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Liberty, Equality, Frate
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Discussion Starter · #1 · (Edited)
Let go !
 

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Liberty, Equality, Frate
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Discussion Starter · #2 · (Edited)
Thailand, Myanmar agree to strengthen cooperation at all levels

BANGKOK, Oct 6 - Thailand and Myanmar have agreed to strengthen bilateral ties and cooperation at all levels while exploring ways to develop new cooperation between the two members of the 10-nation Association of Southeast Asian Nations (ASEAN).

The two neighbouring countries agreement came during Thai Prime Minister Yingluck Shinawatra’s one-day official introductory visit to Myanmar on Wednesday.

During the visit, Ms Yingluck paid a courtesy call on Myanmar President Thein Sein before the two delegations met together.

The Thai premier praised Myanmar for the progress of its development of democracy and reconciliation. Ms Yingluck took the opportunity to invite Mr Thein Sein to visit Thailand.

Ms Yingluck assured the Myanmar leader that Thailand adheres to its policy of not allowing any armed group to use Thailand as its base to launch any offensive move against the Myanmar government.

Thailand stands ready to promote bilateral ties and cooperation at all levels and dimensions to jointly achieve the goal of establishment of the ASEAN Economic Community by 2015, the Thai prime minister said.

As for the cooperation between Thailand and Myanmar, both sides agreed to continue existing cooperation and, at the same time, to explore new ways to develop new cooperation.

In an attempt to boost cross border trade and investment between the two countries and facilitate the cross border contacts, the Thai premier requested cooperation from Myanmar to reopen the border check-point at Tak's Mae Sot-Myawaddy, closed since mid-July last year.

President Thein Sein agreed to speed up the process to reopen the checkpoint, as the bridge footings are under repair. The Myanmar government affirmed that once the bridge repairs were complete, the checkpoint would immediately reopen.

Trade and transport across the Mae Sot-Myawaddy border was suspended when Myanmar officials shut the border at the Thai-Myanmar Friendship Bridge across the Moei River and at over 20 cross-border trading ports along the river.

The Thai premier also asked for progress regarding the plan to upgrade the Singkhon border gate in Prachuap Khiri Khan province as a permanent border check-point to facilitate trade and transport.

Thailand expressed support for the development of infrastructure in Myanmar. Both leaders then witnessed an exchange of a signed road construction and improvement contract as well as for repairs of the Friendship Bridge. The contract was signed by the Thai and Myanmar foreign ministers.

Ms Yingluck and Mr Thein Sein also witnessed the presentation of meteorological equipment worth Bt40 million to Myanmar.

The Thai premier requested Myanmar to support development of the Tavoy deep sea port, industrial estate and the road linking Tavoy and Kanchanaburi.

The two leaders discussed the plan to jointly tackle border-related problems including illicit drugs, rights protection for Myanmar workers and assistance for persons from Myanmar who were displaced because of fighting.

After the talks, the Myanmar leader hosted a dinner to honour Ms Yingluck who returned to Thailand last night.

The visit to Myanmar is the latest in a series of introductory visits by Ms Yingluck following trips last month to Brunei, Indonesia, Cambodia and Laos.

She plans to visit Malaysia, Singapore, Vietnam and China later this month. (MCOT online news)

http://www.mcot.net/cfcustom/cache_page/277280.html
















 

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Liberty, Equality, Frate
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Discussion Starter · #3 ·
Thai firms eye Burma investments

Published: 21/12/2011 at 12:00 AM

Business leaders would like to hear assurances from the Thai government about Burma's opening up of the economy before investing in the resource-rich neighbouring country. Although there have been positive signs since Burma's election about a year ago, the country need to understand it must open up the economy for investments from abroad, said Arin Jira, chairman of the Asean Business Advisory Council.

With assurances from the Thai government, Burma is poised to become a prime investment location for Thai investors given its abundant supply of natural resources, he said.

"The Dawei development project in Burma could serve investments from Thailand that have been plagued by environmental issues," Mr Arin said.

Prime Minister Yingluck Shinawatra is taking a two-day visit to Myanmar, partly to promote the development of a deep-sea port in Dawei. SET-listed Italian-Thai Development (ITD), Thailand's largest contractor, was awarded a concession to develop the port last year, with infrastructure costs running to US$4 billion.

Pornsil Patcharintanakul, vice-chairman of the Thai Chamber of Commerce, said Thailand should convince the Burmese government to smooth border trade between the two countries. Despite the huge volume, border trade between the two countries has been interrupted at time because of Burmese minorities seeking refuge.

