ID :
169954
Tue, 03/22/2011 - 12:00
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Shortlink :
http://m.oananews.org//node/169954
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Japan's disaster to slightly impact Thai industries
BANGKOK, March 22 (TNA) - The Federation of Thai Industries believes that problems in Japan will have slight impacts on Thai industries.
Payungsak Chartsuthipol, chairman of the Federation of Thai Industries (FTI), said that he has talked with industrialists specialising in the automotive, electric and food industries and found they believed that the earthquake in Japan would not have any significant impacts on their businesses. They will, he added, continue to monitor relevant developments over the next few weeks.
The FTI Chairman said the situation in Japan may temporarily delay its own imports, automotive and food production plants may cut their work hours for a certain period, but that once the situation in Japan has returned to normal, demands will be back. While new cars may be delivered slightly late to Thai buyers because they must wait for parts from Japan, orders for cars have not dropped.
Payungsak said that the FTI predicts that the Thai economy and amount of Thai exports will have recovered by the second and third quarters and that it is monitoring the situations in Japan and Libya as they may affect Thai exports.
In another development, the federation, together with the Office of Small and Medium Enterprises Promotion, are educating businessmen and industrialists to prepare them for the establishment of the ASEAN Economic Community in 2015. (TNA)
Payungsak Chartsuthipol, chairman of the Federation of Thai Industries (FTI), said that he has talked with industrialists specialising in the automotive, electric and food industries and found they believed that the earthquake in Japan would not have any significant impacts on their businesses. They will, he added, continue to monitor relevant developments over the next few weeks.
The FTI Chairman said the situation in Japan may temporarily delay its own imports, automotive and food production plants may cut their work hours for a certain period, but that once the situation in Japan has returned to normal, demands will be back. While new cars may be delivered slightly late to Thai buyers because they must wait for parts from Japan, orders for cars have not dropped.
Payungsak said that the FTI predicts that the Thai economy and amount of Thai exports will have recovered by the second and third quarters and that it is monitoring the situations in Japan and Libya as they may affect Thai exports.
In another development, the federation, together with the Office of Small and Medium Enterprises Promotion, are educating businessmen and industrialists to prepare them for the establishment of the ASEAN Economic Community in 2015. (TNA)
