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Temasek and ADB back Myanmar investment fund

Private equity company Ascent Capital has launched Singapore’s first Myanmar-focused fund, with backing from high-profile investors including sovereign wealth fund Temasek and the Asian Development Bank. By CLARE HAMMOND | FRONTIER IN 2013, Mr Lim Chong Chong was sent on a mission to Myanmar. He was working for Singaporean wealth fund Temasek and, as he […]

Yoma Strategic taps Thai bond investors for new source of capital

Yoma Strategic Holdings is planning a bond offering to raise THB2.3 billion (US$70 million) in Thailand. The bonds have been given a triple A rating, according to a statement filed with the Singapore Exchange on Wednesday. The bonds, which will be guaranteed by the Asian Development Bank’s Credit Guarantee and Investment Facility (CGIF), will enable […]

Is Myanmar Ready to Become a Regional Trade and Supply Hub?

Japanese Prime Minister Shinzo Abe recently pledged to promote more than 150 quality infrastructure projects in five nations in the Mekong River subregion—Myanmar, Thailand, Vietnam, Cambodia and Laos—under a new blueprint, the Tokyo Strategy 2018 for Mekong-Japan Cooperation, which will be effective from 2019 to 2021. Japan and China are competing for influence in Southeast […]

Sembcorp starts commercial operation of 225-MW Myanmar power plant

SEMBCORP Industries on Wednesday announced that its 225-megawatt gas-fired Sembcorp Myingyan Independent Power Plant (IPP) in Mandalay, Myanmar, has successfully commenced full commercial operation following its first phase operation in May this year. The approximately US$300 million power plant uses advanced combined-cycle gas turbine technology that maximises power output while minimising emissions. With the successful […]

Surbana Jurong and Mitsubishi Corporation Enter Joint Venture to Set up Fund Management Company

SINGAPORE, Sept. 14, 2018 /PRNewswire/ — Surbana Jurong Capital, the newly established financial services arm of Surbana Jurong, and Mitsubishi Corporation today signed an agreement to set up a fund management company (FMC). The FMC will be a 50:50 joint venture between the two companies and will be jointly managed by both partners. The FMC […]

Ministry of electricity and energy, electricity supply enterprise, Expressions of Interest, EOI, Consulting Services, Submission Date: 27 September 2018.

Date 7th September 2018 Project No. 50020-002 Project Title Myanmar: Power Network Development Project Title of Assignment Project Implementation Consultant (PIC)    (Distribution Component) Deadline for Submission of EOI [27th September 2018 , 14:00 hr] 1. The Republic of the Union of Myanmar has applied for financing from the Asian Development Bank (ADB) toward the […]

Ministry of electricity and energy, department of power transmission and System control, Invitation for Expressions of Interest (EOI) – Consulting Services, Submission Deadline: 27 September 2018.

Date 7th September 2018 Project No. 50020-002 Project Title Myanmar: Power Network Development Project Title of Assignment Project Implementation Consultant (PIC)          -Transmission Component Deadline for Submission of EOI 27th September 2018, 14:00 hr 1. The Republic of the Union of Myanmar has applied for financing from the Asian Development Bank (ADB) […]

130 MW solar project announced in Myanmar

Thailand-based Modern Energy Management (MEM) says it has teamed up with an undisclosed investor to develop a 130 MWp solar PV project in Myanmar. It is expected to come online in Q4 2019. Overall, the country is said to have a large-scale solar pipeline totaling 1.5 GW. The renewable energy advisory firm will reportedly help […]

Operators unfazed as Myanmar slows

YOUNG entrepreneurs in Myanmar remain upbeat on the country’s economic outlook despite weakening of the kyat, high inflation and delay to reform. “It is not good if you look at the exchange rate. The kyat is retreating against the US dollar and Thai baht, We are in a unstable period,” May Mon Thu, managing director […]

DPTSC invites sealed bids for the Extension of the 230kV Thaketa Substation and the Construction of three new substations, Submission Deadline: 6 September 2018.

  Date: 24 July 2018 Loan No. and Title: Loan 3330-MYA Power Transmission Improvement Project Contract No. and Title: Package No (2 )- 7(T) DPTSC(PTP)/(2018- 2019): Design, Supply and Installation for 230Kv Thaketa Substation Extension and Three New Substations at Kyaikasan, South Oakkalapa and West University Deadline for Submission of Bids: 6 September 2018, 13:00 […]