Myanmar Coup Means Huge Losses for Thailand’s Border Trade
Myanmar Coup Means Huge Losses for Thailand’s Border Trade
Armored personnel carriers and military trucks patrol in Mandalay on Feb. 3, 2021. / Zaw Zaw / The Irrawaddy
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By The Bangkok Post 3 February 2021
Thailand is estimated to forgo about 50 million baht (US$1.66 million, 2.21 billion kyats) a day from inconvenient transportation of goods and strict security checks by Myanmar’s military administration.
According to Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce, the impact would amount to more than 1.5-2 billion baht a month if tight security inspections continue.
The Inside Story of Thailand and Myanmar’s Troubled Dawei Mega-Project
A truck passes by a sign on a road leading to a deep seaport project in Mayingyi, part of the Dawei Special Economic Zone development, on Jan. 27, 2012. / Soe Than WIN / AFP
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By Thai PBS World 26 January 2021
Myanmar’s long-delayed Dawei mega-project experienced yet another setback after contracts with Thailand’s construction giant Italian-Thai Development were canceled recently.
The ambitious, but controversial Dawei Special Economic Zone (DSEZ) project seeks to transform the sleepy coastal town into Southeast Asia’s largest industrial and trade zone – covering an area of about 200 square kilometers and incorporating a deep seaport the size of Thailand’s Laem Chabang.
Prayut set on repairing cancelled Dawei contract
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published : 20 Jan 2021 at 07:00
19 Italian Thai Development received a notice of termination for seven concession agreements from the Dawei Special Economic Zone Management Committee.
Thailand remains committed to the Dawei development project, despite a recent setback on SET-listed Italian Thai Development s (ITD) concession termination, says Prime Minister Prayut Chan-o-cha.
On Friday, ITD submitted a request for the government s help to the prime minister after the Dawei Special Economic Zone Management Committee (DSEZ MC) sent a notice of termination for seven concession agreements at the Dawei special economic zone (DSEZ) to five project companies, in which ITD had partial ownership.
ITD seeks state help over Dawei issue
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published : 16 Jan 2021 at 04:00
5 ITD received a notice of termination for seven concession agreements from the Dawei Special Economic Zone Management Committee.
SET-listed Italian-Thai Development Plc (ITD) submitted a request for government help on Friday to Prime Minister Prayut Chan-o-cha after the Dawei Special Economic Zone Management Committee (DSEZ MC) sent a notice of termination for seven concession agreements at Dawei special economic zone (DSEZ) to five project companies in which ITD has partial ownership.
Speaking after meeting with the prime minister, Deputy Prime Minister Supattanapong Punmeechaow, chairman of the Thai-Myanmar Joint High-Level Committee (JHC) for the DSEZ, said he told Gen Prayut about possible procedures for the government. He is awaiting a response from the Finance Ministry and related agencies in handling the issue.