TTA close to sealing Myanmar water deal

Singapore: SET-listed Thoresen Thai Agencies Plc (TTA) expects a deal to join local partners in Myanmar to invest in a wastewater management business will be finalised this month. Chief executive Chalermchai Mahagitsiri said TTA was still in talks with potential partners and the Myanmar government about the Yangon project. “We’ve been following up the wastewater […]

Myanmar’s mobile phone revolution

Even the white cattle are fading from view in the gathering dusk of this riverside Myanmar village, the tiny lamps hanging from the traditional wooden stilt houses the only defence against a night without light. Soon the noises of quiet conversation and religious devotion will be the only sounds filling the sensory gap the darkness […]

Deutsche says Myanmar is “potentially exciting” frontier play

Offshore Myanmar, where Ophir Energy (LON:OPHR) this week staked its first non-African acreage, is a potentially exciting frontier play, according to Deutsche Bank. Analyst Lucas Herrmann highlights it has proven hydrocarbon potential both onshore and more recently via two gas developments, Schwe & Mya, in the shallow offshore. Ophir was among a group of major […]

Yoma’s Serge Pun Sees Long Road to ASEAN Integration

YANGON — Myanmar-focused conglomerate Yoma Strategic Holdings Ltd said Southeast Asia needs to work exceptionally hard to realize a balanced, European Union-style integration of such disparate economies. Yoma is listed in Association of Southeast Asian Nations (ASEAN) member Singapore whose advanced island-state economy contrasts with that of fellow member Myanmar, rich in gems and natural […]

Tourism and travel sector to continue upward trend

Myanmar’s travel and tourism sector is set to grow 9.5 percent in 2014 to reach K933 billion (US$971 million) as the number of international visitors to the country, especially from Asia, is expected to continue climbing, says a report published on March 19 by the London-based World Travel and Tourism Council (WTTC) research group. According […]

Battle for Yangon

The race is on to save the grand old buildings of Yangon, Myanmar’s former capital. Now on the brink of crumbling, can they be restored in time? Squint a little and they are almost visible. The choleric soldiers in the uniform of empire, shining boots and brass buttons. The twirling women in flounces and frills. […]

S’pore serviced apartment chain plans expansion into Myanmar

Singaporean serviced apartment chain The Ascott Limited has announced moves to expand into Myanmar and increase its presence in Germany and Asia on Thursday. The wholly-owned unit of developer CapitaLand said yesterday that it has won a contract to operate a 153-unit mixed-use development in Yangon. The property – Somerset Kabar Aye Yangon – is […]

Thailand’s True Seeks Foreign Partner for Southeast Asia Expansion

BANGKOK — Thai telecommunications group True Corp PCL wants to take on a foreign partner in the second half of this year to help it expand in Southeast Asia, its chief executive said on Thursday. True Corp, controlled by Thailand’s richest man Dhanin Chearavanont, plans to offer any potential partner new shares equivalent to about […]

Policy changes disrupting for car importers

Local car dealers tired of losing money due to frequent and erratic policy changes regarding imports blame the government for creating an unstable market. Since allowing imported vehicles into the country in 2011 as part of nationwide reforms, the auto sector has seen gradual and sweeping policy changes aimed at regulating the market, while attempting […]