Myanmar conglomerate looking to joint ventures with Thai investors 0

Myanmar_01Source: Eleven Myanmar

Shwe Taung Group, a Myanmar conglomerate, is interested in partnering with investors from Thailand and other countries in particularly the steel, factory-building and department-store businesses.

“We plan to invest about US$500 million in expansion over five years, focusing on property, shopping complexes and office towers,” chairman Aik Htun said yesterday. More…

Businesses urge Myanmar to ease border trade rules 0

MyanmarSource: Mizzima

Thai businessmen have called on the Myanmar government to relax border control rules affecting trade with Thailand.

They were referring to the export of Thai products through Ban Pu Nam Ron temporary checkpoint in Kanchanaburi via the Htee Ki border checkpoint in Myanmar’s Tanintharyi Division. More…

Thai policy hits Cambodian cassava exports 0

cassava_plantationSource: The Phnom Penh Post

Thailand’s restriction on agricultural imports earlier this year caused dramatic declines for Cambodia’s cassava exports during the harvest season, provincial border officials said yesterday.

Cambodia’s exports of cassava reached 288,109 tonnes in the first six months of this year, a decline of 55 per cent from 634,317 tonnes in the corresponding period of 2012, according to statistics from the Ministry of Commerce. More…

Why Thai investors decide to pour billions of dollars into Vietnam? 0

Thai investors in VietnamSource: Viet Nam Net

Just within a short time, the two big Thai energy conglomerates announced the huge investments in the $27 billion Nhon Hoi petrochemical project and the $2.2 billion Quang Tri thermopower plant project.

The huge projects

PTT, the Thai oil and gas group, plans to contribute 30-40 percent of capital into the Nhon Hoi petrochemical complex capitalized at $27 billion in the Nhon Hoi Economic Zone in the central province of Binh Dinh. The other investors would be from the Middle East, South Korea and Japan. More…

Thai companies urged to invest in Myanmar 'or miss out' 0

myanmars-developmental-catch-22Source: The Nation

Thai enterprises should not delay when considering business and trade opportunities with Myanmar, otherwise they may lose out to other foreign investors, said Aung Than, vice chairman to the Mandalay Chamber of Commerce in Myanmar. More…

Foreign investment in Myanmar up 24 pct in 4 months of FY 2013-14 0

Private Investment on the rise for MyanmarSource: Mizzima

Contracted foreign investment in Myanmar amounted to 1.77 billion U.S. dollars in the first four months (April-July) of the fiscal year 2013-14, up 26 percent or 0. 37 billion dollars, an official said here Friday.

Of the total, Japan injected 0.18 billion dollars into five enterprises, accounting for 10 percent, said U Aung Naing Oo, director general of the Directorate of the Investment and Company Administration (DICA) under the Ministry of National Planning and Economic Development. More…

Cambodian, Thai firms form business alliance 0

Cambodian Prime Minister Hun Sen (R) speaking during a launching ceremony at the Cambodian Securities Exchange (CSX) in Phnom Penh.Source: The Phnom Penh Post

SBI Royal Securities, a subsidiary of Japanese-based SBI Holdings, has concluded a basic agreement to form a business and capital alliance with one of Thailand’s leading securities firms, in a move that could attract more investment from Cambodia’s northern neighbour. More…

Vietnam ‘threatened’ by Chinese, Thai investments in Laos 0

A tuk-tuk drives past an advertisement in Vientiane for a Vietnamese company with a rubber concession in LaosSource: Radio Free Asia

Vietnam “feels threatened” by increasing Chinese and Thai investment in neighboring Laos and is concerned that the two countries will dethrone it as the top investor there, according to a senior Lao official.

The concern was expressed in a letter from the secretariat of Vietnam’s ruling Communist Party to its Lao counterpart, the official told RFA’s Lao Service, speaking on condition of anonymity. More…

CK signs on for B20bn Laos plant 0

531459Source: Bangkok Post

The SET-listed Ch. Karnchang Plc (CK), Thailand’s third-largest contractor by market value, has signed a contract with the Laotian government to develop the 20-billion-baht Nam Bak hydroelectric power plant.

Nam Ngum 2 Power Co, a subsidiary of CK Power Plc, signed a project development agreement last week for the plant, which is to have an installed capacity of 160 megawatts. More…

Laos tourism can only benefit from talks with Thailand 0

Laos TubingLaos is continuing with its drive to increase trade both within and without the Southeast Asian region. In recent years great strides have been made to increase the commercial growth of this country, once seen as the poor relation in the area. Laos is now trading blows with its partners on a more equal footing.

In the latest move, the country’s neighbor Thailand has begun talks on a plan to double bilateral trade to US$8 billion by 2015 from its figure of $4 billion in 2011. The move has been greeted with optimism in both countries. More…