"Burma has become more transparent but it is just the beginning," he noted.

Payungsak Chartsuthipol, chairman of the Federation of Thai Industries, said once investment regulations are clear, Thai companies will be more eager to invest in Burma, where the major players are Singapore and Malaysia.

The Department of Mineral Fuel expects Thailand could double its natural gas imports from Burma over the next two decades.

The department's director-general Songpop Polachan said gas imports from Burma are about 1,000 million cubic feet per day (mmcfd), representing a quarter of the county's total gas demand. Volume is expected to double to 2,000 mmcfd or 30% of Thailand's gas demand.

"Domestic gas resources are going to peak in 2013 at 3,600 mmcfd," he said.

Thailand imports gas from Burma's Yadana and Yetakun field. Volume will rise by 20% or another 240 mmcfd when PTTEP begins production at Zawtika (M9) field in 2013.

It also has a licence for exploration of off-shore fields M3, M7 and M11.

http://www.bangkokpost.com/business/economics/271775/thai-firms-eye-burma-investments




 

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Liberty, Equality, Frate
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Discussion Starter · #4 ·
Europeans see Thailand as gateway for push into Myanmar

Published: 30/01/2012 at 12:00 AM

European companies are keen to use Thailand as a gateway to Myanmar as the latter opens up to the international community and grows more attractive to foreign investors.


A group of European investors visited Myanmar last month and observed positive developments taking place that favoured foreign investors, said Rolf-Dieter Daniel, president of the recently opened European-Asean Business Centre (EABC).

"It is very likely that the process of opening up Myanmar will be very successful and continuing. Myanmar people are very keen to have European investors there, not only big businesses but small ones," said Mr Daniel, also president of the German-Thai Chamber of Commerce.

"The more Myanmar opens up, the more Thailand will benefit as your country will be used as a gateway. Thanks to the natural border and close connections with Myanmar people, European investors will develop business there through Thailand."

Thailand is the second largest investor in Myanmar after China. European businesses are interested in all kinds of natural resources and infrastructure projects.

Myanmar in 2013 will chair the Association of Southeast Asian Nations (Asean) and this is expected to further speed up the pace of political and economic reforms there, said Mr Daniel.

He believes that Myanmar needs to open up sectors such as the internet, telecommunications and health care to support the arrival of companies including those from Thailand to invest and upgrade the country's systems.

The presence of higher-standard communications and health care will facilitate and draw more investments from abroad.

The EABC was opened last week to support Europeans in Asean by providing basic information, identifying obstacles to investments and pursuing dialogue with government agencies.

Working groups have been established under the centre to deal with food and beverages, healthcare and pharmaceuticals, ICT, intellectual property rights, insurance, automotive and transport and logistics sectors.

Mr Daniel said the centre aimed to have 600 members in its first year of operation. They would include the 13 existing European chambers of commerce, which in turn have 2,500 corporate members, as well as companies not currently represented by either embassies or chambers of commerce in Thailand.

European investors are also encouraging the Thai government to enter negotiations for a bilateral free trade agreement (FTA) with the European Union. At present, the EU has FTAs with Malaysia, Singapore and Vietnam, but years of political drift in Thailand have stalled efforts to seriously pursue an FTA with the 27-country European bloc.

This is despite the fact that Europe is the second largest export market for Thai products after Asean, while European investors rank second in terms of foreign investors in Thailand.

"Thailand will be left behind the neighbouring countries if they don't have an FTA with us. Meanwhile, the Generalised System of Preferences granted to Thai products will expire next year, so your products will lose advantages in the European market," said Mr Daniel.

"We want to bring a European voice to your government so that European companies can be at least on the same level playing field in Thailand."

http://www.bangkokpost.com/business...see-thailand-as-gateway-for-push-into-myanmar
 

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Liberty, Equality, Frate
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Discussion Starter · #5 ·
Burma revs up for Thai vehicles amid growing local demand

The Nation February 17, 2012 1:00 am

The Burmese private sector is interested in importing vehicles from Thailand to serve its growing demand, particularly a market for pickup trucks that is currently 60,000-80,000 units per year.

A group of 40 Burmese automotive businessmen visited Thailand this week on a four-day trip, which ended yesterday, to meet with members of the Thai automotive industry.

Chokdee Kaewsang, deputy secretary-general of the Board of Investment, said the group met with 24 auto-parts manufacturers whose initial trading value reaches Bt1.8 billion.

