In a vast convention centre in Naypyidaw, Myanmar’s sprawling and eerily empty capital, prospective investors listened politely as local companies pitched opportunities and government officials spoke of the country’s vast economic potential.
Southeast Asia is a growing region with countries here averaging growth rates of 5.1 percent. This situation has rightly prompted a rise in energy demand within the region.
High level executives, investors or professionals in industries of the future like aerospace, automation and biofuels can now live and work in Thailand under a new visa scheme called the SMART visa.
Foreign investors, used to double-digit returns from Indonesian stocks, are suddenly deserting equities in favour of bonds following a sovereign rating upgrade and the central bank’s signal that it’s open to more interest rate cuts to spur growth.