Chinese Firm Joins Local Rice Miller to Bolster Industry

RANGOON — A Burmese rice milling company and the Chinese firm CAMC Engineering Co. Ltd. have signed a joint venture Memorandum of Understanding to improve the quality and capacity of rice milling operations in Burma, according to Thaung Win, the secretary of the Myanmar Rice Millers Association. Members of the Myanmar Rice Millers Association formed […]

Chinese Firm Signs $367-m Offshore Contract in Myanmar

China’s state-owned Offshore Oil Engineering announced that the company and Petroleum Authority of Thailand has signed a Myanmar Zawtika Phase 1B EPCI contract and gained a local governmental approval. The contract covers design, construction and offshore installation of four wellhead platform and pavement of four subsea pipelines. Contracted value is about $367 million, the company […]

Myanmar Can Renegotiate Dam Deals to Keep More Power, Says Chinese Firm

YANGON — A Chinese firm that signed deals with Myanmar’s former military rulers to build hydro dams said it could renegotiate the terms, which would see some projects supplying 90 percent of power to China, in order to allow more power for domestic consumption. Myanmar’s unreliable power supply is undermining economic development in Asia’s second-poorest […]