Semen Indonesia may drop Myanmar investment plan

State-run cement giant Semen Indonesia may cancel its plans to invest in Myanmar if the company and its local partner fail to reach an amicable agreement over the partnership deal, an executive has said. Semen Indonesia corporate secretary Agung Wiharto said that his company was facing another difficult round of discussions with its partner in […]

Parliament’s decision on electricity prices will be followed- Minister

Parliament’s decision on electricity prices will be followed, Khin Maung Soe, the Minster for Electric Power, said during a meeting with industrialists on November 9. On Friday, Myanmar’s parliament approved discussions on an urgent motion to reduce the electricity fees that the government has recently increased. Some MPs also argued against the hikes in electricity […]