Burma : Thailand top investor in Myanmar

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Thailand top investor in Myanmar

BANGKOK, April 23 (TNA) – Thailand is the top investor in Myanmar, with Britain and Singapore coming second and third, according to the Board of Investment (BoI), a Thai government agency.

Wassana Mututanond, BoI investment advisor, said Myanmar is one of many destinations where Thai businesspersons have an opportunity to invest. Thailand has invested US$7.41 billion in Myanmar between 1988 and 2009, making it the top investor in the country in terms of investment value.

Of the total value, 81.7 per cent is invested in the power business, 8.33 per cent in the manufacturing industry, and 3.1 per cent in the hotels and tourism sector.

She said industries that give Thai investors opportunities to invest in Myanmar include agriculture, processed foods, leather, precious stones and mining, and tourism.

Regarding a plan to hold investment promotion actiivities abroad in Fiscal 2010, she said BoI is set to conduct 13 events and activities both locally and overseas.

In addition to holding seminars, BoI will focus on providing information and consultancy services and will help create a state- and private-sector network and encourage business matching.

mcot.net

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