Thai PTTEP May Review Investment Plans if Oil Prices Fall Further

BANGKOK, Jan 6 (Reuters) – Thailand’s top oil and gas explorer, PTT Exploration and Production PCL (PTTEP), may hold off on investing in five projects including those in Myanmar, Australia and Mozambique if crude oil prices fall further. Benchmark Brent crude extended losses to touch a 5-1/2-year low of $52.28 a barrel on Tuesday, following […]

Drivers welcome oil drop

Although 2014’s worldwide fall in crude oil prices has brought some relief for those filling their tanks in Yangon, local taxi drivers say they are yet to see as much of a price drop as expected. “It’s better than before, but I’m still not too happy that local prices haven’t dropped much in Myanmar,” said […]

Real estate prices in Yangon’s industrial zones fall

YANGON, Dec. 12 (Xinhua) — Real estate prices in industrial zones in Myanmar’s Yangon have been falling as un-utilized vacant plots and warehouses are faced with seizure under a recent ultimatum issued by the Yangon government, the semi-official Global New Light of Myanmar reported on Friday. The regional government set Feb. 1 next year as […]