Myanmar News
Mega Home Center Co, operator of the home and construction materials chain, expects the market to slow down as seasonal negative factors such as rain and floods have hurt the construction sector, especially in rural areas. Chief operating officer Supornsri Naktanasukan said sales and construction normally decreased during the rainy season, However, this year the sector […]
Continue ReadingInitiated by China, the “One Belt, One Road” strategy will gradually reshape the Eurasian continent, but within this grand vision of a “New Silk Road”, it is the construction of the Kra Canal in the south of Thailand which could have the greatest impact. No official announcement has been made on the realization of this […]
Continue ReadingNAM TOK, Thailand (AP) — Wielding a machete, Rod Beattie slashes at tangled undergrowth and soaring bamboo to expose vistas from one of World War II’s iconic sagas. Out of the jungle appear remnants of a railway that cost the lives of more than 100,000 Allied prisoners and Asians enslaved by Japan’s Imperial Army. As […]
Continue ReadingAug 7 Thailand’s leading construction firm Italian-Thai Development PCL said on Friday it was in talks with Myanmar authorities to build a $500 million liquefied natural gas (LNG) import terminal at Dawei industrial zone in southern Myanmar. The LNG plan is part of $1.7 billion deal to develop the first phase of the long-delayed Dawei […]
Continue ReadingMyanmar has signed a concession agreement with a consortium of private developers, including Italian-Thai Development (ITD) Public Company, for the Dawei special economic zone (SEZ) almost two years after ITD withdrew from the project citing financial difficulties. The new consortium includes ITD, Japanese-Thai joint venture Rojana Industrial Park Public Company and LNG Plus International Company, […]
Continue ReadingNineteen international firms including PTT Plc have responded to the invitation of Myanmar Petroleum Enterprise (MPE) to bid for joint ventures at a new liquid petroleum gas (LPG) factory in Thanlyin, the Energy Ministry has announced. Proposals will include construction, production and distribution contracts at the port, which is situated just 10 kilometres southeast of […]
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An artist’s rendering of the future passenger terminal at Mae Sot airport. Mae Sot airport will better serve as Thailand’s gateway to Myanmar when a 1.5-billion-baht makeover is completed in 2018. The ongoing works will cater to a surge in air traffic demand spurred by the planned creation of a special economic zone for the northwestern […]
Continue ReadingTHE ENERGY Ministry has given the nod to PTT’s plan to install the fifth natural-gas pipeline from the West of Thailand to the East. A ministry source said the plan, which was part of the Department of Mineral Fuels’ 21-year natural-gas development plan (2015-2036), had been proposed for the consideration of Energy Minister Narongchai Akrasanee. […]
Continue ReadingTawandang German Brewery has set a five-year plan to open two more microbreweries in Bang Khae and Srinakarin at the cost of Bt200 million each. The company is also looking for opportunities to open microbrewery restaurants in Myanmar and China, which is part of its regional expansion plan. Tawandang posted Bt600 million in total sales […]
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A group of Thai and Lao business people have announced a plan to spend 10 billion baht to develop a large shopping and hotel complex in Vientiane in order to cash in on opportunities arising from the coming Asean Economic Community. The massive complex on 200 rai has the support of the Lao government, which […]
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