Myanmar ripe for Thai investment, says envoy

Thai businesses should take a more aggressive approach to penetrating Myanmar before other investors get too far ahead, according to Thailand’s ambassador to Myanmar, Visanu Suvanajata. Although Thailand and Myanmar are neighbours, Thai investment in the country remains small with fresh investment pouring in at slower pace compared with other countries. “Thai investors should hurry […]

Investors eye Myanmar’s rich potential for rice growing

MYANMAR may go back to being one of the world’s major rice exporters in five to 10 years, as many Thai and foreign investors are looking to expand in rice mills and farms in the country. Thai traders and experts all believe that Myanmar has great potential to become a major rice producer in the […]

Thais can gain from Myanmar tourism plans

THAI INVESTORS can reap rewards from Myanmar’s aggressive tourism initiative, despite its potential to provide stiff competition for Thailand’s tourism plans, according to Zicolaw (Thailand). “Myanmar is outstanding in the hospitality sector in terms of quality of natural destinations, especially its long beaches. But it is still limited in terms of accommodation and food,” executive […]

Old soldiers to meet as Thai PM makes Myanmar his first foreign visit

BANGKOK – When retired general Prayuth Chan-ocha lands in Myanmar on Thursday, his first overseas trip as Thailand’s new prime minister, he can expect a little love and a lot of understanding. Prayuth, 60, led a military coup that toppled the elected government of Prime Minister Yingluck Shinawatra on May 22. His junta has detained […]

More Thai investors eyeing to enter Myanmar despite concerns

Officials at the Royal Thai Embassy in Yangon say business people from their country will not hesitate to invest in Myanmar’s swiftly expanding economy as it presents immense opportunities despite some concerns. The fact that the two countries share a 2,400 kilometre-long border presents an opportunity for increased border trade as the launch of the […]

Thai investors eye opportunities

Thai businesses are continuing to eye Myanmar opportunities, downplaying concerns the country’s political situation may slow investment here. Several Thai business delegations visited Yangon last week looking to expand in the fast-growing economy, though some experts added further reforms in Myanmar are required to attract investment. Thailand investment will reach US$100 billion in the next […]

Bangkok Bank Pledges to Bring Thai Investors to Myanmar

YANGON — Thailand’s Bangkok Bank, one of 25 foreign institutions awaiting permission to operate in Myanmar, has said it will bring more Thai investors into the country. One of Thailand’s four largest banks, Bangkok Bank has had a representative office in Yangon since 1994. Speaking in Yangon on Friday, Bangkok Bank Executive Vice President Chaiyarit […]