Ital-Thai's Failed Myanmar Venture
Category: Real estate, Posted:14 Dec 2013 | 06:00 am
The cloud hanging over the head of Thai group Ital-Thai's massive infrastructure development in Dawei Myanmar, which has been pulled, has created a challenge for the overseas investment sector.
While the project was announced to much fanfare, the mega project has been unable to obtain financing.
As Myanmar's economy continues to seek broad market reforms the lack of liquidity and a capital market has muted what had been hoped as a fast track to cash in on positive sentiment.
It's unclear what will become of Ital-Thai's existing concession agreement with the government.
Phuket Hotels Association Online Travel Auction Now OpenCategory: Hotels, Posted:14 May 2023 | 09:56 am The annual non-profit Phuket Hotels Association Absolutely Fabulous Online Travel Sale is now up and running. CLICK With nearly 200 hotel travel and dining deals across Thailand, Asia the globe, all proceeds go to the education scholarship fund of PHA. Over 45 Thai hospitality students are now supported by the fund and these are the […]