To expand its investment facilitating network in Northern Europe, Thailand Board of Investment (BOI) opened its latest office in Stockholm, Sweden, with a mission to promote Thailand as a potential investment destination and a gateway to emerging Asian markets.
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Japan’s Mitsubishi Motors will hire another 1,300 workers in Thailand as the car market slowly recovers after being battered by the global recession. Japan’s sixth-largest automaker, plans to increase production at a plant in Thailand this month to meet growing demand for its vehicles in Asia. The carmaker will add a shift at the plant, which makes cars including Pajero Sport SUVs and Triton pickup trucks, it said in a faxed statement today. It will add 1,300 workers at the factory, it said.
For the past several years the euro has been appreciating steadily against the US dollar. Given the Chinese yuan and other East Asian currencies are pegged to the dollar, that means the euro has been appreciating steadily against all.
Using a comprehensive survey of 1,043 firms taken during April-November 2007, the new report, Thailand Investment Climate Assessment Update 2008, showed that more than two-thirds of the firms rated the uncertain economic and political environment as major or severe obstacles to doing business in Thailand that year.
About 75 per cent of the Bt2,000 “Help the country” cheques was spent immediately, with lowerincome recipients tending to save less than higherincome earners, according to an opinion poll released yesterday.
Economist lauds US and China for proactive measures but says Thailand must address its own problems