Search Results for: Thai

THE BANK of Thailand is pushing for Thailand to better educate its workforce to cope with digital development, with a lack of research and development (R&D) investment being blamed economic stagnation within this southeast Asian country. The call comes as Thailand’s GDP per capita was just USD5,814.77 (World Bank figures for 2015) when China’s was USD8,027.68.…

TALKS that could see Charoen Pokphand Foods (overseas) LLC the Russian arm of Thai food conglomerate CP Foods, acquire the Ostankino Meat Processing Plant (OMPP), one of Russia’s largest meat processing facilities, may be concluded next month.

Russian newspaper reports have suggested that the potential deal could cost CP USD150 to USD200 million, although the companies have not confirmed this.…

A JUDGE yesterday (January 17) approved Britain’s largest ever commercial crime enforcement action – a GBP497.25 million (USD616 million) plus interest and GBP13 million costs (USD16.1 million) deferred prosecution agreement with the UK’s Serious Fraud Office (SFO). Sir Brian Leveson, President of the Queen’s Bench division, agreed the penalty for Rolls-Royce, covering covers 12 counts of conspiracy to corrupt, false accounting and failure to prevent bribery.…

2016 – Winners and losers

RETAILERS & BRANDS

WINNERS

US-based sportswear brand Under Armour delivered its 26th consecutive quarter of 20%-plus revenue growth in the third quarter of 2016, with sales increases across all divisions. Net sales were up 22% in the third quarter to USD1.47bn.…

Vietnam’ clothing and textile industry has been assessing the impact of losing an anticipated huge garment export boost under the Trans-Pacific Partnership (TPP) now that US president-elect Donald Trump has promised to sign an executive order pulling out of the 12-nation trade deal.…

EXECUTIVES at a Vietnam knitwear company have told WTiN.com that while it has expanded production because of increased exports, if costs continue to rise in this south-east Asian country – the company is prepared to move production overseas.

Over the last roughly 30 years, Thai Son S.P.…

THE SHORTAGE of skilled labour is the “second most pressing issue next to political instability” that is hindering growth in Thailand manufacturing firms, a Bangkok-based World Bank expert has told People Management.

Indeed, the south-east Asian country’s skilled labour shortage has been getting worse: for example, the number of weeks it takes to fill a vacancy for a skilled worker in Thailand has increased from about five weeks on average in 2007 to about eight weeks in 2015, said the World Bank’s east Asia and Pacific programme leader for poverty and human development Lars Sondergaard.…

THE ASIA-PACIFIC region has been regarded as the workshop of the world for most of the 21^st century, and this is especially true for the technical textile sector, where output has continued to grow, partly fuelled by growing regional demand.…

A slowdown in liberalising Myanmar’s construction industry so far this year has not soured the positive outlook of paints and coatings companies on this emerging market’s potential, according to industry experts.

Few new construction projects have come online in 2016, as the market works to digest the surplus of units begun during a boom following the 2011 transition to civilian rule, which was finally completed in March (2016).…

THAILAND’S strong upstream and mid-stream textile sectors can gain significantly by investing in Vietnam, setting up plants in the country ahead of the key Trans-Pacific Partnership (TPP) trade deal coming into force, Thailand textile industry experts have said. 

Thailand’s “textile bleaching, dyeing, printing and finishing sectors can benefit by investing in Vietnam,” a spokesperson from industry organisation the Thailand Textile Institute’s textile policy research and information service department said.…