Dawei mega project could give Thai economy a 1.9-percent lift: analysts
The Nation/Asia News NetworkThe Dawei mega industrial project in Myanmar could boost Thailand's economy by 1.9 percent and upgrade it from labour-intensive to value-added, according to the Economic Research Institute for ASEAN and East Asia.
January 15, 2013, 12:20 am TWN
Transport from Thailand to India will take only three days instead of seven without having to pass through the Strait of Malacca.
Thailand would gain closer access to natural gas and oil, which are abundant in Myanmar, while Thailand will run out of proved natural gas reserves in nine to 10 years.
The environmental problems in Thailand, such as at Map Ta Phut, make it difficult to build heavy industry there. “It appears to us that Thailand needs to invest in Myanmar more than Myanmar needs investment from Thailand,” Nomura Research said in its recent report.