Govts vow to front Dawei funds

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Italian-Thai says local investors wary of project

Published: 18 Dec 2012 at 00.00
Newspaper section: News

The Thai and Myanmar governments agreed to raise funds to finance the development of the massive Dawei deep-sea port and special economic zone project during a key meeting in Myanmar Monday.

Prime Minister Yingluck Shinawatra got the full red-carpet treatment by President Thein Sein for her visit to Dawei (Tavoy) in Myanmar on Monday. (Photo provided by Government House)

Prime Minister Yingluck Shinawatra and her delegation, including 40 Thai businesspeople, visited Dawei city in Myanmar to inspect the sites of the development projects.

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jrthailand
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Discussion 15 : 18 Dec 2012 at 17.5015
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I wonder how many billions you know who is going to make off of this while the Thai people pay for it with their tax money!
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kena
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Discussion 14 : 18 Dec 2012 at 09.2414
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I get an uneasy feeling when I see a bunch of business suits using other peoples' money to build giant commercial projects. Sorry to say it, but Asian leaders all flunk when when it comes to environmental and humanitarian concerns.
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bkk-farang
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Discussion 13 : 18 Dec 2012 at 08.1013
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Thaksin has still a court case waiting for him because he increased a credit to Burma so that they will buy a satellite from Thaksin’s company. Somehow this new project seems similar. As long as Thaksin does not return to Thailand he can’t be prosecuted for this special deal and the current Shinawatra government tries hard to whitewash him so that he never has to stand trial.
When will Thais learn that the Shinawatra clan is stealing money from them constantly? When will this stop?
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amazed
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Discussion 12 : 18 Dec 2012 at 08.1012
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Wow! Someone really has the party line down pat. Complete with glittering generalities and just a teeny, tiny stretching of the facts.
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franklin
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Discussion 11 : 18 Dec 2012 at 07.5811
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Thai schools are in the dark ages, 2G is the standard, floods occur daily, there are not enough security personnel in the south where Thais are slaughtered daily, the Thai SRT is only slightly ahead of the long neglected Burmese rail BUT forget all that because, “Prime Minister Yingluck Shinawatra opened a new dispute with a promise to President Thein Sein to use Thai taxes to guarantee the increasingly controversial project”. Change the party name to Thai Rak Burma!
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amazed
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Discussion 10 : 18 Dec 2012 at 07.2510
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Seems most people on here haven't been impressed with the Shinawatra's altruistic nature in the past. Or their concern with being a good neighbor. Too much of a coincidence to not question motives here.
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Eric
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Discussion 9 : 18 Dec 2012 at 07.239
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Thailand is fortunate to have a long established economic relationship and is gaining from Mynmar opening. Leaders from USA, China, Japan and South Korea are making a beeline to Mynmar and offering soft loans and a piece of Her economic potential. Yingluck assurance of finance is necessary to Consolidate Thailand relationship and ensure Thailand continue to play a major influence in Mynmar development. It's necessary and strategic.
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brilliant
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Discussion 8 : 18 Dec 2012 at 07.018
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wot- Good point. Yingluck would not be doing this if the Shinawatra family did not stand to gain somehow.
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pete
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Discussion 7 : 18 Dec 2012 at 06.477
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"The project won't benefit Myanmar much, but mainly Thailand."

Probably the reason that Max Myanmar Group, Burma’s largest conglomerate, pulled out its 25% stake in the project.
One cannot go on exploiting neighbouring markets just for Thai benefit.
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oldairman
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Discussion 6 : 18 Dec 2012 at 06.446
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D5 I am not even sure that it will be Thai tax money that pays for it as at the moment the government borrowing is pushing towards the limits.
When private investment is wary and the burmese government doesn't have that much either the Thai government under PTP wants to help a foreign government to the detriment of its own people.
Potential Myanmar investors are also wary, according to a businessman in Yangon who did not want to be named. "We dare not invest there because of the costs. We would have to pay Thai salary rates," he said. Now that's not going to do much for the loacl economy.
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Govts vow to front Dawei funds | Bangkok Post: news