Moe Kyaw, joint secretary-general of the Burmese Chamber of Commerce and Industry, said the Burmese were eager to create business networks and negotiate the purchase of vehicles and auto parts from Thailand.

The total number of cars and pickup trucks in Burma is currently about 380,000 units, or one vehicle per 150 people. Of that number, 90 per cent have been in use for more than five years, and the demand for new vehicles remains high.

"Although the gross domestic product of Burma is five times lower than Thailand's, its growing economy will increase the purchasing power and demand for cars there," said Moe Kyaw said.

In the past, Burma imported used cars from Japan and parts from Thailand and China.

The total trade value between Thailand and Burma averages US$800 million (Bt24.69 billion) per year. Thailand is the second-largest importing source for Burma after China. The export of Thai goods includes food and consumer products.

Aye Tun, executive committee member of the chamber, said the Burmese government was deregulating trade and investment laws as well as restructuring its tax system to draw more foreign investors. However, the import tariff for vehicles is 165 per cent.

http://www.nationmultimedia.com/bus...hai-vehicles-amid-growing-local-30176083.html
 

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Liberty, Equality, Frate
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Discussion Starter · #6 ·
SCG begins expansion with Yangon shop

Published: 21/03/2012 at 02:30 AM

AYUTTHAYA : Siam Cement Group (SCG) is establishing wholesale and retail stores abroad for the first time, beginning in Myanmar and aiming for 100 outlets in Southeast Asia by 2015.

Thailand's top industrial conglomerate last week opened a wholesale store in Yangon, marking the first move for SCG's Home Mart model outside Thailand.

The group seeks similar stores in Cambodia, Vietnam, the Philippines, Indonesia and Malaysia this year.

The aggressive expansion is in line with SCG's goal of becoming a leader in the region once the Asean Economic Community is established in 2015.

"Our focus is Cambodia, Laos, Myanmar, Vietnam and the Philippines, countries where we have distributed our products for many years," said Kalin Sarasin, the managing director of SCG Trading.

"Myanmar in particular has several infrastructure and industrial projects going on, and demand for building materials is rising substantially."

At present, there are 100 Home Mart stores in Thailand focusing solely on retail sales of building materials. Together with another 300-plus stores operated by local authorised dealers, there are nearly 500 Home Marts in the country.

SCG Trading, the international trading arm of SCG and one of the largest of its kind in Asean, currently operates in 22 countries with 36 branches including those in Vietnam, Cambodia, Indonesia and the Philippines.

Mr Kalin said SCG Trading expects revenue to rise by 30% to 60 billion baht this year, fuelled by growing demand for coal.

Turnover fell slightly shy of target last year but still grew by 10% from 2010 as the floods disrupted operations at SCG's coal hub in Ayutthaya for two weeks.

The company want to increase coal trading from 3 million tonnes last year to 4 million this year and 7 million by 2015. The energy business including coal and biomass accounts for 20% of revenue at present, with building materials and recycling products making up 30% and 25%, respectively.

"With oil prices rising steadily and remaining high, demand for coal has surged this year with our main customers including cement, paper and power plants," said Mr Kalin.

The price of coal has fallen to an average of US$110 from $120-130 last year.

http://www.bangkokpost.com/business/economics/285274/scg-begins-expansion-with-yangon-shop
 

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Liberty, Equality, Frate
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Discussion Starter · #7 ·
Asean leaders call for lifting of Myanmar sanctions

Published: 3/04/2012 at 05:58 PM Online

PHNOM PENH - Asean leaders on Tuesday called for Western sanctions against Myanmar to be lifted after its historic polls, as they held summit talks also dominated by North Korea and maritime disputes with China.

The call came amid international praise for Myanmar's by-elections on Sunday which gave democracy leader Aung San Suu Kyi, a Nobel laureate and former political prisoner, a seat in parliament for the first time.

Leaders of the Association of Southeast Asian Nations (Asean) "call for the lifting of all sanctions on Myanmar", Cambodian Secretary of State Kao Kim Hourn told reporters on the sidelines of the Asean foreign ministers meeting ahead of the bloc's summit in Phnom Penh.

"The lifting of sanctions would contribute positively to the democratic process and especially economic development of Myanmar," he said, quoting leaders inside the meeting room.

Election monitors from Cambodia, which holds Asean's chair in 2012, have already declared the polls free and fair, and said sanctions imposed over the Myanmar military's long record of rights abuses should be lifted.

