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, […]

Mon State Cement Plant Nearing Completion amid Ongoing Opposition

RANGOON — A Thai-backed cement factory under construction in Mon State is on track to begin operations in mid-2016, the company said this week, despite ongoing opposition from locals over the presence of a coal-fired power plant on the site. The factory in Kyaikmayaw Township, situated near the Zami River—an important water source for at […]

Thai cement giant tackles Mon coal fears

Siam Cement Group has invited a number of monks to visit its plant in Thailand, as part of the company’s efforts to ease local concerns about a coal-burning plant that will power its new cement factory in Kyaikmaraw, Mon State. Mawlamyine Cement Limited (MCL), a joint venture between SGC and Pacific Link Cement Industries, is […]

A special zone on Myanmar’s border

DAWEI (Myanmar) • It has been eight long years since engineer Suphap Satthathum first set foot in the tropical scrub jungle by the immense curve of beach near the port town of Dawei, in Myanmar’s southernmost Tanintharyi state that borders Thailand. But today, as he strides on the jetty his construction company has built, he […]

Kyaukphyu bidders come from China

The ongoing tender to build portions of Kyaukphyu special economic zone has attracted interest almost entirely from Chinese firms. Of the total 12 companies that have so far entered bids, 11 are from mainland China and the other one is a local company, according to a businessperson close to the situation. The Bid Evaluation and […]

Japan aid widens Myanmar factories vs farms divide

THILAWA, Myanmar (AP) – Tin Hsan and her husband lived modestly in the outskirts of Myanmar’s commercial capital Yangon, growing rice and betel leaves on their 22 acres and peddling vegetables, but they got by, until they were forced to move to make way for Thilawa, a showcase industrial zone being built with Japanese aid. […]

China is major investor for mineral extraction in Myanmar and Mongolia

China, billed as the major investor in the exploration and production of Myanmar natural resources, is also a big player for mineral extraction in Mongolia, said S. Javkhlanbaatar, the director of Invest Mongolia Agency. China is presently the second-largest investor in Mongolia. Its investment projects include property development. In Myanmar, China is keen to invest […]

Myanmar Offshore Oil & Gas Environmental Impact Assessment Conference on 11th Mar 2014

With the impending announcement of the winners for the 30 offshore oil & gas blocks, we are pleased to announce that CSA Ocean Science, Inc (USA) will be holding a presentation on: Myanmar Offshore Environmental Impact Assessment. The presentation will be delivered by Dr. David A. Gettleson (Director/Senior Scientist, CSA Ocean Sciences, U.S.A), and will include the representative […]

New FDI rule on the way coming weeks

New rules for the Foreign Investment Law will be issued in the coming weeks, the Ministry of National Planning and Economic Development says. Directorate of Investment and Company Administration director general U Aung Naing Oo said the ministry had finished the revision, which is likely to result in more restrictions on foreign investment, particularly in […]

New investment regulations will benefit Myanmar and its investors

Oil and gas industry experts have said that the new regulations for oil and gas exploration bids will benefit Myanmar financially and promote investment sharing. The Ministry of Energy has released the new Standard Regulations (PSC/IPR) for interested bidders on oil and gas blocks in Myanmar. Under the new regulations, the country will have 2.5% […]