Sign up | Log in



Home  >>   Daily News  >>   Thailand  >>Companies  >> Saha cancels Myanmar estate
NEW UPDATES Asean Affairs  12 June 2015  

Saha cancels Myanmar estate

Saha Group, the country's leading consumer product conglomerate, has scrapped plans to set up an industrial estate in Myanmar, citing high land prices in the neighbouring country.

Chairman Boonsithi Chokwatana said the group decided not to develop its own industrial park on a 1,000-rai plot in Myanmar after studying the project's potential for a few years.

"It won't work to develop our own industrial park over there due to the high investment cost," he said. "The land is very expensive."

If the group had not cancelled the industrial park, it would have had to spend a great deal of money just to lease the land for 30 years.

Saha Group has altered its business strategy in Myanmar by renting some land for factories at an industrial park to be jointly developed by Japanese investors and the Myanmar government.

The group will also use existing facilities in Tak's Mae Sot district as a trading centre for Thailand and Myanmar.

Mae Sot has been chosen for one of the new special economic zones.

Saha has three textiles factories on a 200-rai plot in Mae Sot for making lingerie, apparel and socks.

Although the Thai economy is slowing, the group will continue to explore the domestic market with a series of fresh investments including a property development and logistics effort with Japanese investors worth 200-300 million baht.

Boonkiet Chokwatana, executive chairman of I.C.C. International Plc, a subsidiary of Saha Group, said the group would remain committed to investment in Thailand.

The company will sign an agreement with Tokyu Corporation to co-develop Harmonique Residence Sriracha, a 180-room serviced apartment building near the J-Park community mall in Chon Buri's Si Racha district.

Construction has begun and will finish by year-end, targeting Japanese residents.

"Consumer purchasing power is not back to normal," Mr Boonsithi said.

"Using only low interest rates is not enough to stimulate the economy. So far we are satisfied with the performance of the Prayut Chan-o-cha government, particularly the corruption crackdown. We want him to stay for another two years."

Saha Group yesterday announced the 19th Saha Group Fair would take place from June 25-28 at the Queen Sirikit National Convention Center in Bangkok.

More than 1,000 booths of specially priced products will offer complimentary home-delivery service.

Saha Group expects full-year sales on a par with last year's 300 billion baht.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           June 12 , 2015 Subsribe Now !
• Thai bourse market report for May 2015 Subcribe: Asean Affairs Global Magazine
• Saha cancels Myanmar estate
• Indonesia’s new roadmap for Islamic finance boost
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Third annual Myanmar Hospitality and Tourism Conference attracted more than 200 delegates
• ASEAN needs to reform aviation rules 
Asean Analysis                   June 12, 2015
• Asean Analysis June 12, 2015
Tackling Southeast Asia’s Migrant Crisis
Advertise Your Brand

Asean Stock Watch  June 11,   2015
• Asean Stock Watch-June  11, 2015
The Biweekly Update
• The Biweekly Update June 12, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


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






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand