A Return to Growth

Thailand’s economic prospects continued to get brighter as the frst quarter of 2010 came to a close and the data revealed healthy growth in production and improved consumer confidence. In a statement released by the Ministry of Finance, the forecast for economic growth during the current year was revised upwards to 4.5%, or within a range of 4% to 5%, from an earlier 3.5% forecast.

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Thai ICT Industry

While still relatively young, Thailand’s information and communications technology industry is growing with great promise. Businesses, government agencies and households are going digital, and more Thai consumers have become tech-savvy, with the latest ICT gadgets fying off the shelves of local stores.

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Hutchinson Technology (Thailand) Co., Ltd.

Offering the perfect investment location, Minnesota- based Hutchinson Technology Inc. is breaking ground in Ayutthaya province, central Thailand, on its frst-ever production facility outside the United States. Start up at the 13,000sqm factory in the Rojana Industrial Park is anticipated by year’s end.

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SUBCON Thailand 2010

The strong recovery in Thailand’s economy and the better than expected economic forecast will provide smooth sailing for the country’s SubCon 2010 industrial subcontracting event, to be held from 13 to 15 May at the Bangkok International Trade and Exhibition Center (BITEC). This year’s event looks to feature about 250 industrial subcontractors, providing buyers a fantastic opportunity to view at one location a wide range of manufactured parts and components, at international standards.

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Powerwave Technologies (Thailand) Ltd.

Wireless communication in Asia is growing rapidly, from cellular to 3G and beyond. In coming years, the region is expected to account for as much as 40% of global sales for certain categories of wireless products and services, including smart phones and mobile backhaul equipment. U.S.-based Powerwave Technology is among the wireless industry’s leaders, and when the company looks eastward it sees opportunity. A manufacturer of remote radio heads and power amplifers, the company expanded its footprint in Asia last year by setting up a factory in Thailand to get closer to key markets and beneft from the country’s other investment incentives.

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