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Posted: 14 Dec 2013 | 6:00 am
The cloud hanging over the head of Thai group Ital-Thai's massive infrastructure development in Dawei Myanmar, which has been pulled, has created a challenge for the overseas investment sector.
While the project was announced to much fanfare, the mega project has been unable to obtain financing.
As Myanmar's economy continues to seek broad market reforms the lack of liquidity and a capital market has muted what had been hoped as a fast track to cash in on positive sentiment.
It's unclear what will become of Ital-Thai's existing concession agreement with the government.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
Up and coming Hong Kong interior design firm Eggspace have created an intimate green hotel in Boracay.
A recent post on Hotels Magazine online site talked about the relationship between hotel eco-certifications and operating efficiency.
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