Category: Myanmar

Aeon Mall postpones Yangon shopping mall construction after February coup Aeon Mall Co, a developer of shopping malls under major Japanese retailer Aeon Co, has postponed construction of a mall being planned in Myanmar’s largest city Yangon, according to a source familiar with the project. The shopping mall developer had eyed this summer to start […]

Myanmar’s junta approves construction of 78 billion baht liquefied natural gas (LNG) power plant Myanmar’s military rulers have approved new investment in projects worth about 87 billion baht, including a liquefied natural gas (LNG) power plant that will cost about 78 billion baht, the country’s investment body said. Approvals for 15 projects were given on […]

Myanmar coup threatens Chinese power projects Hong Kong-listed VPower under fire for business with military companies Chinese energy companies contracted to build power plants in Myanmar have had their projects put on hold, and some are considering exiting the market, in a sign of how the military coup in the Southeast Asian country may be […]

French renewables company Voltalia SA announces pulling out of Myanmar due to unrest French renewables company Voltalia SA today announced its decision withdraw from Myanmar, where it ensures power supply to local telecom towers, due to the political and humanitarian unrest in the country. The French firm has been operating in Myanmar since 2018 when […]

French energy giant Électricité de France Halts Myanmar Hydropower Project Over Human Rights Concerns French energy giant Électricité de France has suspended a hydropower project worth more than US$1.5 billion (2.11 trillion kyats) in Myanmar’s Shan State over human rights concerns as the military regime continues to use lethal force to crack down on anti-coup […]

Thai energy firm PTTEP sees power generation as next income stream Oil and gas exploration and production currently makes up all of its profits Thai energy firm PTTEP sees power generation as next income streamBANGKOK, Thai oil and gas giant PTT Exploration and Production Pcl on Tuesday said it plans to expand midstream investments to […]

Myanmar coup grinds cross-border infrastructure projects to halt Dawei industrial zone could face two-year delay to completion While the coup in Myanmar has muzzled democracy in a country that once again finds itself under junta rule, the political unrest has also forced major infrastructure projects to go silent, threatening to derail plans for badly needed […]

World Bank debars Germany’s Ferrostall Oil & Gas for 13 months in connection with  alleged fraudulent practice  in Myanmar The debarment makes Ferrostall Oil & Gas ineligible to participate in projects and operations financed by institutions of the World Bank Group for the stated period The World Bank has announced the 13-month debarment of Germany’s […]

Thailand’s SCG-Boonthavorn ventures into Phnom Penh with home-living retail outlet Design Village Thailand-based SCG-Boonthavorn has launched home-living retail outlet Design Village — the first of its kind in Cambodia — in Phnom Penh’s Sen Sok district. Due to open next quarter, Design Village is set to cater to growing demand for home-related design solutions in […]

Thailand’s Amata halts $1bn Myanmar property project after coup Developer worried about sanctions while Suzuki and ANA suspend operations BANGKOK/TOKYO — Thailand’s largest industrial estate developer has suspended work on a $1 billion project in Myanmar due to fears that the military coup and possible international sanctions will drive investors away from the country. Amata […]