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NEW UPDATES Asean Affairs  7 May  2015  

UOB bank to help industrial sectors in Myanmar

Singapore’s United Oversea Bank will help develop Myanmar’s energy, manufacturing, construction and tourism services, officials told Mizzima on May 4.

UOB plans to expand its operations across Southeast Asia providing banking services to investors to help develop Myanmar’s economy, said UOB manager for Myanmar, Harry Loh.

He added: “We already have a strong relationship with foreign investors who want to do business in Myanmar. We can create more job opportunities in Myanmar.”

The bank will supply services such as money lending to organisations, investing in trade and other projects, offer money-managing techniques to groups and assist local banks.

Local banks are willing to cooperate with international banks so foreign businesses can thrive in Myanmar.

McKinsey Global Institute, a business and economic research group, projected that for the development of the economy within the next 15 years Myanmar will need US$4.8 billion and out of that amount, US$2.4 billion will be used to develop basic infrastructure.

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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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