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Thailand: Business approvals for foreign entities

The Department of Business Development approved 22 foreign entities, with a total investment of Bt735 million, to start doing businesses in Thailand in January.  The department’s director-general, Kulanee Issadisai, said most of the investors are Japanese, German and Chinese, and their businesses will create 400 jobs.  Out of the total, four will be providing services […]

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Exim Thailand looks to lead CLMV push

Export-Import Bank of Thailand (Exim Thailand) aims for 9% lending growth this year, with a focus on small and medium-sized enterprises (SMEs) and outbound investment in Cambodia, Laos, Myanmar and Vietnam (CLMV). Should the target hold true, the bank’s outstanding loans will reach 100 billion baht this year, said president Pisit Serewiwattana. The bank’s total […]

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Thailand: SCG arm bullish on 2018 logistics outlook

SCG Cement-Building Materials, the construction products subsidiary of SCG Group, expects its revenue to increase by 10% year-on-year to 17 billion baht in 2018, driven by demand growth in e-commerce, government investment projects and strong economic performance by Asean countries, said vice-president Nithi Patarachoke. Nithi: State projects will help revenue SCG Logistics, a subsidiary of […]

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Thailand – Panel: Economy firing on all cylinders

The Thai economy is proceeding at full throttle this year, propelled by four active engines: state investment, private investment, exports and household consumption, says Deputy Prime Minister Somkid Jatusripitak. Speaking at Wednesday’s “Thailand Takeoff 2018” seminar presented by Post Today, Mr Somkid said the government’s economic reform policies are on the right track, as indicated by […]

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Cambodia: Thai firm to help bolster agarwood quality

A Cambodian company is teaming up with a Thai investment partner to spend $100 million improving the quality of Cambodia’s agarwood trees, according to a memorandum of understanding signed by the two companies yesterday. Thoub Chankrassna Khmer Co (TCK), which owns agarwood plantations and an incense factory in Preah Sihanouk province, has partnered with Thai-based […]

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