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Thai firms urged to tap Myanmar rise

Thai businesses are being urged to change their mindset about Myanmar, as most still see the country as closed to foreign investment, full of obstacles and languishing under a military government.

"Such an understanding is not correct, as Myanmar is now moving very quickly to better political sentiment as indicated by the byelection to be held in early April," said Prajuab Supinee, director of the Thai Trade Office in Yangon.

Myanmar used to get 200,000 to 300,000 tourists a year, but the number rose to 1 million last year, with each tourist spending THB20,000-30,000 (USD650-975). Hotel rooms and flights are insufficient, resulting in rising expenses for visitors.

(Source: Bangkok Post )