Japan Firms To Stay, Want Protection: Thailand Flood

[webfact]

Japan firms to stay, want protection

PETCHANET PRATRUANGKRAI

THE NATION

Japanese companies are still confident about staying in Thailand but want the government to draw up a comprehensive plan to protect businesses from floods in the future.

"We can say that Japanese investors will keep their investment and invest more in Thailand in the future, as this is a good place with infrastructure. In particular, it is considered the centre in Asia with supply-chain industries to serve their investment," Japanese Ambassador Seiji Kojima said yesterday.

Japanese investors want to see the government come out with the best solution that also persuades reinsurers to cover their business risk.

After meeting with Industry Minister Wannarat Charnnukul, Kojima said Japan had established very strong bonds with Thailand and the close relationship in business and government would not be easily damaged by floods.

The Japan International Cooperation Agency (JICA) and the Royal Irrigation Department will upgrade their master plan for a water system to prevent floods in the future.

The Japanese government and private sector are ready to extend assistance to Thailand for rehabilitation efforts and the prevention of floods, Kojima said.

Tokyo has announced three packages - emergency, financial, and moral and technical support. The moral support will help flood victims recover their sanity and the technical support will help agencies prevent future floods.

-- The Nation 2011-11-04

[KKvampire]

"Moral support to help recover sanity“?Thats a new cure for insane folk

[whybother]

Japanese companies are still confident about staying in Thailand but want the government to draw up a comprehensive plan to protect businesses from floods in the future.

I'm sure they will get the plan that they want. Not much chance of anything happening beyond that though.

[siampolee]

Tokyo has announced three packages - emergency, financial, and moral and technical support. The moral support will help flood victims recover their sanity and the technical support will help agencies prevent future floods.

Perhaps if decent financial support was given to the people who have lost their homes and everything they ever had that might well go a long way towards repairing the mental and moral damage suffered.

Rather sad to see that the big companies and the government are more concerned about their money loss yet happily toss to the Thai people a bone called "moral support" as the panacea and placebo for all their ills.

The actions of a morally bankrupt government and industrial societies.

[geriatrickid]

Tokyo has announced three packages - emergency, financial, and moral and technical support. The moral support will help flood victims recover their sanity and the technical support will help agencies prevent future floods.

Perhaps if decent financial support was given to the people who have lost their homes and everything they ever had that might well go a long way towards repairing the mental and moral damage suffered.

Rather sad to see that the big companies and the government are more concerned about their money loss yet happily toss to the Thai people a bone called "moral support" as the panacea and placebo for all their ills.

The actions of a morally bankrupt government and industrial societies.

Rubbish. Those companies will provide the jobs people need. They will also churn out vehicles to allow Thais to spend their money on Thai manuufactured goods.

Would you rather the Thai consumers spend their money on imports further destroying the economy?

This is a positive story. Why try and make it negative.

[kalbo123]

I find it really hard to believe that Japanese firms will rebuild their factories on the same location where they are now.

So either they move out of Thailand or they should get flooding free locations.

i don't see a masterplan within a few years that can promise that the locations the factories are now situated will be save from future floodings.

[ginjag]

Tokyo has announced three packages - emergency, financial, and moral and technical support. The moral support will help flood victims recover their sanity and the technical support will help agencies prevent future floods.

Perhaps if decent financial support was given to the people who have lost their homes and everything they ever had that might well go a long way towards repairing the mental and moral damage suffered.

Rather sad to see that the big companies and the government are more concerned about their money loss yet happily toss to the Thai people a bone called "moral support" as the panacea and placebo for all their ills.

The actions of a morally bankrupt government and industrial societies.

Rubbish. Those companies will provide the jobs people need. They will also churn out vehicles to allow Thais to spend their money on Thai manuufactured goods.

Would you rather the Thai consumers spend their money on imports further destroying the economy?

This is a positive story. Why try and make it negative.

It would be very interesting how much rent/lease these foreign companies were paying for promised Sh#t safe land. Companies can only set up in certain designated industry areas, and surely these should be safe--as the importance of these companies to the economy.

Why were these places landfilled initially ???? as Bkk is sinking and the world weather is getting more unpredictable, We didn't envisage this happening on this scale--BUT knew it could at some time.

Our fugitive ex P.M. would he have bought this land in his wifes name ????? Do you get my point as an example ??? it's the only example to give, rather than having a dig at the family.

[WhizBang]

Japanese companies are still confident about staying  in Thailand but want the government to draw up a comprehensive plan to  protect businesses from floods in the future.

I'm sure they will get the plan that they want.  Not much chance of anything happening beyond that though.

Unfortunately, that is exactly what will happen.  Thai officials will say anything to get the Japanese firms to stay, but will do little or nothing once the papers are signed.  Hopefully, the Japanese forms will have learned their lesson and require some concrete action/proof from the Thai officials before commiting to stay.

If I was a Japanese firm, the first thing I would demand would be factory space that was not located in a flood zone.  Can't provide that, then adios.

[scotto]

The japanese do not want much really a plan to stop their factories flooding in the future Sounds fair i reckon the Thais will give them that?

But thats all i think the japanese will get the picture next time it floods.

[wintermute]

The reason why these large multinationals aren't too worried is because they make tons of money no matter what. The only ones impacted were companies too small to receive sweetheart deals or competitively weak.

Japanese businessmen aren't stupid about this.

[siampolee]

geriatrickid # 5

Rubbish. Those companies will provide the jobs people need. They will also churn out vehicles to allow Thais to spend their money on Thai manuufactured goods.

Would you rather the Thai consumers spend their money on imports further destroying the economy?

This is a positive story. Why try and make it negative.

I am sure those who have lost their all will make it a priority to purchase a new vehicle, I am as I am sure others are, are reassured that the majority of Thai industrial work force are so well heeled so as to be able to kick start the domestic economy on their own.

The majority of Thai's I know (and I live in an area where farangs are somewhat rare) do not spend their money on "imported goods" unlike many of we farangs. do. (Foodland being my downfall in that respect.)

The whole package is aimed and only for industry. Mr. and Mrs. Somchai are right at the back of the queue when it comes to receiving any help in re-establishing their wrecked lives.

Mammon Rules.

[Markaew]

Japanese companies are still confident about staying in Thailand but want the government to draw up a comprehensive plan to protect businesses from floods in the future.

I'm sure they will get the plan that they want. Not much chance of anything happening beyond that though.

Unfortunately, that is exactly what will happen. Thai officials will say anything to get the Japanese firms to stay, but will do little or nothing once the papers are signed. Hopefully, the Japanese forms will have learned their lesson and require some concrete action/proof from the Thai officials before commiting to stay.

If I was a Japanese firm, the first thing I would demand would be factory space that was not located in a flood zone. Can't provide that, then adios.

The Thais cannot produce what the Japanese want and they know it. This opens the door for other favors.

[nickynomates]

Lets get real on this.

Many of the small to medium companies will just will not be able to afford to restart.

What are premiums on any insurance for next year it will be almost impossible to get.

Many that can restart will take the view If you have to buy all new machinery you might as well place it somewhere else safe.

For sure by the time all is cleaned up its the next rainy season is just around the corner.

Add in the minimum wage that was already causing conflict and the ongoing political upheaval.

Lets face it nothing this Government says can be trusted.

Some companies on the other hand have the problem that they just cannot afford to move but I cannot see Thailand as a number 1 choice for many.