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SEA Trade and Travel News: import-export opportunities and travel news.
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Myanmar is ripe for growth, but hazards await the unwary

Myanmar is ripe for growth, but hazards await the unwary | Trade and Travel in South East Asia | Scoop.it

"Not since Deng Xiaoping used the words "get rich" and "glorious" in the same sentence has Asia offered such a juicy business opportunity as Myanmar (as the world is slowly adjusting to calling Burma) presents today. For the first time in half a century, everyone who matters – the Burmese government, Aung San Suu Kyi, the EU, the US – is united in believing that foreign trade and investment are a good idea."

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Thailand To Keep VAT At 7%

"Thailand’s government has decided to postpone the planned increase in the value added tax (VAT) rate by two years to help stimulate the consumer spending and private sector investment, which are essential for the recovery of the country’s economy."

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Banks compete for deposit as liquidity tightens - The Nation

"Commercial banks have stepped up their competition for deposits since the second quarter, as liquidity has tightened, said a central bank official."

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'Sector may be heading for disaster'

'Sector may be heading for disaster' | Trade and Travel in South East Asia | Scoop.it

"Rice industry, already lost the title of world's top exporter to India, is heading for disaster in the next few years due to a lack of proper strategic management of the rice-pledging scheme and the country's exports, the Thai Rice Exporters Association said yesterday.

 

As of July 10, India had eclipsed Thailand as the world's largest rice exporter, with year-to-date overseas shipments of 3.61 million tonnes.

 

Thai exports in the period slumped by 45.8 per cent to 3.6 million tonnes, while Vietnam is breathing down the Kingdom's neck in third place with an impressive 3.52 million tonnes.

 

This is the first time in half a century that Thailand has lost its position as top rice-exporting nation."

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Thai-Laos rail link to be extended | Bangkok Post: travel

Thai-Laos rail link to be extended | Bangkok Post: travel | Trade and Travel in South East Asia | Scoop.it

"The Thai government has approved a 1.6 billion baht budget to help the Lao government extend the railway service from Tha Na Laeng to Vientiane."

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Crazy, beautiful and just plain wacky: 9 fantastic Thailand festivals

Crazy, beautiful and just plain wacky: 9 fantastic Thailand festivals | Trade and Travel in South East Asia | Scoop.it
As Thailand’s annual candle carving festival begins, we look at the country’s unique, and sometimes bizarre, celebrations.

Via All Points East
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Expert: Clinton Tries to Dampen Fears of China 'Rivalry' in Southeast Asia Tour

Expert: Clinton Tries to Dampen Fears of China 'Rivalry' in Southeast Asia Tour | Trade and Travel in South East Asia | Scoop.it

"This week Voice of America reported that U.S. Secretary of State Hillary Clinton’s trip to Southeast Asia revealed a “change in the focus of American policy” in the area which involved moving emphasis away from security and defense to more wide-ranging diplomacy including trade and investment."

 

Asia Society's Suzanne DiMaggio tells media outlets that Hillary Clinton's focus in Southeast Asia shows the U.S. is interested in touting its non-military interests in the region.

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Exports up 7.7% in May | Bangkok Post: business

Exports up 7.7% in May | Bangkok Post: business | Trade and Travel in South East Asia | Scoop.it

Reports of this nature should never be taken at face value; be sure to read the comments at the end of the article.

 

"Latest export data have brightened up the government's hope of achieving the 15% export growth target this year despite concerns about the impact of the euro-zone crisis on the Thai economy."

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The master plan for Myanmar: Asia Times Online: Bertil Lintner

"Myanmar is winning more foreign friends while international criticism of the current and previous government's abysmal human rights records has all but ceased. Old adversaries in the United States and European Union have scrapped - or are planning to scrap - economic sanctions against the regime, and big-time multinational companies are preparing to lunge into what many seems to believe is Asia's last investment frontier."

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Guest Post: Helmets and Guns | nerd's eye view

Guest Post: Helmets and Guns | nerd's eye view | Trade and Travel in South East Asia | Scoop.it

"The experiences of travel, over time, blend together into a hazy mosaic of sunrises and sunsets, curries and salads, aromas and stenches; but then two guys try to murder you in northern Laos, and that doesn’t really blend with anything."

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AirAsia X Launches Empty Seat Option

AirAsia X Launches Empty Seat Option | Trade and Travel in South East Asia | Scoop.it

"AirAsia X and its technology partner, Optiontown, have launched a new service, called Empty Seat Option (ESo), which offers passengers travelling in Economy an option to get all three seats in a row for a nominal fee."

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2011 floods slash GDP to 1%: Thai central bank

2011 floods slash GDP to 1%: Thai central bank | Trade and Travel in South East Asia | Scoop.it

"BANGKOK, Feb 3 – The Bank of Thailand (BoT) on Friday cut the country’s 2011 economic growth to just one per cent from the earlier projected 4.1 per cent thanks to the heavy blow of the flood crisis last year, but the economy is expected to grow 4.9 per cent this year and 5.6 per cent in 2013."

