It looks like that the turbulent political and hence the business climate is now settling down in Thailand after the General Election towards Democratic Government. The democratic process has certainly rejuvenated the entire political as well as business atmosphere here, and will be sure to re-establish the private sector confidence in the near future. The stalled Government Mega-Projects are bound to start with MRTA announcing the first of five MRT lines for the tendering process in April.
    However, Thai Nishimatsu Construction (TNC) had an excellent year with an all-time record annual turnover and above-target profit. This year saw major orders received basically from our trusted clients, including Honda Automobiles (NLT Project, NDC Project). TNC continued the construction of the Fabrinet and Meyer Industries factory projects. In addition, TNC received ongoing orders from various longstanding clients such as Yachiyo, SMT, Tanabe, etc. In this process, TNC has added Sankin and Inoue Rubber as new clients to the prestigious list. In spite of some turbulence in the market, TNC has had a good run this year due to its leadership in the industrial construction sector and continual improvement in management and construction practices at all levels.
    The delayed implementation of major infrastructure projects has resulted in low turnover for Nishimatsu Bangkok office projects in Thailand, but the future looks bright due to the elected government’s commitment to the Mega-Projects and especially with the start of the MRTA Purple Line project. However, the works on Nam Theun 2 Hydropower Project in Laos and BMA Flood Protection Project continue to progress satisfactorily. The start of implementation of various infrastructure projects in Thailand by the return of democratic government and new projects in the energy sector in Thailand and Laos give rise to a very promising outlook in the next as well as coming years.

Sankin (Thailand) New Factory, Thailand	Fabrinet Manufacturing Building, Thailand