Myanmar News
Key oil and gas investors from across Asia will gather in Singapore this September to grow their portfolios during the 2nd Oil & Gas Investor Summit Asia. With more than half the world’s population residing in Asia, demand for power surpasses what the rest of the world requires to support its robust economy. Asia is […]
Continue ReadingThailand’s largest energy firm, PTT Pcl, said on Tuesday it planned to invest US$ 2-3 billion in a Burmese oil refinery, coal mines and a power plant, as part of its drive to expand in Southeast Asia. Nattachat Charuchinda, the chief operating officer for PTT’s petroleum business, told reporters in Bangkok the company planned to set […]
Continue ReadingLeading Thai companies are ready to outlay more than Bt28.5 billion setting up businesses in Myanmar following a meeting with President Thein Sein in Bangkok yesterday, amid expectations that a Charoen Pokphand Group (CP), Thailand’s biggest agro-industrial conglomerate, is set to invest US$550 million or Bt16.53 billion in Myanmar within the next three years. CP […]
Continue ReadingGMS members and the Asian Development Bank (ADB) will initiate infrastructure development projects worth 552 billion baht over the next decade. Among the priorities for ADB are an improvement in the 198-kilometre road linking Gorgarek, Thaton and Myawaddy in Myanmar to Tak’s Mae Sot district, which is part of the East-West Corridor linking Myanmar, Thailand, […]
Continue ReadingThe Labor Ministry is set to speedily tackle the problem of labor shortage in the construction sector. Labor Minister Phadermchai Sasomsub said on Wednesday that the construction industry is now experiencing the shortage of labor because of last year’s flood crisis. Mr. Phadermchai is urging business operators, who are in need of workers, to contact the […]
Continue ReadingThe construction sector is pressing the government to allow import of foreign labour from a broader selection of countries to offset the shortage of 100,000 workers in the industry, said Chakporn Oonjitt, executive director of the Construction Institute of Thailand. As of April, the construction industry employed 2.68 million workers or 7% of the country’s […]
Continue ReadingMalcolm McVicar, vice-chancellor and president of the University of Central Lancashire (UCLan), has spent the past three to four years nurturing a project to open a full-scale campus in Thailand. “This will be the first British university here. We chose Thailand because the country is a good centre to reach other parts of the region and […]
Continue ReadingThailand’s largest construction firm, Italian-Thai Development Pcl ITD.BK, is in talks with new investors to replace Max Myanmar Group in the $50 billion Dawei project in Myanmar, an Italian-Thai unit said on Friday. Zaw Zaw, Max Myanmar’s owner, told Reuters this week his group would gradually withdraw from the port and industrial complex, adding to […]
Continue ReadingMax Myanmar, the main local partner in the Dawei deep-sea port and industrial complex in southern Burma said on Wednesday that he was pulling out of the project, according to a report by The Bangkok Post. The news added to doubts about the viability of the project, which is led by Italian-Thai Development Plc (ITD), […]
Continue ReadingResidents oppose construction of the third phase of the Laem Chabang deep-sea port, demand a halt in the project The move comes after the Transport Ministry proposed a 120-billion-baht (US$ 3.7-billion) project over seven years to expand the busy Chon Buri port. The port has undergone two development phases, and Transport Minister Jarupong Ruangsuwan is calling for […]
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