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Myanmar’s offshore oil fields

The article will bring the message about energy sector of the country, with high expectation to increase electricity consumption of the country in next five years and to share knowledge of energy sector. Myanmar already has four offshore natural gas fields at present. The total production capacity from three projects in Muttama/Martaban offshore—Yadana, Yetagon and […]

Myanmar plans alternative market to jump-start stock exchange

Myanmar’s securities regulator and the Yangon Stock Exchange are planning to establish an alternative market where investors can trade shares of unlisted companies, the Nikkei Asian Review has learned. Dubbed the Myanmar Public Companies Board, the new market will be a steppingstone for companies to list on the fledgling Yangon Stock Exchange, according to a […]

YKKO: From small shop to major brand

From a small neighbourhood shop selling vermicelli and meatball soup about three decades ago, Yan Kin Kyay Oh (YKKO) has grown into a prominent Myanmar brand with 38 outlets across the nation. “We have branches in five cities – Yangon, Mandalay, Nay Pyi Taw, Mawlamyine and Bago. By the end of this year, we expect […]

‘US keen to invest, strengthen ties with Myanmar, but faster reform needed’

The lack of infrastructure, clearer rules on business and domestic politics continue to be issues weighing on investor sentiment towards Myanmar. US Ambassador to Myanmar Scot Marciel, who spoke at the American Chamber of Commerce Myanmar’s “Improving Ease of Doing Business Forum” yesterday, acknowledged that while the government has been implementing reforms and building infrastructure, […]

Yangon inviting foreign help on housing

The Yangon Region government will invite foreign participation in efforts to build more affordable housing, said Chief Minister U Phyo Min Thein. The chief minister was speaking at a press conference to brief the media on the regional government’s progress after three years in office. “As Yangon has many industrial zones, many migrants workers are […]

Myanmar state counselor calls for working with private sector to achieve development goals

YANGON, May 11 (Xinhua) — Myanmar State Counselor Aung San Suu Kyi has called for working together with the private sector to achieve the country’s development goals, while ensuring the maintenance of a responsible and sustainable business environment. In her video message on the occasion of the Yangon Region Investment Forum 2019, which began on […]

More FDI expected in power sector in five years

Myanmar’s power sector will spearhead growth in the infrastructure industry and draw the bulk of foreign direct investments (FDI) over the next five years, Fitch Solutions Macro Research said in a report released April 23. With just 40 percent of all households enjoying access to electricity as at September 2017, which is amongst the lowest […]

China-built power plant hailed in Myanmar for benefitting people

People in Myanmar’s southern Mon state were hailing the recent inauguration of a China-built combined cycle gas turbine power plant in the state that has made over 1,500 villages in the state possible for access to electricity. The power plant of 118.9 megawatts’ capacity was built by China Energy Engineering Corporation (CEEC) after it won […]

Huawei Myanmar calls for govt to facilitate change

DESPITE being caught in the trade war between China and the United States, Chinese giant Huawei Technologies Co remains confident of continued healthy growth in Myanmar thanks to the rising demand from locals, Liman Zhang, chief executive of Huawei Myanmar, said. In an interview with The Nation, Zhang said the firm stands ready to enjoy […]

Direct service to Chonqing begins

Hainan Airlines, China’s fourth largest airline, on Sunday began providing direct flights from Yangon to the south-western port city of Chongqing. The airline is the 32nd international airline to operate in Yangon, according to a statement from the Yangon Aerodome Co Ltd (YACL). Hainan Airlines will fly the Yangon-Chonqing route four times a week using […]