Wary of China, India Moves to Woo a New Myanmar

Days after Aung San Suu Kyi made a high-profile trip to China as foreign minister of Myanmar, Indian External Affairs Minister Sushma Swaraj visited Mynamar in the first high-level visit from India after the civilian government assumed office in Naypyitaw. Myanmar’s President Htin Kyaw is on a four day visit to India as well this […]

MPE opens more tenders

Myanma Petrochemical Enterprise (MPE) has invited local and foreign companies to submit proposals for a further slate of joint ventures, according to an announcement on May 25. The first tender invites private companies to build a Liquefied Petroleum Gas (LPG) terminal and supply chain for the LPG business. Interested investors should submit letters of expression […]

Puma and PTT left standing in race for refinery

a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> Two firms are still competing for the rights to join Myanmar Petrochemical Enterprise in refitting for the Thanlyin Refinery Joint Venture Project, according to a statement. Although about 20 international companies had initially signaled interest in the project, only four submitted proposals. The list has now been narrowed to two, PTT and […]

India to provide $150 million to set up SEZ in Myanmar

New Delhi: India has offered USD 150 million of credit for project exports to set up a SEZ in Myanmar and has expressed hope that the neighbouring country would permit Indian banks to set up branches there. The issues came up for discussion during the three-day visit of Commerce and Industry Minister Anand Sharma to […]