Asean secretary-general Surin Pitsuwan said the vote should contribute to the "reintegration of Myanmar into the global community".

The by-elections are the latest sign that Myanmar's military is genuine about loosening its grip on power after four decades of brutal rule which made the country a diplomatic pariah and economic backwater.

Over the past 12 months the country's quasi-civilian government, led by ex-general Thein Sein, has freed hundreds of political prisoners, eased media restrictions and welcomed the opposition back into politics.

At the last Asean summit in November, Myanmar was rewarded for its reforms by being promised the bloc's chairmanship in 2014. It is also eager to win greater foreign investment with the prospect of sanctions being lifted.

The easing of most US sanctions would require approval in Congress, where lawmakers have welcomed changes in Myanmar but also urged caution as they seek progress on more fronts including resolving ethnic violence.

The 27-nation EU already lifted some sanctions on the regime this year to encourage reforms and foreign ministers will decide the next steps when they meet on April 23 in Luxembourg.

Asean comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam -- a grouping of nearly 600 million people from disparate economic and political systems.

The bloc has often been dismissed as a talking shop but it has assumed new strategic importance in light of Washington's foreign policy "pivot" to Asia and the economic rise of China in recent years.

North Korea's plans to launch a rocket is also looming over the Cambodia summit.

Pyongyang says the launch will send a satellite into orbit but the United States and its allies have condemned it as a thinly disguised missile test.

Philippine Foreign Secretary Albert del Rosario said the Asean foreign ministers spoke with one voice against the launch, which is expected to take place in mid-April.

"I think the countries that spoke on the topic... were all of the opinion that we should be discouraging (North Korea) from undertaking that launch," Del Rosario said after a meeting of Asean foreign ministers on Monday.

He said words to that effect would be included in the chairman's statement at the end of the leaders' summit.

The Philippines -- which lies beneath the rocket's expected flight path -- has lodged a formal protest with Pyongyang's representatives at the United Nations.

Regional tensions with China over disputed islands in the potentially resource-rich South China Sea -- a vital international shipping lane -- have also been discussed, diplomats said.

China has competing territorial claims in the sea with Asean members Brunei, Malaysia, the Philippines and Vietnam. The United States says it has a "national interest" in keeping the vital trade route open to shipping.

US ally the Philippines has been leading a push for Asean to present China with a binding "code of conduct" governing activities in the sea, in a bid to prevent minor incidents from escalating into major conflicts.

But Beijing is insisting it should be involved in the negotiations from the start, diplomats said.

http://www.bangkokpost.com/news/asia/287280/asian-leaders-call-for-lifting-of-myanmar-sanctions

 

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Liberty, Equality, Frate
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Discussion Starter · #8 · (Edited)
Thailand assures its full support to Japan on regional development


123TOKYO, April 21 -- Thailand has pledged full support to Japan as a strategic partner in the sustainable co-development of the Mekong River delta to strengthen economies of the countries in the Greater Mekong Sub-region (GMS), according to Thai Prime Minister Yingluck Shinawatra.

Ms Yingluck, at a joint press conference with leaders of Cambodia, Laos, Vietnam, Myanmar and Japan after the 4th Mekong-Japan Summit, said that the summit was considered an important mechanism to boost regional economic strength.

The 4th Mekong-Japan Summit was held in Tokyo which, along with Ms Yingluck, was attended by Cambodian Prime Minister Hun Sen, Lao Prime Minister Thongsing Thammavo, Vietnamese Prime Minister Nguyen Tan Dung, Myanmar's President Thein Sein and chaired by Japanese Prime Minister Yoshihiko Noda.

Ms Yingluck said that Thailand has always supported neighbouring countries and development in the GMS, and would like to propose joint Thai-Japanese development projects for the expansion of cooperation on East-West Economic Corridor and Southern Economic Corridor developments to be a genuine economic corridor and be able to respond to risks from flood and other natural disasters in the future.

As for the Southern Economic Corridor, the Thai premier has invited Japan to support and participate in the development of the Dawei deep sea port in Myanmar as Thailand would allocate a budget for the construction of a highway to link Bangkok with the Thai-Myanmar border provinces, which would eventually connect the route between the Andaman Sea and South China Sea under the Southern Economic Corridor.

The Thai prime minister has proposed Thailand and Japan jointly organise a training programme to upgrade the competitiveness of the SMEs in GMS.

