DRIVEN by its vision to become an innovative leader in Myanmar’s growing energy sector, locally-owned Parami Energy Group of Companies plans to invest US$35 million (Bt1.15 billion) in its LPG (liquefied petroleum gas) business over the next three years, according to Group CEO Ken Tun, aka Pyae Wa Tun. He told a media roundtable on […]
World Bank cuts Myanmar’s growth forecast to 6.2%
October 12, 2018 by
The World Bank has revised downwards its forecast for Myanmar’s economic growth by 0.5 percentage points to 6.2 percent in the fiscal year 2018-19. The World Bank East Asia and Pacific economic update released this month downgraded Myanmar’s GDP growth projections from the previous forecast, saying seasonal floods, rising cost, inflationary pressures and the Rakhine […]
Chinese manufacturers eye Myanmar base as trade war escalates
June 28, 2018 by
Myanmar stands to gain from the ongoing trade spat between China and the US, U Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA), said yesterday. Interest to set up manufacturing and production facilities in Myanmar among the Chinese has risen ever since the US this month imposed a […]
Oil Pipeline Through Myanmar Highlights China’s Growing Import Dependence
April 22, 2017 by
Oil began flowing into a crucial pipeline in Myanmar this week, after years of delay. The pipeline, along with a twin natural gas line running along the same route, is an essential element of China’s strategy to diversify its sources of oil supply. When the pipeline reaches maximum capacity, it could account for as much […]
Chinese companies showing interest in Myanmar avocados
September 21, 2016 by
A number of Chinese companies have plans to visit Myanmar and meet with local traders to start Importing avocados, according to the Myanmar Fruit and Vegetable Producers Association (MFVP). The MFVP showed such Fruits as avocados, mangoes, Pomelos, watermelons and honeydew Melons as well as Myanmar Thanakhar and tea leaves at a Fruit exhibition which […]
Chinese-led group to build Indian Ocean port, industrial park
January 7, 2016 by
Myanmar has chosen a consortium of mostly Chinese companies to develop a special economic zone sitting near plentiful offshore natural gas reserves. The Kyaukphyu zone, in the western state of Rakhine, already has an oil and gas pipeline connecting it to China, whose influence over southern neighbor Myanmar could grow as a result of the […]
Saha Group subsidiary Tiger expands to Myanmar
February 23, 2015 by
Tiger Distribution & Logistics Co, a subsidiary of Saha Group, has set up a joint venture with local partners in Myanmar to expand its logistics and warehouse business. Tiger Distribution & Logistics (Myanmar) has registered capital of 10 million baht. ICC International Plc, a marketing arm of Saha Group, and Vichien Kantathavorn, founder and managing […]
Multimillion-dollar Chinese companies not listed as top taxpayers
December 31, 2014 by
Chinese companies that are attempting to invest Ks 7 trillion in New Yangon City were not listed on this year’s top tax-payers list. Myanmar Setana Myothit Public Co is owned by a Chinese entrepreneur and was planning to develop the Yangon Myothit Project. The project has never held an open tender, and its details have […]
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