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Posts Tagged ‘Thailand Economic’

Thailand’s Hard Drive Industry Back on Track

Friday, April 8th, 2011


Companies are starting to gear up for future production.

This is a good sign that the economic downturn has bottomed out and the end may be near in sight.

Toshiba – a large Japanese company, most important businesses are in Electronic devices and components, consumer products and infrastructure, the company’s semiconductors are among the top 20 semiconductor sales leaders worldwide, the world’s fifth largest personal computer manufacturer after Hewlett-Packard and Dell of the US, Acer of Taiwan and Lenovo of China and US (See Wikipedia)
Fujitsu – a Japanese company specializing in semiconductors, air conditioners, computers (supercomputers, personal computers, servers), and telecommunications, internationally its main competitor is IBM, historical rival in Japan is NEC (See Wikipedia)
back on track – when you start to go in right direction again, after a period of going in the wrong direction
acquisition – the buying of another company by a company
gear up – preparing to do an activity (getting the machines ready to do it)
a good sign – an event that shows that good things will happen in the future
bottomed out – reached the bottom already, now will start to increase and grow again
the end is near in sight – you can see the end in the near future

.Reference resource: Click Here.

Business and Market Overview of Thailand

Thursday, December 27th, 2007

Thailand has a pro-business market economy driven by strong foreign investments and export oriented manufacturing especially in electronics, foods and automobiles. Thailand’s exports account for 60% of the country’s GDP. Thailand experienced strong economic growth prior to the Asian economic crisis of 1997 with GDP growth averaging 9.4% annually. However, the crisis adversely affected businesses in Thailand and saw the value of the Thai Baht decline by more than 50% against the US dollar. Since the crisis, the economy has grown on a growth path. Thailand’s GDP was US$163.5 billion with a GDP per capita of US$2,537 in 2004. Thailand’s GDP grew by an average of 4.6% annually from 2000 to 2004 driven mainly by exports of high technology products mainly electronics. Inflation remained below 2.0% from 2000 to 2003 but increased to 2.8% by 2004. However, unemployment showed a declining trend from 3.6% in 2000 to 1.8% by 2004. Nearly 60% of Thailand’s workforce is involved in the agriculture industry but contributed to only 9.8% of the country’s GDP in 2004. The services industry contributed towards 46.1% of Thailand’s GDP and manufacturing 44.1% during the period. Major industries include tourism, electronics, textiles and garments, processed foods, beverages, agriculture produce, jewellery, furniture, plastics, vehicles and vehicle parts and mining of tungsten and tin. Major agriculture products include rice, tapioca, rubber, corn, sugarcane, coconuts, soybean and milk.