Thailand, Myanmar jointly promote maritime tourism

PHUKET,(NNT) – High ranking officials from Thailand and Myanmar plan tourism and investment promotion opportunities for both countries’ tourism and services sectors. Permanent Secretary of the Ministry of Tourism and Sports (MOTS) Pongpanu Svetarundra, along with the Governor of Phuket, Chokchai Dejamornthan, have welcomed Myanmar’s Minister of Hotels and Tourism Ohn Maung for a conference […]

Myanmar’s Road Construction Plans: Potholes Ahead

Despite a proven wealth of natural resources and a large, albeit suppressed, domestic market, Western interest in Myanmar has so far been limited. Asia, however, is taking far more notice. While immediate neighbors China and Thailand look to promote their own regional priorities in Myanmar, East Asian nations, such as Japan and South Korea, have […]

Myanmar: Ground Zero for China-India Energy Competition | Geopolitical Monitor

Since the early 1990s, China’s remarkable economic growth has led to a dramatic increase in its domestic energy needs, prompting its state-owned national oil companies (NOCs) to embark upon a worldwide search for oil and gas reserves. This strategy has been successful in diversifying import sources and satisfying the demands of a growing economy, yet […]

Govt Invites Proposals for New Hotels in Myeik Archipelago

RANGOON — The Myanmar Investment Commission (MIC) is inviting proposals for new hotel projects in the Myeik Archipelago, which will be assessed for environmental friendliness in cooperation with the Tenasserim Division government. The development of the archipelago in Burma’s far south for “eco-tourism” is prioritized in the Tourism Master Plan 2013-20, which was devised under […]

Three offshore gas fields see low demand from partner countries

THREE of Myanmar’s four offshore gas fields have attracted low demand for natural gas from partner countries, according to Electric Power and Energy Ministry. The Zawtika Project, the country’s largest offshore gas field has proven to be the exception. The low demand has been linked to the fall in crude oil prices in the world […]

Myanmar’s wireless market heating up

YANGON — Competition in Myanmar’s mobile phone market is getting fierce. With sustained downward pressure on prices, the industry fears it could squeeze itself out of profitability. And things could get worse. Last July, Myanmar’s Ministry of Communications and Information Technology said it would invite bids for a fourth mobile phone operator’s license. At first, […]

Doubts raised over Chinese oil refinery plan

A Chinese-led US$3 billion plan to build Myanmar’s largest oil refinery near the southern city of Dawei has raised questions about China’s strategic intentions in launching apparently commercially unviable projects, while local groups have already signalled their opposition. Guangdong Zhenrong Energy Co, a Chinese state-controlled commodity trader, said the Myanmar Investment Commission (MIC) had signed its […]

Myeik island developer runs into Japanese pearl farm

A local developer’s plans to build an island resort in the Myeik Archipelago have been blown out of the water by the Myanmar subsidiary of Japanese pearl giant Tasaki, which claims the project would impact its farming area. Myeik Public Corporation has been trying for the past two years to secure Myanmar Investment Commission approval […]

Thai tourism firms urged to look into Myanmar and Cambodia

Thai tourism and hospitality businesses are being urged to tap into Myanmar and Cambodia to cash in on growing tourism in the two neighbouring countries. Tourism and Sports Minister Kobkarn Wattanavrangkul said Myanmar and Cambodia were in dire need of tourism-related investment and hospitality knowledge from Thailand to upgrade their tourism destinations. Cambodia’s tourism minister […]

BG Group and Woodside to start offshore exploration

BG Group will undertake 3D seismic surveys in blocks A-4 and AD-2 in the Rakhine basin off the western coast of Myanmar, starting from November 23. The company will conduct seismic campaigns using a Ramform Sovereign ship until the end of April 2016, according to the statement. Woodside Energy also will carry out 3D seismic […]