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NEWS UPDATES Asean Affairs   May 14, 2018  




Economy grows on strength of exports, tourism and agriculture

Yangon Region Chief Minister Phyo Min Thein said on May 9 that he expects there to be more investment in the real estate, apparels and transport sectors.

He was speaking at the Yangon Investment Forum (YIF 2018).

Chairman of Yangon Region Investment Committee (YRIC) Phyo Min Thein also told media, “We have many people who need housing. If they get long term loans with affordable interest rates they don’t need to stay on the roadside. They can live in these housing projects. This is not a problem only for our country. ASEAN countries have had such experiences between the 1950s and 1970s. So we hope housing projects including low cost, affordable and high cost come here very soon.”

CM Phyo Min Thein clarified his economic aspirations in five sectors namely Trade and Logistics, Industrial Development, Urban Public Transportation Development, Sustainable Urban Development and Energy Sector Development.

He added that factories in the labour intensive garment industry will arrive in Yangon Region and he would try to change the garment industry from the current production of on job orders to garment manufacturers.

Phyo Min Thein said, “There will be a likelihood of an increase in investment in the transport sector. We had more investment last year too because there were many new companies in the Yangon Bus Service (YBS). This is a vivid increase in investment. Similarly we will have an increase in investment in other sectors.”


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ASEAN NEWS UPDATES      Updated: 04 January 2011

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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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