Japan's Sumitomo Mitsui Banking Corporation (SMBC) will adopt Thailand as its base for expansion in Southeast Asia in celebration of its 70th year of operations in the kingdom, it says.
Makoto Takashima, president and CEO of SMBC, said Thailand was unique and offered a strategic location for its business.
"The hospitality of Thais and the country's positive business sentiment, with the full support of the government, enabled Japanese companies to grow a strong base here," Mr Takashima said.
