When Kulthirath Pakawachkrilers had to convince yet another Chinese investor that business was still a good bet in Thailand despite the political upheaval, she knew it was going to be a tough sell.Companies once considering investing in Southeast Asia’s second-largest economy were now looking at other options – and the uncertainty surrounding the aftermath of the elections was driving much of the concern, said Kulthirath, chief executive officer of the Thailand e-Business Center, which advise
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.Yet in the hallways, conversations drifted toward one topic: A military-led crackdown that drove more than 700,000 Rohingya Muslims from the country, prompting allegations of genocide and threats of renewed economic penalties from the United States (US) an
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. Between 2000 and 2016, economic growth in the region spurred a 70 percent increase in primary energy demand.
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.
As the U.S. and Europe grow increasingly outraged over the Rohingya refugee crisis in Myanmar, Asian businesses are continuing to invest.Bangkok-based construction company TTCL Pcl is one of the latest examples, targeting the first half of next year to complete a funding plan and shareholder structure for a planned three billion dollar coal-fired power plant in Kayin state bordering Thailand. The U.S.
Indonesia needs to boost government revenue to win a credit rating upgrade like India, Moody’s Investors Service said.“The challenge for Indonesia is not so much curbing spending but raising revenues,” Anushka Shah, Moody’s sovereign analyst in Singapore, said in an emailed response to questions.
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.