Ms Yingluck added that Thailand has emphasised for its police to provide assistance to neighbouring countries and this year, it has allocated US$77 million towards infrastructure development and technical assistance for the prosperity of the region.

At the 4th summit, the leaders has reviewed the implementation of programmes and projects under the 63-point Action Programme, the Mekong-Japan Economic and Industrial Cooperation Initiative (MJ-CI) and the Green Mekong Initiative.

They have also adopted the “Tokyo Strategy for Mekong-Japan Cooperation” as a foundation for Mekong-Japan cooperation for the next three years, from 2013 to 2015, focusing on promoting communications between the GMS, cooperation for mutual development, and methods of ensuring security and protecting the environment.

The summit follows the 3rd Mekong-Japan Summit in Bali, Indonesia in November of last year which focused on natural disaster responses and water resources management. (MCOT online news)

http://www.mcot.net/cfcustom/cache_page/356111.html











 

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Liberty, Equality, Frate
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Discussion Starter · #9 ·
DAWEI: Japan may ease the way for ITD

THE NATION April 28, 2012 1:00 am

The Japanese government has shown interest in supporting the Dawei deep-sea port project in Myanmar, easing the concerns of Italian-Thai Development over financing. ITD holds a 75-year concession on the project.
Tokyo's involvement would smooth the way to acquiring funding from international institutions, while ITD is selling some of its stakes in potash and aluminium mines to raise funds and increasing registered capital.

LONG-TERM LOANS

ITD president Premchai Karnasuta said yesterday that the company was seeking long-term loans from international financial institutions to finance the Dawei project. Support from Japan will give such institutions confidence to lend for the project.

"If we can secure long-term loans and raise funds, it will no longer be a concern," he said.

Premchai said the Japan Bank for International Cooperation was willing to finance the project.

He said ITD also had 80,000 rai (12,800 hectares) of saleable land within the Dawei project, of which 30,000 rai was in the process of being sold to investors who are interested in power plants, an integrated steel plant, and the deep-sea port itself. Meanwhile, ITD is offering to sell some of its stakes in a potash mine in Udon Thani province and an aluminium mine in Laos to raise funds.

Chartchai Chutima, deputy chief executive for finance, said the company expected to dilute its share in the aluminium mine to 30 per cent from 45 per cent currently. It will reduce its stake in the potash mine from 100 per cent currently, but will maintain its majority in the asset.

He said these asset sales would begin in the current half of the year.

Premchai said a Chinese company would be a partner in the aluminium mine, which needs an investment budget of US$1.2 billion for the first phase. ITD is dealing with both Thai and foreign investors to partner in the potash mine. It will finalise the partners as well as the mining licence by the end of this year.

An ITD shareholder meeting yesterday approved the increase of registered capital from roughly Bt4.19 billion to Bt5.87 billion by issuing new ordinary shares at par value of Bt1 per share.

http://www.nationmultimedia.com/business/DAWEI-Japan-may-ease-the-way-for-ITD-30180876.html
 

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Liberty, Equality, Frate
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Discussion Starter · #10 ·
Thais enter Myanmar hotel market with Bt8 bn stakes

THE NATION May 25, 2012 1:00 am

Thailand is the second-largest investor in Myanmar's hotel business after Singapore, but the Association of Thai Travel Agents (ATTA) has warned that the young country still faces many obstacles such as outdated legislation and political instability.

Sisdivachr Cheewarattanaporn, the association's president, acknowledged Myanmar's huge potential in the tourism and hotel industry, but said its business outlook remains unclear. Yet, several countries in the region maintain their interest in investing in the country.

According to Maung Maung Swe, chairperson of the Union of Myanmar Travel Association, hoteliers from Thailand had spent US$263.25 million (Bt8.3 billion) in Myanmar, offering 1,896 rooms in total via 11 hotel brands, including Andaman Club, Kandawgyi Palace, Nikko (Chatrium), Mandalay Hill and Pearl Laguna.

Investments from Singapore were the highest in the hotel industry at about $597 million, followed by Thailand, Japan with $183 million, Hong Kong with $77 million, Malaysia with $20 million and Britain with $3.4 million.

In terms of investment from Thailand, the power sector ranked the highest with about $6 billion, followed by oil and gas at $2.19 billion, manufacturing at $630.84 million and then the hotel and tourism industry.

Swe said the tourism and hotel business in Myanmar had improved and would grow further as more investment flows into the country. Myanmar also has the competitive advantage of being rich in natural resources and having a strong cultural heritage, which is an attractive tourism product.

