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| 4th Quarter Newsletter 2017 |
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Thailand |
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| Hong Kong |
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| Hong Kong once again named world’s freest economy |
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| The Fraser Institute’s Economic Freedom of the World:2017 Annual Report which compares 159 countries and territories... |
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| Read More |
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| Hong Kong Salary Overview |
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| China |
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| China’s workplace Outlook |
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| According to one of the major HR consultancies, China’s economic outlook seems promising for the upcoming... |
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| China Salary Overview |
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| Singapore |
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| Employment outlook remains flat in 2017 |
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| The outlook for Singapore is expected to remain relatively unchanged from last year... |
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| Read More |
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| Singapore Salary Overview |
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| Thailand |
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| Thailand’s auto parts suppliers step up from regional to global suppliers |
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| Thailand is now one of the world’s key auto part makers this is all due to the fact that over the past five years Thai exports of auto... |
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| Read More |
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| Thailand Salary Overview |
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Thailand’s auto parts suppliers step up from regional to global suppliers |
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Thailand is now one of the world’s key auto part makers this is all due to the fact that over the past five years Thai exports of auto parts have shown a strong growth of 4%, higher than the 3% growth in global car demand during the same period, reports Thailand Business News.com.
Regionally the growth has been increasing year on year compared to its neighbouring countries. The country has been marked as ripe for foreign investment for many years now.
Car production in these neighbouring countries is growing faster than global rates and there are fewer than 50 part makers per each car maker. In Thailand, the ratio is around 95. Such countries are likely to import parts from other producing countries like Thailand, Japan, and Germany.
In addition, automotive companies regard Thailand as one of the world’s key auto part makers and established centres to source and distribute auto parts to all areas of the world.
Accounting for 40% of auto part exports, power-train exports surged 15% in 2016 compared to the previous year. Exports of electronics and body parts grew 6%, while suspension parts rose 4%.
Toyota set up its own centre in 2007, while Mazda and BMW followed in 2015 and 2016, respectively. In addition, investment in research and development by automotive companies contributed to the continuous advancement of Thai automotive industry.
Thailand is equipped with an extensive supply chain of over 2,000 car and part producers. Growth in Thailand’s automotive industry certainly enabled the country to become the world’s 15th largest exporter of auto parts and the largest ASEAN exporter for 10 years.
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EIC sees the growth of the automotive industry in Thailand’s trading partner countries as an opportunity for the Thai auto parts industry, especially for new producers such as Mexico, India, Indonesia, South Africa, and the Philippines. Despite their lower growth, Thailand’s main trading partners like Japan, the U.S. and Malaysia account for over 30% of total exports. Thailand’s auto parts industry will definitely benefit from growth in the automotive industries in these countries. During 2012-2016, Thai auto parts exports grew in line with 4% growth in global car demand. Exports to new auto producing countries performed particularly well, such as Indonesia, Mexico, India, South Africa, the Philippines, and Vietnam. In 2016, power-train parts registered the highest growth ever of 15% compared to the previous year, followed by 6% growth in electronics and body parts. EIC suggests Thai part producers consider investment in countries where automotive production is growing but the ratio of parts producers to auto makers is still small. This will capture business opportunities in emerging markets like Mexico, India, Indonesia, the Philippines, and South Africa. Moreover, businesses can further develop their products to be more competitive in existing markets to expand to new auto producers.
Source:
https://www.thailand-business-news.com
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Thailand continues to lag behind in English language proficiency in Asia study |
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The internation language school, Education First report identifies global and regional English-language learning trends and analyses the relationship between countries’ English proficiency and their economic competitiveness.
In Asian countries, Singapore ranked 1st with a score of 63.52, followed by Malaysia (60.70), and Philippines (60.33), India (57.30) and South Korea(54.87).
In Asia, only Mongolia and Cambodia have a lower score than Thailand. Two countries (Singapore and Malaysia) are leading the pack in South East Asia, followed by Vietnam and Indonesia at the seventh (54.06) and eighth place (52.94).
The Thai government has stated the Labour force needs further improvement to help further integration into AEC. It has been suggested that the quality of Thai skilled labour in all fields should be further enhanced by language skills.
Source:
http://www.ef.com.hk
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Top 5 Candidates in Thailand |
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| Accounting Manager |
| Nationality: Thai |
Languages: Native Thai, Basic English (TOITEC 600) |
| Based: Thailand Eastern Seaboard |
Availability: Immediately available |
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Skills:
Master Bachelor Degree in Accounting. With over twenty years’ experience in Accounting, Auditing and Financial statements within the public and private sectors. Responsible for a large office team of various positions.
Major achievement in the last position was: Recruitment of a complete team for a new start-up venture of a foreign company. The candidate’s expectation to the next role will be in a similar position within the finance and accounting sector.
For more details regarding these candidates, please contact info@geminis.co.th
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Copyright © 2017 Gemini Personnel Limited. All Rights Reserved.
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