Thai en­trepreneur­s urged to move fast in Myan­mar

Mizzima Business Weekly - - AFFAIRS // COMMENTARY - Cour­tesy of the Bangkok Post

Thai en­trepreneur­s should tap Myan­mar’s high growth po­ten­tial, say Thai busi­ness lead­ers. How­ever, com­pe­ti­tion has grown in­tense as Myan­mar wel­comes other for­eign in­vestors, forc­ing some Thai busi­nesses to seek lo­cal part­ners in or­der to make it eas­ier to do busi­ness there.

“Although Myan­mar is open to for­eign in­vestors, laws and reg­u­la­tions are still not sta­ble and can be changed any time. So in­vestors should find lo­cal part­ners in or­der to help un­der­stand the chang­ing busi­ness and po­lit­i­cal cir­cum­stances in Myan­mar,” said Pan­i­tarn Pavarolavi­dya, chair­man of the Thai-Myan­mar Busi­ness Coun­cil.

SET-listed Mill­con Steel Plc was one of the first Thai busi­nesses to seek a lo­cal part­ner be­fore in­vest­ing in fac­to­ries to serve ris­ing de­mand due to huge in­fra­struc­ture projects in Myan­mar. in the com­ing years,” Mr Pan­i­tarn

Mill­con set up a US$15-mil­lion added. joint ven­ture in Thi­lawa’s spe­cial Kri­angkrai Kan­janapokin, eco­nomic zone and has de­vel­oped co-chief ex­ec­u­tive of ma­jor events all in­fra­struc­ture to be ready for provider In­dex Cre­ative Vil­lage Plc, in­vest­ment, pres­i­dent and chief said com­pe­ti­tion in Myan­mar was ex­ec­u­tive Sittichai Lee­sawad­trakul fierce. said. Many for­eign in­vestors are now

The joint ven­ture is 45% owned tap­ping the grow­ing de­mand, he by Mill­con, with Thai Gen­eral En-said. gi­neer­ing Con­struc­tion Plc hold­ing With ris­ing com­pe­ti­tion, Thai45% and lo­cal part­ners 10%. land ranks as Myan­mar’s sixth-larg

Mr Pan­i­tarn said steel con­est in­vestor, fall­ing from sec­ond sump­tion in Myan­mar re­mained place in re­cent years. low at 2-3 mil­lion tonnes an­nu­ally. “Thai in­vestors have spent too

How­ever, there is plenty of much time dither­ing, and that’s room to grow with the gov­ern­made us lose our first-mover ad­ment ac­cel­er­at­ing in­vest­ment in van­tage,” Mr Kri­angkrai said. con­struc­tion and in­fra­struc­ture “Now there are many in­vestors projects, sig­nalling de­mand for in­clud­ing Ja­panese, Chi­nese and con­struc­tion steel will rise sharply, Sin­ga­pore­ans whom we have to he said. com­pete with.”

“We have pre­pared land for fac­tory ex­pan­sion in the Thi­lawa SEZ, as we ex­pect de­mand will in­crease

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