After recent political changes, the Myanmar government has been making a big effort in modernising the existing investment legislation to promote the tourism industry. Swe said the government had called on his association and its members to share opinions on how the law can be amended to stabilise the tourism and hotel industry.

For instance, he said, in relation to the land-lease law, the association had proposed that it be extended to 70 years, starting off at 50 years and then offering two extensions of 10 years each. The existing law allows a lease of 60 years, starting at 30 years and then two renewals of 15 years each.

In terms of hotel investment, the association will also propose that the government protect local operators. For example, foreign investors should not be allowed to invest in one- and two-star hotels. However, they could work in a joint venture with locals to build three-star hotels or invest fully in four- and five-star hotels. This way, Swe said, local operators can learn more about business practices from foreign operators.

Over the next three to five years, Sisdivachr said, Myanmar would start competing head-on with Thailand, as many European airlines are planning to launch direct flights from there. This means that many tourists will be lost because Thailand will no longer be the gateway to Myanmar.

Myanmar currently has six domestic airlines and an airport each in Yangon, Nay Pyi Taw and Mandalay. It also has 759 licensed tour companies, of which one is wholly foreign owned, 15 are joint ventures and 743 are local firms. At present, there are 16 international airlines flying into the country - 15 to Yangon and one to Mandalay.

Last year, Myanmar posted $319 million in total tourist revenue, up from $254 million in 2010. Average spending per head per day was $120 last year, with an average length of stay at eight days.

There were 816,369 foreign arrivals in Myanmar last year, up from 791,505 in 2010. Of the total last year, 425,193 were border tourists. From April last year to this March, 64,267 Thais visited Myanmar, compared to 59,692 in the previous year.

http://www.nationmultimedia.com/bus...-hotel-market-with-Bt8-bn-stake-30182798.html
 

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Liberty, Equality, Frate
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Discussion Starter · #11 ·
Singha Corp plans Myanmar brewery

THE NATION May 25, 2012 1:00 am

Singha Corp, maker of Singha and Leo beers, plans to set up a brewery in Myanmar with initial capacity of 80 million to 100 million litres per annum as the opening gambit in its strategy to penetrate markets in Asean.

Piti Bhirombhakdi, regional marketing director, said the company had two options for investing in Myanmar. The first is to set up its own manufacturing operations in the country; the second is through a joint venture with a local partner.

"We are interested in neighbouring countries with high beer consumption. These would be Myanmar, Vietnam and Cambodia," he said.

Myanmar is a labour-intensive country that, as it opens up and becomes more politically stable, will become a tough competitor for Thailand in the near future, he said.

"With its location near southern China, we can set up a beer factory in Myanmar and use it to support both the Myanmar and Chinese markets," Piti said.

There are currently three major beer factories in Myanmar, one owned by the government and two by private companies. The government is granting licences to manufacturers interested in setting up breweries. Myanmar Beer produced by Asia Brewery leads the market in that country, followed by the Mandalay brand.

"We are looking at Myanmar as the first priority in setting up a brewery in Asean. We consider Vietnam our second priority," Piti said.

The company sells about 40 million litres of beer to Myanmar each year, mostly through border trade, he said. It is waiting for the political situation there to stabilise before setting up the kind of sales and marketing operations it will need to do business seriously in the country.

Singha Corp is also in the process of selecting a local distributor in Vietnam. Its business there will begin with sales of beer exported from Thailand. The company is also conducting a feasibility study on setting up a brewery in Vietnam, examining both the market situation and return on investment. The company has already set up a team of staff in Cambodia to take charge of both on- and off-premises distribution, as well as the establishment of an office in the market.

Piti said the company was also negotiating the formation of a joint venture with one of the top beer-makers in Europe that would cover the whole market there. The talks will be finalised within the next one or two months. The joint venture will allow Singha Corp to reduce its transport and logistics costs, and boost its ability to compete with local rivals.

For the US market, the company has appointed Moosehead Brewery, Canada's oldest independent brewery, to produce Singha under an OEM (original equipment manufacturing) contract starting in October. Marketing and distribution of Singha beer in the United States has been conducted by its subsidiary Singha North America for almost 30 years.

Piti said the US and Europe accounted for about 30 per cent of the company's international market of 110 million to 120 million litres per annum, while Asia accounted for 65 per cent and the Middle East and Australia the rest.

