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NEW WORLD ORDER US Automakers Tap Thai Banks

Category: Tourism, Posted:19 Mar 2010 | 06:00 am

A lesson learned from the recent GFC (global financial crises) was that clearly Asia led the world's recovery. And for many this is best illustrated in the statement “Asia is not emerging, Asia has arrived.”
You need to look no further to US automobile markers Ford and General Motors who are increasing production capacities with an eye to export not only in the region but the Middle East, Australia, and Africa.
Ford is moving toward construction of a THB 19.8 billion baht plant here and is local financing in place. While General Motors has taken a think global but act locally plan and are working with such premium financial partners as Siam Commercial Bank and Bangkok Bank.
As debt and equity continue to hover on the sidelines in the US and Europe, the possibility of more global organizations increasing their Asian focus in order to 'tap into the money source' appears to be a growing reality.

Other News

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Direct Hanoi Phuket Flights Commence

Category: Tourism, Posted:20 May 2023 | 12:11 pm Vietjet has kicked off direct flights between Hanoi and Phuket. The airline also operates daily service between the Thai resort island and Ho Chi Minh City. While short-haul regional Phuket is gaining pace, with China gaining traction, long-haul traffic to Thailand remains slower compared to 2019, according to OAG. Thai Airways International’s absence from the […]
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Phuket Hotels Association Online Travel Auction Now Open

Category: Hotels, Posted:14 May 2023 | 09:56 am The annual non-profit Phuket Hotels Association Absolutely Fabulous Online Travel Sale is now up and running. CLICK With nearly 200 hotel travel and dining deals across Thailand, Asia the globe, all proceeds go to the education scholarship fund of PHA. Over 45 Thai hospitality students are now supported by the fund and these are the […]
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C9 Hotelworks and Horwath HTL Release New Bali Hotel and Branded Residences Report

Category: Hotels|Real estate, Posted:28 Apr 2023 | 16:33 pm The resort island of Bali continues to be one of the world’s most desired holiday destinations. Over the past three decades, its resort real estate market has continued to evolve and change. Though, for branded residences, both in the lead-up and period after the global pandemic it has lagged behind other key Southeast Asian leisure […]
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