Apple to Toyota Seen Gaining From Thai Transport Upgrade
Just came across this article on Bloomberg which explains the importance of the new rail system in Thailand, now we all know there are issues with the plan put together by the government, I’ve even heard that they haven’t put together proper numbers yet for the entire project, but overall I still love the idea.
The upgrades, including a separate $11 billion project to improve waterways, are critical to ensure components from Thai suppliers reach Apple’s assembly lines in China and buyers of Sony Corp. (6758) cameras in the U.S. Thailand also plans to spend $9 billion to improve highways in a country where three people die every hour in crashes, making the nation’s roads the world’s second-most deadly, according to the World Health Organization.
Source: Bloomberg