"Export and international businesses now represent about 10 per cent of our total turnover, and we want to double that to 20 per cent by 2015," he said.

"We produce about 1.5 billion litres of beer per annum in total at our three breweries in Pathum Thani, Khon Kaen and Bang Len [in Nakhon Pathom] and will increase this by 100 million litres by the end of this year. We want to increase our production capacity to 2 billion litres within the next three years to support increasing demand in both the domestic and export markets."

Singha Corp expects to increase domestic sales of beer by 8 per cent this year, exceeding the growth forecast for Thailand's overall beer market, which is 4 per cent.

http://www.nationmultimedia.com/business/Singha-Corp-plans-Myanmar-brewery-30182796.html
 

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Japan to provide technical aid to Myanmar for development of capital market
(Shanghai Daily/Xinhua, May 31)


YANGON, May 31 (Xinhua) -- Japan will provide technical aid to Myanmar for the development of capital market, official media reported Thursday.

A memorandum of understanding on the technical aid has been signed between the Central Bank of Myanmar and the Daiwa Research Institute and Tokyo Stock Exchange of Japan in Nay Pyi Taw over the last two days, said the New Light of Myanmar.

According to Myanmar Minister of Finance and Revenue U Hla Tun, who is also chairman of the Capital Market Development Committee, Myanmar would establish stock exchange by 2015 under a blue print set out by the committee.

Myanmar has allowed the set-up of public companies in a bid to shape the capital market in development of market economy.

The Directorate of Investment and Companies is encouraging the public to invest their savings and capitals in each business sector of the public companies.

Public company applicants are advised to have at least seven initial holders, to sell unlimited shares to the public, to be an economically sustainable business, to employ skilled labor and to submit the name list to the institutions concerned.

Besides, applicants are also notified to advertise in dailies and other media start-up capital, business priorities, share portfolio, membership in first board of directors and qualifications, share transfer and dealing, profit sharing, audit and electing board of directors.

According to the directorate, the seed capital for public companies is set to be at least 500 million and monetary issues and securities are to be dealt under existing laws.

Moreover, monetary information compiled to international standard are to be publicized in dailies, journals and internet websites for public notice, it added.

http://www.shanghaidaily.com/article/article_xinhua.asp?id=74138
 

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Liberty, Equality, Frate
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Discussion Starter · #13 ·
 

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300 Baht a day for Burmese workers in Thailand - What a heck is this?! Is it about a time to use robots to replace workers?
 

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Discussion Starter · #15 ·
Myanmar to host WEF in 2013

The Nation June 2, 2012 1:00 am

Aung San Suu Kyi is among the audience when Energy Minister Than Htay delivers his speech.
Myanmar will host the World Economic Forum on East Asia next year, which it hopes will promote the country to potential investors and bring in badly needed foreign exchange.

Energy Minister Than Htay, who was in Bangkok on behalf of Myanmar’s Prime Minister Thien Sein, proudly unveiled the WEF's acceptance of Myanmar's invitation to the audience of the forum's Bangkok summit, which drew to a close yesterday.

Though Myanmar exports gas to Thailand, "we import other types of energy and petroleum products. All that needs hard currency," he replied to the question how the country handles foreign exchange income generated by the abundant natural resources.

As well, he said more income was necessary to allow his government to invest more on infrastructure projects.

In his 25-minute speech, Than Htay briefed business leaders on what his country has been doing and will do to ensure further political and economic reforms. Even as Myanmar's opposition leader Aung San Suu Kyi pressed for advances in the rule of law, he said the country was moving towards democracy and restoring the rule of law to ensure that citizens were living "in peace and stability".

He also outlined the steps that the government has been taking to put in place a political process for reconciliation, which he apparently hoped would assure all stakeholders that this process would be carried out in a "free, fair and transparent manner".

On the political front, he highlighted the releases of political prisoners and the amendments of laws to allow the formation of labour unions as well as to protect civilians' rights.

Than Htay said the bottom line was that all this would develop Myanmar's economy more quickly.

On the economic front, reforms and long-term projects are being planned to put in place a market economy, he said. For example, there are reforms to make it easy and convenient to get business licences. A new foreign-exchange regime has been temporarily put in place to facilitate trade and investment.

The government is also taking steps to reduce transaction costs. All in all, the private sector will be strengthened through outside help.

On privatisation, he assured his audience that the benefits would not fall into the hands of a small number of people. The reforms are not only aimed at boosting gross domestic product, but also living standards, he said.

