Thailand reaffirms Dawei plans, but does Myanmar?

“The governments of Thailand and Myanmar reaffirmed that the Dawei megaproject will create thousands of jobs and improve the livelihoods of people along the border,” according to Thailand’s caretaker Prime Minister Gen Prayuth Chan-ocha. Prayuth was speaking at a joint press conference in Bangkok on Friday. Myanmar leader Aung San Suu Kyi also addressed reporters, […]

Thais feel impact of booming Dawei

BANGKOK • Saw Hdaik Oo, from Dawei in Myanmar, left home for Thailand when he was 15, in search of a job. He was fortunate to find one at a seafood-processing factory in Ranong, southern Thailand. And then even luckier to be promoted to oversee the refrigeration at a plant in Mahachai, which has one […]

Energy dilemma

Myanmar needs oil and gas revenue to spur its economy and new discoveries to feed its growing energy appetite, but low oil prices could bring cutbacks in exploration. Myanmar is bracing for a rougher ride after a few years of giddy economic expansion as foreign direct investment slows amid falling oil prices and global uncertainty. […]

Thilawa Takes in $500 Million in Investment

From November 2014 to December, a total 48 companies from 12 countries invested more than $500 million in Thilawa Special Economic Zone, said vice president U Nyan Tun, who is also president of the Central Working Committee for Myanmar Special Economic Zones. “Of the three SEZ projects, the most successful and the first one that […]

Beyond Ranong, southern fishers struggle to find markets

Myanmar labourers are already at work, hauling baskets laden with fish and bargaining over prices, before the sun is up. They work at the Ranong fish markets, the centre of southern Myanmar’s fishery trade. It is where heavily laden Myanmar fishing boats come to sell their catch, where humming processing factories prepare fish for export, […]

Shell offshore survey to begin next month

The Anglo-Dutch firm and its Japanese partner Mitsui Oil Exploration signed production sharing contracts with Myanmar in February for blocks AD-9 and AD-11 in the Rakhine basin, and MD-5 in Tanintharyi basin. The firms won the blocks as part of the 2013 offshore bidding round, which saw 20 blocks won by several international companies. Graeme […]

Shell and Thai Firms to Develop LNG Terminal in Myanmar’s Dawei SEZ

Royal Dutch Shell plc recently entered into an agreement with Thailand-based companies to develop a liquefied natural gas (LNG) terminal at the Dawei special economic zone in the Tanintharyi Region in Myanmar, local daily Myanmar Times reported Monday. The European major signed a Joint Development Agreement (JDA) with Italian-Thai Development Public Company Limited and LNG […]

Locals fearful as Myanmar’s Dawei project nears green light

New port zone could revitalise trade in Asean, but at a high cost Ma Nu May and her husband started a small cashew farm near the coastal town of Dawei in southern Myanmar seven years ago, but life in the past two years has been far from peaceful. Most of her cashew trees are still […]

Dawei Economic Zone ‘Lacks Clarity’ as Another Thai Firm Claims Deal

A little-known private company based in Bangkok is the latest to lay claim to becoming the major electricity provider for the Dawei Special Economic Zone—a project to build a regional economic hub in southern Myanmar that has generated much talk, but little action. Andaman Power & Utility Company Limited says it has been chosen by […]

Thai PM seeks Japanese role in Baht 2 trillion transportation project between India, Myanmar & Thailand

Thai Prime Minister Yingluck Shinawatra has invited Japan Inc to take part in Thailand’s Bt2-trillion transportation development project. She also proposed to Myanmar to jointly develop a “trilateral highway”, creating land bridges between India, Myanmar and Thailand. She discussed these issues during bilateral talks with Japanese Prime Minister Shinzo Abe and Myanmar President Thein Sein […]