Deepwater rigs to come to Myanmar

Deepwater production is perhaps the most complicated method of petroleum extraction – and one with which Myanmar has little experience. While there are currently four offshore platforms in the country’s waters – Yetagun, Yadana, Shwe and Zawtika – all are considered to be shallow-water projects. Yet Myanmar auctioned off the rights to explore and eventually […]

Foreign money flows into Myanmar

YANGON — Foreign companies are making a full-fledged inroads into Myanmar, spurred by rising wages in Thailand and other neighbors and the establishment of industrial parks there. This year is expected to bring the greatest amount of investment by Japanese and other foreign firms in Myanmar’s history, but many problems remain to be solved, including […]

Dusit moves into Myanmar

More than 10 properties in the pipeline Dusit International aims to cash in on Myanmar’s growing popularity as a leisure and corporate destination through the opening of the dusitD2 Residence in Yangon. “Myanmar bears enormous potential in the tourism industry, offering a wide diversity of attractions ranging from historical, cultural and beaches and even snow-capped […]