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Asean

Thailand approves three Dawei working committees

The Thai Cabinet has approved the establishment of three joint Myanmar-Thailand committees to coordinate the development of the Dawei deep-sea project and related areas in Burma and Thailand.

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a strategic location that can link China, India and South-east Asia.

The Thai Cabinet has approved the establishment of three joint Myanmar-Thailand committees to coordinate the development of the Dawei deep-sea project and related areas in Burma and Thailand.

Prime Minister Yingluck Shinawatras is expected to visit Burma in early December, said officials.

After the committees are formed, three panels will be invited to hold discussions in Thailand, said Foreign Minister Surapong Towichukchaikul, according to an article in The Nation newspaper on Wednesday.The first of the three committees is a policy-level mechanism to be co-chaired by Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong and Burma’s deputy president.

The committees role is to push progress of agreements under a memorandum of understanding and coordinate promotion for development of the Southern Economic Corridor linking up with Dawei and Thai energy zones.

via Thailand approves high-level Dawei working group.

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Banking

Malaysia, Thailand banks to join the ASEAN Banking Integration Framework

Banking institutions from Thailand and Malaysia are invited to join the ASEAN Banking Integration Framework and indicate their interest to become a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Pursuant to the bilateral arrangement under the ASEAN Banking Integration Framework (ABIF) between Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) which was concluded in April 2019, banking institutions from Thailand and Malaysia are invited to indicate their interest to be a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Tech

Global fashion e-tailer Shein launches new hub in Singapore

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Shein has websites for Singapore, Indonesia, Thailand, Vietnam, and the Philippines and has plans to create a standalone website for Malaysia too.

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