Young Investment and Aust company get drilling permits

Two companies have received permits to drill for oil in areas in the centre and north of the country, the Ministry of Energy has said. Young Investment Group and Pacific Hunt Energy, an Australian firm, have won permission from Myanma Oil and Gas Enterprise (MOGE) and the government to drill on over 10 million acres […]

Garment sector sees more investment

Six foreign invested and three local invested firms were given the green light to invest at the first meeting of newly-reorganised Myanmar Investment Commission on May 31. The meeting was held at Yangon Region branch with 43 items on the agenda, including investment proposals. The companies receiving approval included garment makers, surgical-equipment producers and a […]