FRIDAY, March 29, 2024
nationthailand

KBank set to lure more Japanese investment

KBank set to lure more Japanese investment

Kasikornbank moves its representative office in Tokyo closer to the city’s business and financial services centre, aiming to lure more Japanese investment to Thailand and Asean.

At the new office in Toranomon area, advisory services on trade and investment are provided. The office also intends to connect customers with potential partners in Asean, with Thailand as a hub. Over 500 business deals are expected to emerge from quarterly business matching events in 2016.

             KBank Chairman Banthoon Lamsam said that Thailand and Japan have enjoyed close investment relations for over 60 years and more than 8,000 Japanese companies are operating in Thailand.  A research by Kasikorn Research Centre shows that Thailand should attract Bt140 billion of Japanese investment, a 12 per cent increase from 2015.

“Given huge investment value from Japan, KBank has always given priority to Japanese investors by enhancing our service network and working to expand our business alliance list. We have already established connections with 29 financial institutions and seven public organisations whose work is in support of Japanese outward FDI. With these partnerships, KBank hopes to provide a slew of financial services for Japanese investors venturing into Thailand and Asean member countries,” he said.

The Tokyo office is prepared to organise business matching events every quarter, to cash in on the launch of the Asean Economic Community (AEC). Among the 500 deals targeted, most will involve industries like food and beverages, medical devices and drugs, as well as health and beauty products. Five joint venture negotiations between Thai and Japanese companies are already underway. 
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