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Myanmar: Decentralise and let regions and private sector develop infrastructure: WEF takeaways

World Economic Forum on ASEAN 2017 Key lessons from the World Economic Forum on ASEAN include tapping in the private sector when making infrastructure policies and decentralisation. The regional governments and private sector should be able to carry out small-scale infrastructure projects related to regional trade. The Myanmar Times asked Khin Maung Win about the […]

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Thailand: Economy expected to drive car sales this year

Thailand’s domestic car sales are expected to grow at a healthy rate of 10% this year to 845,000 units, driven by improving sentiment for consumption and a growing economy, says Inter-Media Consultant Co, the organiser of Thailand International Motor Expo. President Kwanchai Paphatphong said the local car market showed significant growth in the first four […]

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Thailand: Baht upheaval carries across industries

Agriculture, electronics, and food and drink have been hit hardest by the baht’s 6% year-to-date appreciation, according to Asia Plus Securities (ASP). Porranee Thongyen, ASP’s head of research, said the stronger than expected baht hurt exporters like Sri Trang Agro Industry Plc, which earns most of its income in US dollars and mostly baht-denominated expenses. […]

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Thai ‘reluctance to invest abroad’ said to boost baht

If recent history is anything to go by, argue some, letting Thais invest more money abroad is unlikely to spur major outflows, and that will mean continued firmness for the baht currency – and continuing frustration for Thai exporters. Authorities in Thailand, which has large current-account surpluses, are trying to get citizens to invest elsewhere, […]

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Singapore, Myanmar to explore more tie-ups for firms in areas like urban solutions, transport & logistics

SINGAPORE – International Enterprise (IE) Singapore signed a memorandum of understanding (MOU) with the Myanmar Investment Commission (MIC) on Thursday (June 8) that will open doors for more Singapore companies to explore collaboration in urban and housing solutions, utilities, transport and logistics, manufacturing, oil and gas and professional services. The MOU was signed by IE […]

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