Myanmar News
The commercial world beats a noisy path to a former pariah’s door Burma, long an outcast nation, is starting to see the benefit of political reforms undertaken by President U Thein Sein’s government. Although it is early days, delegations of western businessmen have started to appear on the horizon, looking for opportunity. The reforms are […]
Continue ReadingMyanmar awarded 10 onshore oil and gas blocks to eight firms in its biggest energy tender in years and is now offering nine offshore blocks, two Yangon-based sources with direct knowledge of the deals told Reuters on Friday. The winning firms were mostly from Asia, including Malaysia’s Petronas PETR.UL and Thailand’s PTT Exploration and Production […]
Continue ReadingThailand’s state-owned PTT Exploration and Production (PTTEP) on Thursday signed an agreement with Myanma Oil and Gas Enterprise (MOGE) for an investment in Myanmar’s Zawtika M9 gas field. PTTEP president and chief executive Anon Sirisaengtaksin said petroleum and natural gas production will start in 2013 with a production capacity of 300 million cubic feet/day, with […]
Continue ReadingParkson Holdings Bhd, which last month made a S$138 million initial public offering (IPO) of its Southeast Asian unit in Singapore, is looking to expand its footprint into the Philippines, Thailand and Myanmar through acquisitions or greenfield projects as part of its plans to become one of the region’s largest department store chains. Parkson Holdings […]
Continue ReadingItalian-Thai Development Pcl, Thailand’s largest construction firm, said on Monday it expected to reach a conclusion in 2012 on how it would finance the Dawei deep sea port and infrastructure projects in Myanmar. Loss-making Italian-Thai has no plan to raise funds via an equity issue, but it planed to convert some land into capital and […]
Continue ReadingItalian-Thai Development Pcl, Thailand’s largest construction firm, said on Monday it expected to reach a conclusion in 2012 on how it would finance the Dawei deep sea port and infrastructure projects in Myanmar. Loss-making Italian-Thai has no plan to raise funds via an equity issue, but it planed to convert some land into capital and […]
Continue ReadingThailand’s PTT Exploration and Production Pcl has won bids for two onshore petroleum blocks in Myanmar, Thai Energy Minister Pichai Naripthanphan said on Wednesday. “We won two, that’s for sure,” Pichai told reporters, adding that the blocks were close to the capital, Naypyitaw. Pichai returned to Thailand late on Tuesday after accompanying Prime Minister Yingluck […]
Continue ReadingMyanmar opened a new international airport in its capital Naypyitaw Monday, with regional leaders the first to use the new facility that will handle up to 65,000 flights per year. Naypyitaw International Airport will be Myanmar’s third international facility after Mandalay and the commercial capital Yangon. The airport was developed by Burmese construction company Asia […]
Continue ReadingTHE government last week admitted that Yangon’s infrastructure was outdated and not up to the challenge of housing its six to seven million residents, let alone the 10 million forecast to live there in coming years. The frank assessment was delivered by the Minister of Industry, U Soe Thein, at a meeting with the press […]
Continue ReadingTHE government last week admitted that Yangon’s infrastructure was outdated and not up to the challenge of housing its six to seven million residents, let alone the 10 million forecast to live there in coming years. The frank assessment was delivered by the Minister of Industry, U Soe Thein, at a meeting with the press […]
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