PTTGC SUBSIDIARY IN JOINT VENTURE WITH SP PETPACK

In this joint venture, SUN will hold a 25-per-cent share, under an investment of about Bt50 million, of SP Petpack Inter Group (Thai), a subsidiary of SP Petpack, to build a factory and develop the packaging market in Myanmar. 
This project follows PTTGC’s strategy to expand into the CLMV (Cambodia, Laos, Myanmar and Vietnam) market.

MYANMAR FOREIGN 
INVESTMENT PASSES
$6 BILLION MARK 

Foreign investment in Myanmar has exceeded US$6 billion (Bt211 billion) during the almost eight months of the democratically elected government led by the National League for Democracy, outdoing original targets, Aung Naing Oo, director-general of the Directorate of Investment and Company Administration, told a press conference on Monday. 
Myanmar received 106 enterprises bringing $4.4 billion in foreign investment during the 2016-17 fiscal year. Total foreign-investment capital reached $5.78 billion.
Also during the 2016-17 fiscal year, the Thilawa Special Economic Zone saw $217.5 million in investments.
The second meeting this year of the Myanmar Investment Commission was held in Yangon on Saturday, where it was reported that the country had accepted six enterprises representing total foreign investment of $1.4 billion, potentially creating 5,600 jobs.
Foreign-investment proposals have been considered depending on their perceived profit potential, the creation of new jobs, contribution to GDP, increased tax revenues, the market situation at home and abroad, the local consumption requirement, technical convenience, innovation, technical transfer, plans for protecting the environment and social atmosphere, responsible investment and adherence to existing laws. – Myanmar Eleven 

AIRASIA Q4 LOAD
FACTOR SURGES
TO 85 PER CENT 

AirAsia recorded a load factor of 85 per cent in the fourth quarter of 2016, up 2 percentage points from the same period last year.
The Malaysia-based airline company said the total number of passengers carried increased 7 per cent year on year to 14.51 million, well ahead of the 5-per-cent increase in seat capacity. 
At the end of the quarter under review, the group’s total fleet size stood at 172 aircraft (174 including two aircraft delivered to AirAsia Japan but yet to commence operations). 
In all of 2016, the group carried a total of 56.59 million passengers for a load factor of 86 per cent.
AirAsia said its Malaysian operations achieved a load factor of 87 per cent last quarter, up 2 percentage points year on year. It added that demand exceeded the 2-per-cent year-on-year increase in capacity, with the number of passengers carried rising by 5 per cent to 6.76 million. AirAsia Malaysia ended the quarter with a fleet size of 77 aircraft.
Thai AirAsia, meanwhile, posted a load factor of 82 per cent in the final quarter of 2016, unchanged year on year. The number of passengers carried was 4.37 million, an increase of 8 per cent, near to the capacity growth of 10 per cent. 
“Thai AirAsia took two additional aircraft during the quarter, ending the year with a fleet of 51 aircraft. For [2016], Thai AirAsia carried 17.22 million passengers and posted a load factor of 84 per cent, up 3 percentage points from 2015,” AirAsia said in a statement.–The Star