BANGKOK, 5 August 2015 – The Thailand–Myanmar Business Council has confirmed that Thai businesses in Myanmar are unaffected by the flood disaster.
President of the Thailand –Myanmar Business Council Panitan Pawarolarnwitthaya disclosed that Thai investments in the neighboring country remained intact. Many were in the commercial city of Yangon, away from flood-hit areas.
Flash floods and landslides in Myanmar have killed at least 46 and affected more than 210,000. According to President Thein Sein, the flood disaster grips the states of Chin and Rakhine, as well as the Sagaing and Magway regions in the western and central parts of Myanmar.
Nevertheless, Mr. Panitan said Thai business operators still needed to monitor the situation closely. He explained that Thai investments in Myanmar would be in trouble if floods engulfed the transport route linking Mae Sot in Tak Province with Yangon.
In spite of the disaster situation, the President of the Thailand–Myanmar Business Council claimed that Myanmar was still an attractive place for investors. He believes that the Myanmar government will continue to improve infrastructure to mitigate natural disasters.
