them directly about the contemporary investment climate in Thailand.
Thailand is strengthening its role as a leading global hub of plastics manufacture, with makers placing greater emphasis on value-added and environment-friendly products, all underpinned by sturdy government policies. Whether employed for design beauty or structural integrity, plastics are crucial to most sectors in the country. Active in everything from smartcards to furniture, the Thai plastics industry is growing consistently, and demand in the vigorous domestic economy is the key driver.
CG Watch 2012 Market Rankings of 11 Asian markets has been released, which is a joint publication of the Asian Corporate Governance Association (ACGA) and CLSA Asia- Pacific Markets.
The World Bank East Asia and Pacific Data Monitor reports that the economy the in the region continues to slow down, with regional GDP growth forecast to be 7.2 percent compared with the 7.6 percent projection of last May. It is projected to recover to 7.6 percent in 2013.
The Thailand Board of Investment (BOI) welcomes Mr. Udom Wongviwatchai as the new secretary general, after the promotion of former BOI Secretary General Dr. Atchaka Sibunruang to her new position as deputy permanent secretary at the Ministry of Industry.
Grant Thornton’s latest International Business Report 2012, a quarterly survey of business leaders, recently devoted itself to the issue of women in senior management positions. The data in the survey was compiled from 6,000 interviews conducted between November 2011 and February 2012.
Enterprises continue to regard Thailand as an excellent business location. Offering a skilled but affordable workforce, advanced industrial estates, lively economy and supportive government policies, the country is seeing investment projects grow vigorously.
Piper Plastics (Thailand) Co., Ltd. conducts high-tolerance machining and assembly of plastic components, with a strong emphasis on quality and customer satisfaction. The company caters to the medical devices, semiconductors, aerospace, food and energy industries. Supplying top brands such as Applied Materials, Medtronic, Roche Medical, Flextronics, Benchmark and Lockheed Martin, its products go into everything from computers to jet engines to off-shore oil drilling rigs.
As competition among developing countries for foreign direct investment becomes increasingly intense, it becomes more and more important for Thailand’s foreign investment regulations to be competitive with those of other countries in the region.
