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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 […]

Will Myanmar become a conduit for Iranian crude into China?

On June 1, sometime between the US withdrawal from the JCPOA in early May, and its demand in late June that Asian buyers fully halt Iranian oil purchases, PetroChina snuck in a shipment of Iranian crude through Myanmar to its Yunnan Petrochemical refinery in southern China. On any other route, this would have been just […]

DICA releases additional guidelines for education investments

The Directorate of Investment and Company Administration (DICA) has released a list of additional guidelines and specifications to structure developments in the Myanmar education sector. The list, which was announced by DICA on August 10, includes a total of 17 points and comes four months after the Myanmar Investment Commission (MIC) on April 20 issued […]

Myanmar opens visa-on-arrival door

YANGON, 31 July 2018: Myanmar confirmed late last week it would ease visa procedures for three nationalities 1 October. Tourism officials quoted government sources saying tourists from Japan, South Korea and China would be granted a visa-on-arrival for up to 28 days. Details were sketchy with none of the official websites for the Hotels and […]

Yangon stock exchange seeks foreign investor interest

THE Yangon Stock Exchange (YSX) recently had a few champagne moments with the first “real” initial public offering by a Myanmar telecom company. And even while the bubbly was still fizzing another company was eyeing a listing. And, the moment foreign investors had been waiting for is almost here. For a start, foreigners residing in […]

IFC, partners working toward boosting Myanmar rice industry

YANGON, MYANMAR — IFC through a partnership with Australia, the United Kingdom and Japan signed a memorandum of understanding (MoU) with the Myanmar Rice Federation (MRF) to support sustainable growth of Myanmar’s rice industry. The MoU aims to accelerate changes in the industry through development, improvement, and promotion of milled rice standards and paddy grading […]

IFC, YCDC to improve construction permit system

The International Financial Corporation (IFC) the sister organisation of the World Bank, is partnering with the Yangon City Development Committee(YCDC) to reform the city’s construction permit system and optimise the role of the private firms. “The goal of this partnership with IFC is to streamline and automate Yangon’s construction permit process by June 2019. This […]