India proposes oil refinery to expand presence in Myanmar energy

India wants to build a US$6 billion oil refinery in Thanlyin, Yangon, to rival China’s investments in Myanmar’s energy sector, according to India’s Foreign Secretary Harsh Shringla and Indian Army Chief MM Naravane during their joint visit to Myanmar this week, Indian media have reported. Myanmar has yet to confirm or announce the proposal. Under […]

Myanmar energy firm plans $35m investment

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 […]

Myanmar developer Dagon adds more agribusiness to its diet

YANGON — Dagon International will develop an industrial park here dedicated to food processing, the Myanmar conglomerate’s leaders told Nikkei on Thursday, tapping agribusiness in an effort to diversify beyond the core real estate segment. “In Myanmar, food factories are located in so many places lacking in internationally acceptable hygiene standards,” Chairman Win Aung said […]