The United Kingdom has pledged to invest over US$385 million in Myanmar in two years time, according to statistics of the Directorate of Investment and Company Registration.
The UK invested... [ More ]
Yet this space is highly contingent on a number of volatile factors: the goodwill of the current President and his associates in Parliament, the ability of Aung San Suu Kyi to assure the... [ More ]
If the 10-nation ASEAN bloc is to double its economy by 2020, then a large thrust of the growth rate will be coming from Myanmar.
According to consultancy McKinsey Global Institute,... [ More ]
Myanmar was one of East Asia’s fast growing advanced economies in the early 20th century. But decades of isolation took its toll and Myanmar was left out of the region’s remarkable... [ More ]
Last week’s article (“Still too early for private equity firms”), analysed one of the most controversial aspects of the Myanmar legal system: Foreigners cannot acquire shares in local companies and as a result locals are not allowed to transfer shares to foreigners in a 100 percent locally owned entity.
We also suggested that it would be very important for the national economy to remove this restriction and allow foreign investors to inject capital in existing small and medium...
RATCHABURI Electricity Generating Holding under its new president will adjust its business strategies to boost growth, teaming up with others in the Electricity Generating Authority of Thailand (Egat) group and tapping the Myanmar market.
According to Ratch president Phongdit Photchana, who was appointed in July, company executives will brainstorm next month to formulate strategic plans and set a more challenging course.
Ratch will continue to focus on both primary-fuel and renewable...
Myanmar's parliamentary speaker Friday said the government will be instrumental in any amendment to the nation's military-drafted constitution, which currently bars opposition leader Aung San Suu Kyi from the presidency.
Opposition members of parliament and democracy activists have raised fears military lawmakers, who have 25 percent of seats guaranteed under the current constitution, may prove an obstacle to amending the document regardless of whether the government presses for...
A power and natural gas tender to supply electricity to 15 industrial zones has been extended to August 15, according to the reports from the Ministry of Electric Power.
Natural gas will be used in power plants operated under the Ministry of Electric Power and purchased through gas pipeline owned by Myanmar Oil and Gas Enterprise.
The Ministry of Electric Power will purchase between 150 million and 200 million cubic meters of natural gas per day in this year and between 500 million cubic...
Kachin can become one of the key states to help Myanmar accelerate its economic growth. Kachin's chief minister said the state has fallen behind because of the civil war, but all that could change soon.
From its close proximity to economic giants like China to its abundant natural resources, Kachin, located in Myanmar's upper north, is well-placed to help lead the country in its development.
But plagued with civil unrest, the state with a population of 1.6 million has instead fallen...
Japan International Corporation Agency (JICA) will spend US$170 million in providing electricity and sanitation to rural areas across Myanmar.
The Japanese government has provided US$900 million in development aid to Myanmar this year. The JICA is will use US$450 million to create basic infrastructure in rural areas.
"JICA wants to reduce deprivation in remote areas. We are doing to implement sanitation and electricity system in rural areas with the guidance of our government. Getting...
Japanese industry minister Toshimitsu Motegi told Myanmar President Thein Sein on Thursday that Japan will offer electric power knowhow, Japanese government officials said after their talks in the capital.
"I hope your country will use Japan's technology," Motegi was quoted as telling the president, who spoke of wanting to build a coal-fired power station that is also environmentally friendly.
The president told Motegi that not only power generation using domestically produced natural...
Myanmar, Indian businesses may need to stay sharp, perhaps more than play sharp.
The World Economic Forum meeting this past June in Myanmar’s capital Nay Pyi Taw may have been prophetic about its concern over what some in media described as “greedy land grabbing and displacement, especially in ethnic areas with tentative and fragile peace processes”.
This thought, attributed to David Mathieson, a senior Myanmar researcher with New York-based Human Rights Watch, appears realistic...
ELEVEN Source: Myanmar to use Indian bank loans for development - (28/08/2013)
Myanmar will implement several projects with loans from the Export-Import Bank of India according to a government report.
The Export-Import Bank of India (EXIM Bank) has provided loans of up to US$ 500 million which will be used on infrastructure projects including communications and transport. Details were released in the Myanmar government’s 2013-2014 fiscal year report.
Some of the projects include the construction of a microwave station linking the southern and northern parts of...
A controversial natural gas pipeline delivering gas to China from Myanmar has been brought into use.
The $2.5bn (£1.6bn) pipeline stretches from Myanmar's deepwater Shwe fields to China's south-western Yunnan province. It took three years to complete and is 493 miles long.
The pipeline’s annual throughput capacity is 12 billion cubic metres (1.16 Bcf per day). Gas production is currently at 58,550 Mcf per day but is expected to increase to 500,000 Mcf per day.
A 478 mile crude...
It is now quite easy to make international direct phone calls and to send faxes, email to worldwide. Internet access is available in most tourist destinations in Myanmar.
... More