While speaking on the special economic zone in Dawei, Than Htay said Myanmar was welcoming investment in industry as well as tourism.

Last but not least, Myanmar, which will be the chair of Asean in 2014, hopes to draw investment from those who want to cash in on the regional integration, he concluded.

http://www.nationmultimedia.com/business/Myanmar-to-host-WEF-in-2013-30183365.html
 

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India-Myanmar deals to benefit Kingdom


THE NATION June 8, 2012 1:00 am

India and Myanmar recently signed 12 memorandums of understanding (MoUs), including an aviation-services agreement, a US$500-million (Bt15.7 billion) credit line and a deal on border-area development.

According to the Thai Department of International Trade Promotion, the India-Myanmar MoUs also cover main-road development and improvement of a Tripartite Highway connecting India, Myanmar and Thailand. The agreements are part of India's "Look East Policy", which stresses trade, investment and tourism ties to Southeast Asia, Poom Sarapol, deputy minister of commerce, said yesterday.

If the Tripartite Highway is finished in 2016, Thailand will become a regional centre and India's main target in trade and investment terms. India will use Thailand as a base for expanding trade and investment ties to Southeast Asia, and Thailand will use the highway to transport goods though Myanmar into India.

"Thai trade can expand more in Southeast Asia. The Tripartite Highway is a way to support logistics-system development to reduce Thai entrepreneurs' costs," he said.

In the last three years, trade between Thailand and other members of the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation, or BIMSTEC, has expanded from $10.4 billion to $13.01 billion to $16.23 billion. In the first four months of 2012, total trade value was $5.30 billion - $3.28 billion of exports and $2.02 billion of imports. Thai-India trade had total value of $2.80 billion in the first four months of 2012; exports from Thailand were $1.78 billion and imports from India were $1.02 billion, said Poom.

http://www.nationmultimedia.com/business/India-Myanmar-deals-to-benefit-Kingdom-30183741.html
 

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Thailand’s PTTEP, Myanmar sign petroleum sharing contract

Naypyidaw, June 7 - Thai state-owned PTT Exploration and Production Plc (PTTEP) signed a petroleum sharing contract with the Myanmar government Wednesday.

Thai Energy Minister Arak Chonlatanon and his Myanmar counterpart U Than Htay on Wednesday witnessed the signing of a production sharing contract for two onshore petroleum blocks -- PSC-G and EP-2 in the Central Myanmar Basin, west of Naypyidaw.

The contract was signed by PTTEP, the Win Precious Resources Pte. Ltd., a Singaporean incorporated company and Myanmar Oil and Gas Enterprise.

The Thai energy minister said Thailand also has a project to produce electricity in the short run to support Myanmar due to the rapidly growing demand for energy in Myanmar and its hosting of Southeast Asian Games in Naypyidaw next year.

Tevin Vongvanich, PTTEP president and chief executive, said the two blocks encompass about 15,000 square kilometres and about US$24 million will be spent in the first three years of exploration.

The new energy source will be partly produced for domestic use in Myanmar.

After Myanmar opened the country, the European Union lifted its economic sanctions against Myanmar and the U.S. eased its restrictions on Myanmar, changes which are leading to more industrial investment and higher energy use in Myanmar.

In addition to the land-based exploration contracted yesterday, PTTEP plans to explore another three offshore blocks, M3, M9 and M11 in Myanmar waters, he added.

Pailin Chuchottaworn, chief executive officer of PTT Pcl, said his firm is also interested in opening gas stations in Myanmar and producing LPG cylinders to serve the country’s growing energy demand. (MCOT online news)

http://www.mcot.net/cfcustom/cache_page/373756.html
 

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10000 Kyat Banknotes will become a legal tender on 15 June 2012, after the introduction of 5000 kyat Banknote on 1 October 2009

There are 11 types of Kyat Banknotes in the markets: 50 Pyas, 1 Kyat, 5 Kyat, 10 kyat, 20 Kyat, 50 Kyat, 100 Kyat, 200 Kyat, 500 Kyat, 1000 Kyat, 5000 Kyat ....

Central Bank of Myanmar has floated kyat in the market - effectively alter the official exchange rate from 8.50 Kyat/Dollar to 830 Kyat/Dollar to be in line with black market rates while the central bank has allowed 11 private banks in Myanmar to run the foreign exchange services on 1 October 2011 to unify the exchange rates.

http://www.manager.co.th/IndoChina/ViewNews.aspx?NewsID=9550000071039
 
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