Reposted from Mizzima News
Myanmar is on course for a big jump in textile exports to Europe following the return of trade privileges by the European Union (EU), according to the Thailand Textile Institute.
The lifting of the ban on Myanmar under the EU’s Generalised System of Preferences (GSP) would rapidly drive up Myanmar’s exports of textiles, it said. The institute did not predict the size of the increase, but said it would be significant.
Myanmar’s textile exports rose 18% last year over 2011, totalling US$946 million (27 billion baht).
The EU reinstated trade benefits to Myanmar on April 22 in the wake of democratic reforms after years under the rule of a military junta. Garments are a key industrial sector of the country. Myanmar was struck off the GSP list in 2003 to a protest against the country’s dictatorship. More…
Myanmar Deputy Minister for Electric Power Aung Than Oo, fourth left, and Supasit Skontanarat, Green Earth Power (Thailand) managing director, right, on Thursday signed a memorandum of understanding for Myanmar
Reposted from The Nation
By Kwanchai Rungfapaisarn
210MW to come onstream in less than two years
Myanmar will host the world’s third-largest solar power plant within 21 months, providing the country with an extra 210 megawatts of electricity to satisfy industrial needs.
Green Earth Power (Thailand), the developer of the power plant, on Thursday signed a memorandum of understanding with Myanmar’s Ministry of Electric Power for the country’s first solar power plant. Total project value is US$275 million (Bt8.15 billion).
Paul Bernard Yang, president and chairman of GEP, said the company would sign the power purchase agreement (PPA) with the Ministry of Electric Power within the next 90 days.
The solar plant is scheduled to be completed within 18 months after the PPA is signed and would have the capacity of 210MW to produce up to 350 million kilowatt-hours. More…
Reposted from the National News Bureau of Thailand
by Suwit Rattiwan
BANGKOK, 28 April 2013 (NNT) – Thailand’s leading energy explorer is considering an investment plan in Papua New Guinea although the company has conceded that more time is needed before a conclusion is drawn.
Mr. Tevin Vongvanich, President and Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), revealed that the company’s investment feasibility study has been underway in Papua New Guinea. More…
Download your FREE copy of the Capitalist Exploits Frontier Markets Report to learn how to invest in the world’s fastest growing countries.
EmergingFrontiers: Chris Tell and Mark Wallace from CapitalistExploits.com have been slogging it out in frontier markets for over a decade, and writing about them weekly for over 3 years now. I reached out to Chris recently to chat about their upcoming Meet Up in Phnom Penh April 24-26.
(The signup link for the conference can be found at: http://www.capitalistexploits.at/cambodia-boots-on-the-ground-meet-up) More…
Leopard Cambodia Fund has invested in a Thai company that produces kenaf
Phnom Penh, Cambodia – Leopard Capital LP announced today that Leopard Cambodia Fund LP has invested in Engage Resources (Thailand) Co. Ltd. (“Engage”), a producer and developer of kenaf-based products. Kenaf is a fibrous plant used in the animal feed, construction, and paper & pulp industries. Leopard Cambodia Fund’s investment provides growth capital required for Engage to continue its product development and to expand its operations from Thailand into Cambodia. This growth capital injection will contribute to Engage’s product development, add value to its core business, and assist its regional expansion by drawing on Leopard’s local experience and networks. More…
Reposted from The Phnom Penh Post
By Low Wei Xiang
7-Eleven will be entering the Cambodia market by 2015
Thailand’s biggest convenience store operator, CP All, plans to apply for licences to open 7-Eleven stores in countries including Cambodia by 2015, according to a Reuters news report yesterday. More…
Reposted from Fox Business
By R. Jai Krishna
If Bharti Airtel does get a license, Myanmar will be its third South Asian market outside of India
“We have sent our expression of interest in acquiring a mobile phone services license to the Myanmar government,” the executive, who asked not to be named, told The Wall Street Journal. More…
Reposted from TRweekly
By Wanwisa Ngamsangchaikit
Investments from Singapore are the highest in the hotel industry at about US$597 million
BANGKOK, 21 January 2013: Association of Thai Travel Agents says Myanmar will become Thailand’s main tourism competitor over the next five to 10 years. More…
Reposted from The Wall Street Journal
By MITSURU OBE
Last month, Japan won a contract to develop Thilawa, one of the three pioneer special economic zones in Myanmar
THILAWA SPECIAL ECONOMIC ZONE, Myanmar—Taro Aso, a week after becoming Japan’s new finance minister, put aside pressing domestic issues for a trip to Myanmar to cement Tokyo’s role in the largely untapped market, part of an effort to diversify from Japan’s exposure to China. More…
Reposted from The New York Times
3 projects involving Chinese companies in Cambodia totaling $11.2 Billion
PHNOM PENH — Two Chinese companies have reached a deal to build a 400-kilometer rail line, a steel plant and a seaport in Cambodia, worth a combined $11.2 billion, in what would be by far the impoverished country’s biggest-ever investments. More…