Thailand reaffirms Dawei plans, but does Myanmar?

“The governments of Thailand and Myanmar reaffirmed that the Dawei megaproject will create thousands of jobs and improve the livelihoods of people along the border,” according to Thailand’s caretaker Prime Minister Gen Prayuth Chan-ocha. Prayuth was speaking at a joint press conference in Bangkok on Friday. Myanmar leader Aung San Suu Kyi also addressed reporters, […]

Offshore Upstream Activities Taking Shape in Myanmar, Slowly

The year-long process by Myanmar to formally conclude the award of 20 production sharing contracts (PSCs) offered in Offshore Bidding Round – 2013 is finally within sight and the remaining blocks are expected to be awarded soon. Despite the current industry downturn, arising from low oil prices which fell by over half since the second […]

China is major investor for mineral extraction in Myanmar and Mongolia

China, billed as the major investor in the exploration and production of Myanmar natural resources, is also a big player for mineral extraction in Mongolia, said S. Javkhlanbaatar, the director of Invest Mongolia Agency. China is presently the second-largest investor in Mongolia. Its investment projects include property development. In Myanmar, China is keen to invest […]

New FDI rule on the way coming weeks

New rules for the Foreign Investment Law will be issued in the coming weeks, the Ministry of National Planning and Economic Development says. Directorate of Investment and Company Administration director general U Aung Naing Oo said the ministry had finished the revision, which is likely to result in more restrictions on foreign investment, particularly in […]

China expands its investment in mining sector

Sichuan Henglu Industrial Company from China and Myanmar’s Good Plus Star Mining Company have formed a joint-ventured company named GPS Joint Venture to refine lead in Kalaw Township, Taunggyi district at Shan State. The joint-ventured company has been permitted to start operation by a meeting of Myanmar Investment Commission (MIC) held at Nay Pyi Taw […]

New investment regulations will benefit Myanmar and its investors

Oil and gas industry experts have said that the new regulations for oil and gas exploration bids will benefit Myanmar financially and promote investment sharing. The Ministry of Energy has released the new Standard Regulations (PSC/IPR) for interested bidders on oil and gas blocks in Myanmar. Under the new regulations, the country will have 2.5% […]