Myanmar News
Concrete firm upbeat after ending big losses The management team at SET-listed General Engineering Plc is turning around the concrete materials maker after years of losses, says chief executive Thitipong Tangpoonphonvivat. GEL’s performance has proved that it handled things the right way, says Mr Thitipong. “We want everyone to believe that we are committed to […]
Continue ReadingGreen Earth Power (Thailand) has signed a memorandum of agreement with the Myanmar Ministry of Electric Power (MOEP) to formalise the development of a 220-megawatt solar power plant in Minbu, in that country’s Magway Region. The signing ceremony, held on Thursday at the Grand Amara Hotel in Nay Pyi Taw, marked an important milestone for […]
Continue ReadingThai firms likely to do well from mass of Myanmar projects Thailand’s energy investment in Myanmar is expected to remain strong in the years to come, but firms in the construction industry are expected to play a much bigger role in the country following the many development projects approved. Myanmar approved 340 high-rise projects nationwide […]
Continue ReadingMore Thai companies are wooed to pursue business opportunities in Myanmar, amid expectation of smooth political transition Thailand’s total investment in Myanmar has nearly reached US$10 billion, making the Kingdom the second-largest source of foreign direct investment (FDI) into the country after China, whose investment swelled past $14 billion.Pisanu Suvanajata, Thailand’s ambassador to Myanmar, reckons […]
Continue ReadingPTT Plc, the Thai national oil and gas conglomerate, plans to invest more than 100 billion baht on a new gas pipeline from Rayong’s Map Ta Phut to Bangkok. The project will be its fifth pipeline to serve the constantly increasing demand for gas in the future, according to Chief Executive and President Pailin Chuchottaworn. […]
Continue ReadingMarubeni has signed memorandum of understanding (MOU) with the Ministry of Electric Power of the Republic of the Union of Myanmar (MOEP) to develop environmentally friendly 1,800MW–2,000MW coal-fired power plant. Under the MOU, Marubeni will conduct feasibility study of power plant project using environmentally friendly and highly efficient ultra-supercritical technology in Tanintharyi region in the […]
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Thierry Loustau, managing director of LBL International, talks to the Post from his office in Phnom Penh on Wednesday. Eddie Morton Attracting $2.5 billion of foreign investment during the first half of this year alone, Cambodia’s construction sector has been repeatedly flagged as the next growth engine for the Kingdom’s economy. However the boom has […]
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The Electrical Authority of Thailand (EGAT) is considering partnering with PTT Pcl, the nation’s state-controlled gas supplier, to build a receiving terminal for liquefied natural gas supplies, according to Reuters. Natural gas is crucial to the nation, which is a net importer of oil and gas, and uses natural gas for 70 percent of its […]
Continue Reading10 September 2014 Myanmar Civil Aviation Department confirmed, Tuesday, that five local airports in Myanmar have the green light to approach private companies to take over the management. The Directorate of Civil Aviation head, Kyaw Soe, told local news channels that the agency has approved private management of Bagan-NyaungU, Heho, Tachilek, Thandwe and Kyaukphyu airports. […]
Continue Reading06 September 2014 Local and foreign companies are being sought to bid for construction projects in a special economic zone (SEZ) in Myanmar’s western state of Rakhine, officials said on Saturday. The Kyaukphyu SEZ will include a 16-metre deep port with a container-handling capacity of 8,000 20-foot equivalent units. “Tenders will be opened on Sept […]
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