Thailand’s AMATA set to tap into Myanmar

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Thailand’s listed industrial estate developer AMATA Corporation Plc (AMATA) is planning to co-invest in a project to establish a new industrial estate in Myanmar.

In the seminar entitled “Amata : Rising with Asia”, AMATA’s chief executive Vikrom Kromdit said that that the company is interested in investing in Greater Mekong Subregion and CLMV countries (Cambodia, Laos, Myanmar and Vietnam).

“We will focus on investing more heavily in neighboring countries in order to solve labour shortage issue and enjoy their economic growth, which is higher than Thailand,” he said. “Apart from Vietnam, we plan to invest in Myanmar, as it is located next to the high potential market of China, easily accessible by air and sea, and the labour cost is competitive.”

Also read: Thailand’s REIT deluge: 5 IPOs in next 6 months

Vikrom said after the seminar that it will list its subsidiary, AMATA VN Plc, on the Stock Exchange of Thailand this year. It has already submitted the filing to the Office of Securities and Exchange Commission but it has not been approved yet.

“We will continue the investment in Vietnam through AMATA VN because Vietnam has had a stable and continuous economic growth, thanks to the stable political situation and the flow of investment from Korean and Japanese companies, which are granting financial support to develop the country’s infrastructure,” he added.

In Thailand, the company will focus on research and development (R&D) and add more value to its plants. “We will no longer sell only land, like in the past. From now on, we will turn ourselves to be the high-technology industrial estates with the complete utilities, adding the best value to our products,” he added.

Currently, it has 10 power plants with a combined electricity generating capacity of 1,400 megawatts and 1,300 industrial plants in Thailand.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.