Development of shipping industry, ports to be in focus to integrate with global economy As Asean countries prioritise on improving connectivity within and beyond the region, Myanmar has planned to take advantage of its strategic location between the two mostpopulated nations – China and India – to become a hub of maritime trade in Asia, […]
Dawei Project Gathers Pace
June 14, 2017 by
THE INITIAL Bt37-billion phase of the Dawei Special Economic Zone will by ready to kick off before the end of this year after Myanmar’s government signs a procurement contract this month with Italian-Thai Development (ITD), said company president Premchai Karnasuta. He said yesterday in Yangon after participating in a ceremony to open a representative office of the […]
Thailand Set to Lend Myanmar $128m to Build Road From Dawei SEZ to Border
March 2, 2017 by
Thailand is due to lend Myanmar $128 million to build a road from the Dawei Special Economic Zone to a town across the Thai border, according to a minister. Thai Transport Minister Arkhom Termpittayapaisith said Myanmar representatives agreed to the loan at a joint committee meeting of the SEZ last month, according to the […]
Tanintharyi Officials say Work on Dawei SEZ Could Restart
February 2, 2017 by
Plodding progress is being made on the long-delayed Dawei Special Economic Zone, according to Tanintharyi Region government officials, who are hoping the project will restart soon. Regional government officials visited Japan last month to discuss that country’s potential participation in the SEZ and reported strong interest. Tanintharyi Region Chief Minister Daw Lae Lae Maw […]
Thais feel impact of booming Dawei
March 28, 2016 by
BANGKOK • Saw Hdaik Oo, from Dawei in Myanmar, left home for Thailand when he was 15, in search of a job. He was fortunate to find one at a seafood-processing factory in Ranong, southern Thailand. And then even luckier to be promoted to oversee the refrigeration at a plant in Mahachai, which has one […]
Energy dilemma
March 15, 2016 by
Myanmar needs oil and gas revenue to spur its economy and new discoveries to feed its growing energy appetite, but low oil prices could bring cutbacks in exploration. Myanmar is bracing for a rougher ride after a few years of giddy economic expansion as foreign direct investment slows amid falling oil prices and global uncertainty. […]
Thilawa Takes in $500 Million in Investment
January 7, 2016 by
From November 2014 to December, a total 48 companies from 12 countries invested more than $500 million in Thilawa Special Economic Zone, said vice president U Nyan Tun, who is also president of the Central Working Committee for Myanmar Special Economic Zones. “Of the three SEZ projects, the most successful and the first one that […]
Shell offshore survey to begin next month
September 7, 2015 by
The Anglo-Dutch firm and its Japanese partner Mitsui Oil Exploration signed production sharing contracts with Myanmar in February for blocks AD-9 and AD-11 in the Rakhine basin, and MD-5 in Tanintharyi basin. The firms won the blocks as part of the 2013 offshore bidding round, which saw 20 blocks won by several international companies. Graeme […]
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