EGATi to Explore Investment in Renewable Energy Abroad

Egat chairman Areepong Bhoocha-Oom said EGATi, which is Egat’s overseas investment arm, would have to catch up with the global trend of green energy. Egat definitely wants two gigawatts of renewable energy. It will focus on Thailand and EGATi elsewhere to reach that target. EGATi president Watchara Hemruchatanun said EGATi has conducted a feasibility study […]

FDI Brings About Property Market Boom

​​ The local property market, especially in industrial zones, is expected to boom as the country sees a massive influx of foreign investments, according to House.com.mm. Nitesh Khirwal, Co-founder and Managing Director of House.com.mm said: “The Myanmar Investment Commission’s recent reforms and the new Myanmar Investment Law may have a huge impact on local property […]

Myanmar to Promote Outbound Tourism

​​ Hla Aye, vice chairman of the UMTA and managing director of Shan Yoma Travel & Tours Co, said on Tuesday that about 3 million Myanmar citizens went abroad for leisure and business on a yearly basis, while domestic tourism was enjoyed by more than 6 million people. “Myanmar people like travelling. If they have […]

India-Myanmar-Thailand trilateral highway agreement soon

NEW DELHI: The dream of a seamless travel in Southeast Asian countries will soon be reality with India all set to sign a strategic trilateral highway agreement connecting India-Myanmar-Thailand via road which is expected to give a big boost to trade and economy in ASEAN countries. According to the Ministry of Road, Transport and Highways […]

Sembcorp lands $422m deal to develop power plant in Myanmar

Sembcorp Industries has landed its first deal in Myanmar – a contract to develop a gas-fired power plant. The US$300 million (S$422 million) project, which will be the nation’s largest privately developed gas-fired power plant, will sell electricity to the state-owned utility when completed by 2018. The plant, in central Myanmar near Mandalay, will deliver […]

Japan to help upgrade Yangon’s ancient sewers

The new system, which is being put in place with help from the Japan International Cooperation Agency, will replace the colonial-era sewerage arrangements that were meant to serve a population of 300,000 people living in six townships. The installation is part of the city’s strategic development plan to 2040. Experts from Japan, Korea and Australia […]

Tight control on foreign stock investors

Tight restrictions will be imposed to prevent foreign investors from controlling the stock bourse before the Yangon Stock Exchange (YSX) opens in October, said chairperson of the Securities and Exchange Commission of Myanmar (SECM). Presently, the SECM won’t give permission to foreign funds and institutional investors to invest instantly in the YSX. “We will use […]