Export-oriented companies including Japanese-affiliated firms in Thailand are suffering from a higher baht. Since Thailand is a major exporting nation, the impact of the rising baht is heavy not only on textiles, but also on automobiles, marine products and electronic items as well. Naturally, a strong baht hits the export business. This problem has become clearly visible primarily in the textile industry already in trouble with low profit rates. At this moment, the Thai currency hovers at around 35 baht against the US dollar, representing a rise of as much as nearly 15% from the year-ago level. Since it is generally considered that commodity items in the textile industry will leave no ...

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