Industry ministry warns of one-sided info on factory closures

By THE NATION

 

Krichanont Iyapunya

 

In response to recent news of factory closures and consequent terminations of employment, the Ministry of Industry’s deputy spokesman, Krichanont Iyapunya today made the point that the Ministry had received more requests for new factories than notifications of closures, saying that between January 1 to November 12 of 2019, there were 1,391 requests to close factories and 2,889 requests to open new ones.

 

“This information shows that the situation is not as gloomy as reported. A total of 84,033 jobs were created by new businesses and an additional 84,704 jobs to support expansion of existing factories while unemployment due to factory closure stood at 35,533 persons.”

 

He added that new investment in the factory business was Bt431.2 million, an increase of 36.6 per cent over last year.

 

“Thais should not be alarmed by this one-sided information” he stressed. “It is entirely wrong to say that the factory sector is shrinking.”

 

Source: https://www.nationthailand.com/news/30378329

 

-- © Copyright The Nation Thailand 2019-11-14

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11 minutes ago, webfact said:

there were 1,391 requests to close factories and 2,889 requests to open new ones.

Lies; damn lies and statistics.  And Mazda announced a ban on overtime this morning.

This guy sounds like TAT

Lies!!! 
people have eye and brain!!!

no need to statistics!!! We seeing every day and anywhere poor and quiet business ....

every car dealership 0% interest and lowest sale 

THAI was okay too despite the constant losses.  

1 hour ago, webfact said:

Ministry had received more requests for new factories than notifications of closures,

Does a request actually mean a factory that actually commence production and employment?  In Thailand, it is always wait and see.  Take nothing at face value, especially from the government.   

probably made all the requests himself or got his staff to do it, cant believe anything these idiots say to save face

Krichanont you sound like a right plonker.... So there were 2889 requests to open new factories, but how many actual factories opened?

Answer probably just a handful.

As a face saving exercise it was a pathetic attempt.

4 hours ago, mikebell said:

Lies; damn lies and statistics.  And Mazda announced a ban on overtime this morning.

Is Mazda a Partner with Ford in what is called " The Auto Alliance " ?

If so that would mean the Number 1 Pickup Truck in Thailand ( Ford Ranger ) sales are falling badly.

There are some interesting times ahead me thinks.

 

If verbal gymnastics were a sport, this guy would win gold.

Maybe 2889 pending requests applied ages ago.

I suggest dear fellow stop talking or just state how many large factories have opened how many job losses in 2018/19 compared to job gains in the same period. Oh ic those figures not nice figures so let's talk about might, could or maybe. 

Wearing an awfully big watch there.

Pathetic liar. Everyday the Baht goes up.  No way thecan add manufacturing jobs.  Thailand just a backwater colony of China now.  That’s what hot money inflows from China do.

It tickles me how these people think we believe everything they say. Sometimes I just can't contain myself and I laugh right in their face.

On 11/14/2019 at 8:01 PM, Isaan sailor said:

hot money inflows from China

You must have a macro set up to paste this phrase into your posts.

On 11/14/2019 at 6:47 PM, zydeco said:

Wearing an awfully big watch there.

Looks like an MBK 99 baht special.

factories Close, then Open ReBranded... 

 - eliminates Product Warranties

It's a cycle to get rid of deadwood.

 

9 hours ago, farmerjo said:

It's a cycle to get rid of deadwood.

 

Sure factories always close but to truly know what is going on they should have looked at size of factories stopping and starting not just the amounts alone. But that would require a lot more research.