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 […]

Roads can convert Myanmar from economic void to hub

  YANGON — Once regarded as “Asia’s missing link,” Myanmar is undergoing a road construction boom. Seen as vital for economic development, arterial roads are being planned and built with greater urgency, and advances in democratization as well as cease-fires with ethnic minority rebels have sped projects along. The construction of roads connecting Myanmar with […]

Shell begins review of BG Myanmar assets

Royal Dutch Shell has embarked on a detailed review of BG Group’s assets in Myanmar after the international oil giant completed a US$53 billion acquisition of its British rival on February 15. The two companies have been in discussions about the sale since 2014, but their Myanmar assets have not yet been combined, officials said. […]

Japan invests in Dawei

The multibillion-dollar Dawei special economic zone (SEZ) and related projects will go ahead at full scale after Japan yesterday agreed to take a one-third equity stake in the associated special purpose vehicle (SPV) jointly set up by Myanmar and Thailand. The deal was struck at the fifth Myanmar-Thailand Joint High-Level Committee Meeting that was attended […]

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 […]

Italian-Thai to construct $500m LNG terminal in Dawei, Myanmar

Thailand-based construction firm Italian-Thai Development is planning to construct a liquefied natural gas (LNG) import terminal at Dawei industrial zone Myanmar, with an investment of $500m. LNG The LNG terminal is part of the first phase of the $1.7bn Dawei project. It will be designed with an annual capacity of six million tons. The LNG […]

Gold rush slows ahead of elections

Bangkok (dpa) – When Myanmar began its political reforms in 2011, firms around the world salivated at the prospect of investing in the resource-rich and largely undeveloped country. But four years later there are signs that the rush to invest is being slowed by dragging market reforms and the country’s turbulent politics. Before 2011, Myanmar’s […]

Japan finally agrees to join Dawei

Japan is set to sign a deal in July to participate in Dawei SEZ Development Co (DSEZ), a special-purpose vehicle (SPV), to run the languishing multibillion-dollar Dawei megaproject in Myanmar. Arkhom Termpitayapaisith, secretary-general of the National Economic and Social Development Board (NESDB), said Japan would hold an equal partnership in the DSEZ with Thailand and […]

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 […]

Thailand, Myanmar to revive multi-billion-dollar industrial zone next year

BANGKOK — Thailand and Myanmar will sign a pact in January aimed at reviving the multi-billion dollar Dawei industrial zone in Myanmar, a Thai minister said today (Dec 4). Deputy Transport Minister Arkhom Termpittayapaisit, who is also secretary-general of the National Economic and Social Development Board (NESDB), said the Thai and Myanmar governments would meet […]