Despite capacity constraints, oil & gas industry still promising

Win Khaing, a member of National Energy Management Committee and chairman of United Engineering Co Ltd, said the industry itself brings a lot of opportunities for foreign investors to do business in the newly-opened nation. “Probable and possible uncontracted gas would amount to 4,000 MMCFD over 30 years. It definitely indicates the level of optimism […]

Tourism tops investment poll

The tourist sector is receiving the most local investment, followed by industry and construction, according to the Myanmar Investment Commission (MIC). Aung Naing Oo, secretary of the MIC, said: “Investment has been allowed since 2011-2012. There were 34 projects by Myanmar investors worth Ks 240 billion (US$240 million) in 2011-2012. A total of 65 projects […]

Electricity problems persist despite progress

Despite increased investment in Myanmar’s electricity sector in 2013, including by international financial institutions, sustainable development remains a challenge. Only 26 percent of the population has access to government electricity supplies, government figures say, while in the past year new projects to increase production and a proposal of price hikes to reduce consumption and bring […]