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Why Myanmar is important to Japan

From the Thilawa Special Economic Zone (SEZ) to a large-scale mixed development project just opposite Shwedagon Pagoda in the heart of Yangon City, Japan’s presence in Myanmar is growing fast. Since 2012, its combined investments in Thilawa and that approved by the Myanmar Investment Commission (MIC) have risen by 6.3 times, to US$341 million in […]

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Philippines: Ecozone investments surge 89% in 7 months

MANILA, Philippines – Investment pledges approved by the Philippine Economic Zone Authority (PEZA) continued to rise significantly, buoyed by optimism on the current administration and the country’s sound economic fundamentals. PEZA director general Charito Plaza said yesterday projects approved by the agency soared 89.4 percent in the seven months to July to P132.66 billion from […]

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Thailand: New tax worries private players

The private sector remains concerned about a draft bill on the land and buildings tax, particularly about a provision that lets local authorities handle price appraisals, which may result in inconsistent treatment. They are also worried about the readiness of local administrations in terms of the number of staff to perform the various duties such […]

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Thailand: Personal debt still hampers spending

Even though household debt has been quite stable, massive leverage will continue to weigh on economic growth over the next few years, warns a high-ranking official at the Bank of Thailand. “The problem of high household debt remains with us, and I think it will remain a drag on consumption for the next few years,” […]

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Thailand ‘still 8 years from EV era’

Various Japanese organisations expect electric vehicles (EVs) to be commercially available in Thailand by 2025 when all of the required infrastructure, facilities and technology has been put in place. Satoshi Nishino, director of the automotive bureau at Japan’s Ministry of Economy, Trade and Industry, said Thailand is developing the technology and infrastructure to support the […]

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