ITD jumps on Japan’s project interest | Bangkok Post: business

Business > News

ITD jumps on Japan’s project interest

- +

BANGKOK - Italian-Thai Development Pcl (ITD), Thailand’s biggest construction company by sales, rose to the highest level in more than two years after Japan expressed interest in partnering the company in a Myanmar port project. 

The shares climbed 3% to 5.20 baht as of 12.11pm in Bangkok trading, on course for the highest close since November 2010. The stock earlier jumped as much as 5%. Thailand’s benchmark SET Index (SET) added 0.8%.

Japan's government may invest and become the strategic partner in the development of a deepsea port and industrial estate at Dawei in Myanmar, Prime Minister Yingluck Shinawatra said Thursday after meeting Japanese Prime Minister Shinzo Abe in Bangkok. The move will ease concerns about the project’s funding and boost its viability, according UOB Kay Hian Securities (Thailand) Pcl.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

1 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments