Thai Industry News

Thai Stanley Electric, a leading Thai manufacturer of lights for the automotive industry with a Japanese parent company, believes the quake and tsunami disaster in Japan will not affect its operations in Thailand. The company imports only one raw material from Japan, said Apichart Leeissaranukul, executive vice president of Thai Stanley Electric, adding that stocks of the item would last until the end of the month.

Thai Union Group joined The Royal Thai Government's disaster relief campaign to help the victims of the devastating earthquake and tsunami in Japan by presenting 200,000 cans of tuna products to Thai Prime Minister Abhisit Vejjajiva during a ceremony.

Luxury property developer Raimon Land has announced the forthcoming opening of Vue, a boutique fusion mall adjacent to The River, its prestigious development along the Chao Phraya. Located by The River's main road entrance on Charoen Nakorn Road, Vue will be completed by the end of the year, before The River's owners and tenants move in to their units during the course of 2012.

Synnex (Thailand) Plc (SYNEX) distributes computers, peripherals, software, IT systems and computer consumables of more than 50 global brands to a nationwide customer base of 5,000 retailers and wholesalers, locally branded computer manufacturers, department stores, superstores and stationery shops.President and CEO Supant Mongkolsuthree discusses the company's strategy and outlook.

Thailand's exports jumped 31 per cent in February on year to US$18.86 billion, the highest monthly amount in history, according to the Commerce Ministry.

Thailand’s Asian Property Development (AP) is eyeing revenue growth of 25 per cent to THB17 billion (US$559 million) this year, with plans to launch 20 new projects focusing on both condominiums and low-rise developments.

Honda and Mazda launched two bread-and-butter models in Thailand yesterday, and are expecting to increase market share with them.

Property firms have enjoyed a high rate of presales in the first quarter of this year despite the Bank of Thailand's measure limiting loans to 90% of the value of condominium units, which came into force on January 1. A survey by The Nation early this week found that the top 10 listed property developers recorded presales worth nearly Bt40 billion between January 1 and the middle of this month.

Travellers could soon be able surf in Bali, shop in Singapore and eat spicy street food in Thailand before crossing into Cambodia and cruising the Mekong in Vietnam - all on a single tourist visa.

Nissan's move follows that of Mitsubishi Motor Corporation, which introduced its i-MiEV electric vehicle after completing fleet testing in Thailand under an agreement it struck with the government late last year.