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Decommissioning Challenges Escalating in South East Asia

For many decades now, South East Asia has been an important oil and gas producer, accounting for five percent of current global oil production. But now, age has caught up with oil and gas infrastructure in Myanmar, Thailand, Vietnam, Brunei, Malaysia and Indonesia. In February 2018 the Jakarta Post estimated that over the next decade, […]

Yangon Hotel Rates Remain a Bargain

YANGON, 8 November 2019: Yangon will close 2019 with at least 400 new rooms in the city’s highly competitive upper-scale hotel segment, according to the latest Colliers International Myanmar report. That pushes the room total from 5,300 in the four and five-star categories at the close of the second quarter of this year to 5,700 […]

Two Chinese Airlines Start Direct Flights from Yangon

Yangon Aerodrome Co Ltd, operator of Yangon International Airport (YIA), has announced the launch of Qingdao Airlines’ direct flight between Yangon and Ningbo in Zhejiang, China. Qingdao Airlines will operate an Airbus A320 aircraft with the capacity for 180 passengers for the new service that will operate every Monday and Friday between Yangon and Ningbo, […]

Myanmar Times Co-Founder Ross Dunkley Jailed for 13 Years in Drugs Case

YANGON—After a trial lasting more than a year, Australian national Ross Dunkley, the co-founder of the Myanmar Times newspaper, and his compatriot John Mckenzie, a former IFC and World Bank adviser, were sentenced to 13 years in prison by a Yangon judge on Tuesday for violating Myanmar’s anti-narcotics law. The two foreigners were apprehended in […]

Bar owner takes on prejudices

Lured by the prospect of running her own restaurant, Ma Hnin Yee Tun Win sold all her belongings in Australia and flew back to her native homeland during Myanmar’s democratic transition in August 2015. “I returned mainly to do business. I planned to do it for two years and, if unsuccessful, go back to Australia,” […]

Aussie survey finds private firms face hurdles in doing business

Red tape and access to skilled labour are significant constraints for businesses in Myanmar, according to a survey by the Australia – Asean Chamber of Commerce. Three-quarters of the respondents to the survey on Myanmar identified government bureaucracy as a significant hurdle while two-thirds identified access to skilled labour as a constraint. Respondents to the […]

Natural gas from Offshore A-6 plot to be produced in 4 years

Natural gas from Offshore A-6 block will be produced in 4 years time while other offshore blocks will be opened for international tender with the government current adjusting profit sharing rates, according to Union Minister for Investment and Foreign Economic Relations, Thaung Tun. “We have found natural gas in offshore 6. But, it is a […]

Changes in petroleum law could give Myanmar a boost in oil and gas investments

Changes in a petroleum law in Myanmar could help the Southeast Asian country attract investment in to the oil and gas sector, while reducing the growing strain on depleting domestic oil and gas reserves, according to a report by Fitch Solutions Macro Research. With Myanmar among the few under-explored upstream markets in Asia and interest […]

Southern Shan co-op exports $35,000 worth of coffee to Europe

A Shan-based co-operative involving almost a thousand local farmers has exported its first container of coffee worth US$35,000 to Europe. The Green Gold cooperative (co-op) exported its first container of select coffee to the European market on Friday. The United Nations Office on Drugs and Crime (UNODC) said the export represents a positive development in […]

Myanmar to hold investment fairs to spur development

Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]