Chinese giant works to win the people

Though the Kyaukphyu area is set for large-scale investments, it is in Rakhine State, which is also home to some of the country’s poorest communities. Kyaukphyu hopes to become a hub for the oil and gas industry and is to be home to one of Myanmar’s three Special Economic Zones – yet local residents risk […]

Myanmar gets US$350m from seafood export

Myanmar has earned more than US$350 million from over 200,000 tons of fisheries products exported in the past eight months of this fiscal year (2013-14), according to Ministry of Livestock, Fisheries and Rural Development. The country expected to earn US$ 440 million this year from the seafood export through the normal trade routes. And it […]

Myanmar receives largest aids from Japan and US

The largest portion of international aids which Myanmar has received since Thein Sein’s government took office in 2011 came from Japan and the United States, according to a report from Ministry of National Planning and Economic Development. The combined aid funds from the two countries amounted to over US$460 million, said the report. Since the […]

Ministry to cooperate with private companies to generate more power

The Ministry of Electric Power will team up with the private sector to address the problem of power shortages. Myanmar is expected to consume about 1688 MW in the summer time. But the actual demand is about 2060 MW. Only about 30 per cent of the total households in the country has connected to the […]

Ooredoo to spend $60 million on development projects

Ross Cormack, the Senior Representative of Ooredoo in Myanmar said that the company will spend $60 million within 10 years on social development projects in Myanmar. Ooredoo, based in Qatar won one of the two tenders for telecom licenses on June 27. The other was won by the Norwegian firm Telenor. The announcement was made […]