January 26th, 2017 TEBA meets with the Minister of Transport, Mr. Mr. Arkhom Termpittayapaisith who spoked to TEBA about the overview of the Ministry of Transport for the year 2017 and actively promoted their new goals while also enthusing TEBA members with their new initaitives.
On the 10th of January, TEBA and its distinguished members were one of the first invited by the Customs Department of Thailand to help them introduce their new “Customs Alliances” initiative to the world.
On June 13th, 2016 , TEBA met with TISI to discuss technicalities & how TISI can support Thai-European platform in the future.
The expansion of foreign investment in the aviation industry would also encourage the transfer of technology and expertise from abroad, said Hugh Vanijprabha, chairman of the TEBA’s Aerospace Committee and the new managing director of Rolls-Royce (Thailand).
Thailand’s Consumer confidence index in June increased to the highest level in eight months at 75.1, according to the Centre for Economics and Business Forecasting of the Thai Chamber of Commerce. The centre director Thanawat Pholvichai said the 75.1 index recorded in June was the highest since November 2013.
The Thai-European Business Association has suggested that the government empower the Board of Investment and its offices abroad by providing more resources in order to promote and increase the communication channels between foreign investors, Thai officials and the Thai private sector. It is hoped the move would encourage more Western investments in the country. The Thai-European Business Association has suggested that the government empower the Board of Investment and its offices abroad by providing more resources in order to promote and increase the communication channels between foreign investors, Thai officials and the Thai private sector. It is hoped the move would encourage more Western investments in the country.
The Board of Investment (BoI) has approved investment applications worth nearly 90 billion baht, mainly for companies making environmentally friendly cars or involved in renewable energy. Secretary-general Udom Wongviwatchai said the BoI approved investment applications worth 89.7 billion baht at Friday’s meeting chaired by Prime Minister Prayut Chan-o-cha.
Japan has long been one of the largest investors in Thailand, especially in the Thai automotive industry, where Japanese automakers have created a significant automotive cluster and comprehensive supply chain. However, major European automakers, especially Volkswagen, have announced to set up facilities in Thailand and take advantage of the opportunities available in the growing Thai and Southeast Asian automotive sector.
With an end in sight to the economic crisis in Europe, it is an apt time for Thai businesses to change crisis into opportunity, seeing Europe as a market not only for trading but also investment, and to ensure sustainable growth with a free-trade agreement, a seminar heard yesterday.