The United Nations Conference on Trade and Development (UNCTAD) has released its World Investment Report 2012, noting that last year global foreign direct investment (FDI) exceeded the pre-crisis average, reaching $1.5 trillion. Interestingly, the Report also informs that in 2010, FDI flows to developing countries exceeded those to developed countries for the first time.
Thailand is poised to become a full-service aviation hub and a major player in the region’s multi-billion dollar aircraft maintenance industry. With its geographic location and strong supporting industries, the potential for growth in this industry is very high. The Boeing Company forecasts a market for the Asia-Pacific region of about 8,960 new airplanes worth US$1,130 billion for the 2009 to 2028 period.
Water management plays a vital role in economic and social prosperity. Emphasizing this fact, experts in resources utilization, the environment and product solutions gathered at the Thai Water 2012 exhibition and seminar to discuss concerns and developments.
Prime Minister Yingluck Shinawatra addressed a recent seminar held to consider the national agenda under the new era for the Thai economy within the ASEAN Economic Community, which will form in 2015. At that event she remarked that now is the time to discuss in detail Thailand’s trade and services in preparing industry to cope with coming AEC 2015; the discussion needs to focus on what affect will the AEC have on Thai business operators and other SMEs and how both private and public sectors will work together to help and support each other.
The Thailand Investment review recently had the opportunity to pose a series of questions to Primus International about its facility in Rayong and its experiences in doing business in Thailand. Primus is a premier supplier of structural components, kits, and assemblies to the global aerospace industry. The company is also an industry leader in swaged tubular products and wire rope mechanical cables, as well as in high technology composites including acoustically treated engine liners, aircraft structures and medical applications.
Thailand’s rock-solid business environment continues to attract investors. Eager to benefit from the country’s efficient infrastructure and vibrant economy, entrepreneurs are gearing up new investment projects at a brisk pace.
The BOI Unit for Industrial Linkage Development once again held a very successful Subcontracting event, SubCon 2012, at the Bangkok international Trade and Exhibition Center (BITEC). This year’s event attracted 21,868 visitors from around the world, sourcing parts and components in Thailand. While the number of visitors per day dropped to 7,200 the value of business increased this year.
Speculation has already commenced concerning what legal changes will need to occur in Thailand leading up to the establishment of the ASEAN Economic Community (AEC) set to occur by 2015.