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What’s in a name – Burma or Myanmar? | Travel Wire Asia

"Mark Farmener, of Burma Campaign UK, says: “Often you can tell where someone’s sympathies lie if they use Burma or Myanmar. Myanmar is a kind of indicator of countries that are soft on the regime."

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Thai sweet longans get sweeter for growers

Thai sweet longans get sweeter for growers | Trade and Travel in South East Asia | Scoop.it

"Thailand is enjoying its largest volume of longan exports in 20 years, with orders expanded from the traditional market of China to Malaysia, Indonesia, Singapore, Taiwan and Vietnam, according to the Commerce Ministry.

 

Historically longans have been grown in Thailand's northern region, but the eastern province of Chanthaburi has recently emerged as a significant cultivation area for the round-shaped brown fruit."

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Burma looking to become world’s No. 1 rice exporter

Burma looking to become world’s No. 1 rice exporter | Trade and Travel in South East Asia | Scoop.it
Burma could be poised to reclaim its No. 1 position as the world’s top rice exporter, perhaps within three years, say officials, if all goes well. Burma was the world's top rice exporter in the 1960s.
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Travel films on Southeast Asia

Travel films on Southeast Asia | Trade and Travel in South East Asia | Scoop.it

"A collection of the best travel films on Southeast Asia."

 

 

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Exporters face more non-tariff measures

"Thailand and other developing countries have been facing more and more non-tariff measures (NTMs) imposed by developed economies, and the trend is on the rise, Thai trade experts and economists have told the World Trade Organisation.

 

Speaking yesterday at the Asian launch of the World Trade Report 2012 in Bangkok, Cosimo Beverelli, economist at the WTO's economic research division, said the report examined why and how governments use NTMs, including domestic regulation of services. Such measures can serve legitimate public-policy goals, such as protecting the health of consumers, but they may also be used for protectionist purposes."

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7 myths about traveling in Thailand

7 myths about traveling in Thailand | Trade and Travel in South East Asia | Scoop.it
Not everyone is out to scam you. Nor is everything cheap.
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Do you speak ASEAN?

Do you speak ASEAN? | Trade and Travel in South East Asia | Scoop.it

"Globalisation has sped up the process exponentially in Southeast Asia. English is the working language of the ten-member Asean bloc, which is home to more than 600 million people and 1,000 languages. It is an official language in both the Philippines and economic hub Singapore, where a recent poll by market research company Ipsos shows 74% of people use English to communicate with foreigners.

 

With colloquial versions emerging in the form of Singapore’s ‘Singlish’ and the Philippines’ ‘Taglish’, English and economic growth have spread hand-in-hand across the region.

 

Last year, the Philippines became the world’s call-centre capital, nudging India off the top spot. After just ten years, investment in the country’s language training and in technology has paid dividends, with the outsourcing sector projected to generate revenue of $13 billion this year, a four-fold increase from 2006."

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Uncertainty cast over Asia banks | Bangkok Post: opinion

Uncertainty cast over Asia banks | Bangkok Post: opinion | Trade and Travel in South East Asia | Scoop.it
The future of the banking industry in Asia and at the global level is being shaped by three major forces, namely, the fragile world economy, international financial regulatory reforms, and the rise of Asia which faces its own development challenges.
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Business Visitors to Get ‘One-minute’ Visas | The Irrawaddy Magazine

Business Visitors to Get ‘One-minute’ Visas | The Irrawaddy Magazine | Trade and Travel in South East Asia | Scoop.it

"Business travelers, aid workers and others on official business in Burma will soon be able to receive “one-minute” visas on arrival, according to a report by state-run media on Monday."

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Thailand - Cultural Etiquette - e Diplomat

Comprehensive cultural etiquette advice for visitors to Thailand.

 

"Thais are tolerant of individualism, but find comfort and security in being part of a group. Mai Pen Rai (never mind) is the Thai expression which characterizes the general focus of life - "it is to enjoy." Thais are productive and hard working while at the same time happy with what they are and what they have materially. They are smiling, pleasant, humble and patient people who laugh easily, speak softly, are slow to anger, and never try to cause anyone to lose face. Thais are very proud of their cultural heritage and enjoy talking about it with visitors. Thais are proud that they have never been ruled by a Western power."

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China ‘Unable to Bring Burma into 21st Century’: Irrawaddy: Burma Business Roundup (Monday, February 13)

"The failure of “military-crony capitalism” and a realization by generals that China alone could not bring Burma into the 21st century are at the heart of the new West-leaning liberalization, claims the latest edition of The Economist."

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Government plans to drive 2012 Thai economic growth to 5%: PM - MyThaiDesign

Government plans to drive 2012 Thai economic growth to 5%: PM - MyThaiDesign | Trade and Travel in South East Asia | Scoop.it

"BANGKOK, Thai Prime Minister Yingluck Shinawatra said on Wednesday that she is confident that the country's strong fundamentals would enable the government to push Thai economic expansion to five per cent this year through three major strategies."

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Exchange rates fuel surge in overseas holidays

Exchange rates fuel surge in overseas holidays | Trade and Travel in South East Asia | Scoop.it

"...Thailand bounced back after the Bangkok floods and Bali might have attracted more Australians put off Fiji because of political unrest."

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