Myanmar News
Visual from Sembcorp website The International Finance Corporation (IFC) is planning to invest $40 million in 225 megawatt combined cycle gas turbine power plant at Mandalay. The investment will be in form of debt financing for the power plant, which will be built by a consortium of companies including, the Singapore-based Sembcorp Utilities Pte Ltd […]
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Thailand’s private and public sectors are estimated to spend 690 billion baht ($19.4 billion) over the next three to five years on expanding capacity of petroleum, electricity and renewables to secure energy supplies, a senior official at energy ministry said on Thursday. About 342 billion baht will be used for petroleum development, including expanding […]
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Getty Images: A Burmese woman walks by billboards in Yangon, Myanmar. There is an Asian country that doesn’t have an active stock market or even a credit rating. Yet its economy may grow by 10 percent this year. Meet Myanmar, an unlikely growth star. The frenetic growth in the country formerly known as Burma is in […]
Continue ReadingLast week, Myanmar officials wore big smiles at the official launch of the Thilawa Special Economic Zone. They were jubilant that, at last, the nation has its first international-standard SEZ, equipped with all the infrastructure a major business needs – electricity, water supply and port facilities. The project is a joint endeavour, and much of […]
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Egco plans to use the area nearby its Nakhon Si Thammarat’s Khanom district to develop a gas-fired power plant. Photo courtesy of Egco Electricity Generating Plc (Egco) says it may use space next to its Khanom facility in Nakorn Si Thammarat to develop a gas-fired plant if a coal-fired plant planned for Krabi fails to […]
Continue ReadingExorbitant property prices, highlighted as one of the biggest business barriers in Myanmar, are expected to be brought down to a level competitive with that of neighbouring countries by 2018. Moe Thida, deputy director of the Construction Ministry’s Urban and Housing Development Department, told the Myanmar Global Investment Forum last week that some measures have […]
Continue ReadingDESPITE the sluggish economic growth in Thailand, General Electric says it continues to be upbeat about its business prospects in the Kingdom. Kovit Kantapasara, president and chief executive of GE Thailand, Laos and Myanmar, said the company expected its sales in Thailand and Myanmar to expand by 40-50 per cent this year compared with 2014. […]
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COLUMBUS, Ohio, Sept. 21, 2015 /PRNewswire/ — With tourism contributing 9% to the country’s GDP and welcoming its 18 millionth international visitor as of August 2015, Thailand is undeniably one of the most coveted destinations in the world, considered a universal market with no high or low seasons. So when deciding to meet continuing demand […]
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Thai Transport Minister Arkhom Termpittayapaisith, right, shakes hands with Myanmar Construction Minister U Kyaw Lwin in the signing ceremony in Naypyidaw on Thursday. (Transport Ministry photo) Transport Minister Arkhom Termpittayapaisith signed an official agreement on Thursday for the construction of a second Thai-Myanmar bridge across the Moei River from Mae Sot district of Tak province. […]
Continue ReadingMyanma Electric Power Enterprise (MEPE) has issued more tenders for independent power producers to build gas-fired power plants in Yangon and Myingyan, according to an official. Local and international companies have been invited to apply to generate electricity by gas engine or gas turbine, which will then be bought by state-owned MEPE. Both projects are […]
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