Pongsvas: Japanese firms to stay

Published: 24/02/2012 at 07:02 PM
Online news:

Almost all the Japanese companies polled recently confirmed that they would stay and place additional investment in Thailand, Industry Minister MR Pongsvas Svasti said on Friday.

The only risk factor that concerned them was the problem of political uncertainty, he said.

MR Pongsvas said Japanese investors' confidence in the Thai economy has been gradually improving. Only two to five per cent of them said they were considering moving their production bases to other countries.

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bluebottle
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Discussion 4 : 24/02/2012 at 09:10 PM4
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The statements seem to defy each other on one hand the Japanese are staying then why dos the PM need to go yo Japan to convince them all is well. According to my information, from the tea ladies, quite a few of the overseas inverters have already pulled the plug.Yes drake spot on you do not show your cards until you have to and that is when the removal van turns up at the door.May be the positive side the government have now got the go ahead to borrow the money to put the flood defences into place.
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peterl
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Discussion 3 : 24/02/2012 at 06:45 PM3
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I think Japanese investors will be more impressed by seeing credible flood prevention plans being implemented on the ground than promises to that effect.
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drake
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Discussion 2 : 24/02/2012 at 04:01 PM2
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They will be staying right up to the day they shut down the operation and leave for cheaper destination.
Like Hoya Glass.
And the Union, who pretty much tried to squeeze Hoya in to submission, is still demanding that they come back, reopen the factory, and be squeezed some more....
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jlm

Discussion 1 : 24/02/2012 at 03:19 PM1
I personally doubt the Japanese are that reckless. Business sense would be to move all factories to China where the government knows to handle both political problems and disasters, natural or manmade...
from iPhone application.
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Pongsvas: Japanese firms to stay | Bangkok Post: breakingnews