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SIIA Chairman Simon Tay quoted by Myanmar Times on the need for urgency in economic progress

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13 Apr SIIA Chairman Simon Tay quoted by Myanmar Times on the need for urgency in economic progress

SIIA Chairman Simon Tay was quoted by the Myanmar Times in a list of ten quotes on the country’s economy, from Myanmar’s ministers, regional business leaders, and other influential figures.

Clock is ticking for real economic progress

Last June, Simon Tay, chairman of the Singapore Institute of International Affairs (SIIA), stressed the urgency of making some real progress and ensuring that some projects take off in Myanmar, as this would convince foreign investors that the government means business.

“There are many developing countries [in Asia] which are now trying to attract foreign direct investments. Vietnam is ahead of you [Myanmar] and they are quite big as well. Sri Lanka is, maybe, behind you after so many years of civil war but they are opening up and try to get investments.

“I am optimistic on Myanmar and I have tried to engage Myanmar for many years but I think this government has a certain timeline of which they must start to really implement. Otherwise, foreign investors will start going elsewhere,” he remarked.

Full Article: What they said: 10 influential quotes on the Myanmar economy in 2017-18 [Myanmar Times, 12 Apr 2018]