Ericsson expects flat earnings

Ericsson (Thailand) projects its revenue to decline for the second consecutive year due to global sluggishness in the information technology industry, Bangkok Post reported on February 21.      Lars Bjorkenor, president of the Thai unit of Swedish Telecommunications equipment supplier Ericsson, said the local operator expected revenue would decrease slightly from 10 billion baht posted last…

Mission Completed!

When Per Brekke, Managing Director of ABB in Vietnam by March 2003 leaves his position for a job back at ABB in Norway, it will be with a nice sense of “Mission Completed”.      Per Brekke arrived Hanoi in January 2000 with his main assignment to evaluate what to do with ABB’s ailing factory in Vietnam,…

Human trafficking victims mostly from Thailand’s neighbours

Sex industry in Thailand was largely run by small and informal cross-border networks, a Norwegian NGO in Laos said at a recent symposium on human trafficking.      According to the United Nations Children’s Fund (UNICEF), up to 1.2 million children worldwide become victims each year. The extent of the problem has recently brought together key players…

Electrolux to invest Bt 471 million in washing machine plant in Thailand

Swedish electrical appliance firm Electrolux AB in February announced plans to invest US$ 11 million (Bt 471 million) to set up its first wholly-owned plant in Thailand to produce front-loading washing machines.      The factory will be operational within one year, making it the first washing machine facility in Southeast Asia for the Swedish home-appliance maker.…

Laos to improve SIDA-funded statistical project

Laos’s National Statistical Centre (NSC) is planning to increase its capability in order to improve the quality of data collected on the population’s household expenditure under the project funded by Swedish International Development Agency (SIDA).      SIDA has financially supported NSC’s project to collect data on Lao’s household expenditure since the beginning in 1992. The project…

Telenor still sees promising future with DTAC

The investment write-down by Norway’s Telenor in Total Access Communications (DTAC) will have no impact on Telenor’s long-term relationship with the Thai cell-phone operator, according to the report published in The Nation on February 19. Telenor said the earlier week that it had written down its investment in DTAC and the latter’s parent firm, United…