Combined FDI to Myanmar reached US$49 billion

Myanmar’s aggregate foreign investment has exceeded US$49 billion, including over US$3 billion approved in this year, according to the Directorate of Investment and Companies Administration. The agency, which keeps track on foreign direct investment (FDI), the investment value as of September 30, 2014, rose by US$3.68 billion from US$46.22 billion as of March 31, 2014. […]

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 […]

150 local companies registered to do oil and gas business with foreign firms

Over 150 Myanmar companies, including Shwe Taung, Edin and IGE, Kanbawza, A-1, Tarmoenye Chantha, have been registered in the Ministry of Energy to cooperate with foreign firms that will invest in the oil and natural gas sector, according to the Ministry. The Ministry of Energy offered tenders 18 inland blocks of oil and gas in […]