Thai business operators have been urged to expand their investment projects into neighbouring Myanmar, timely for the establishment of the Asean Economic Community (AEC) by 2015, Thai News Agency (TNA) reported.

Thai Ambassador to Myanmar, Pisanu Suvanajata told TNA on Monday that Myanmar has opened its door to foreign investment for two years, with China becoming its largest foreign investor so far, followed by Thailand and Hong Kong.

Pisanu said that many other rival countries in the Association of Southeast Asian Nations (Asean) and Asia, namely South Korea and Japan, are now also eager to invest in Myanmar.

Pisanu suggested that Thailand should, therefore, have a clear investment direction toward Myanmar so that the country will not be slower than other rival countries in benefiting from investment opportunities in the neighbouring economy.

The Thai envoy pointed out that Thailand has the edge over many other rival countries, as the country stands just next to and has positive relations with Myanmar.

Thailand is also capable in investment areas that Myanmar needs, including infrastructure, product, construction and service sectors, as well as health, beauty, insurance sectors and other labour-intensive businesses, he said.

via BERNAMA – Thai Businesses Urged To Timely Expand Investment Into Myanmar.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

The Bank of Thailand Bond Issuance Programme for 2022

For 2022, the BOT bond issuance programme continues to take into account the increased financing needs of the government to fund Covid-19 relief measures

Thailand BOI Approves Extension of Investment Acceleration Package

Apart from a standard 5-8 years corporate income tax (CIT) exemption, project applications filed by end-2022 will be eligible for an additional 50% CIT reduction for a period of 5 years, on the condition they realize investment of not less than 1 billion baht within 12 months of the investment certificate issuance, Ms Duangjai told reporters.