Electricity subsidy is wrong, Pun tells minister

Business leader Serge Pun weighed into the debate on the country’s energy tariff reforms at the Myanmar Global Investment Forum in Nay Pyi Taw on September 11, calling the electricity subsidy “wrong” and saying that the authorities are not pushing reforms due to “political sensitivity.” “I think it [subsidising electricity] has always been a wrong […]

Ministry issues notice to proceed for Deedoke hydro project

The Ministry of Electricity and Energy has issued a notice to proceed to the developers of the 60-megawatt Deedoke hydropower project in Mandalay Region. Ministry officials signed the notice with the developers – Andritz of Austria, Kansai of Japan and High Tech Construction Trust, which is a subsidiary of Myanmar’s Shwe Taung Group – at […]

Myanmar Global Investment Forum 2018, 11-12 September 2018, Nay Pyi Taw, Myanmar

As the Myanmar economy returns to a more robust rate of growth, domestic and foreign investors continue to evaluating investment opportunities across the industrial landscape. The Myanmar Investment Forum 2018 will offer expert insights into the industries key to the Myanmar economy. With in-depth explorations of the infrastructure, energy, oil and gas, agriculture and tourism […]

Vietnam’s Viettel announces business strategy for Myanmar operations

Vietnam’s Viettel Group unveiled on Monday the business strategy for Mytel, its Myanmar-based telecom company, which will begin operations this Saturday, June 9. Mytel will focus on the data segment and new digital services, with D-A-T-A being its motto. “[This] stands for D-igital & new services, A-dvanced technology, T-rustworthy, A-ffordable & various services,” the company […]

Edotco takes over Ooredoo’s energy assets, management of telecoms towers

Telecoms tower firm Edotco signed with Qatari operator Ooredoo yesterday to take over energy assets and management of 1,250 tower sites across Myanmar in order to improve operational and energy efficiencies. Edotco Myanmar, which belongs to the Malaysian telecoms giant Axiata Group subsidiary Edotco group, will now be able to provide and manage energy for […]

Myanmar region woos French FDI

Myanmar’s underdeveloped Tanintharyi region bordering Kanchanaburi province plans to attract European investment mainly from French companies in the months to come, according to Phyo Win Tun, planning and finance minister of the Tanintharyi region government. “At the regional government, we frequently receive business delegations from Europe, including France, Italy, Czech as well as from other […]

Vietnam, Myanmar look towards 1 bln USD in two-way trade

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc and State Counselor of Myanmar Aung San Suu Kyi agreed to further deepen bilateral trade and investment on win-win basis towards achieving 1 billion USD or higher in two-way trade during their talks in Hanoi on April 19. The talks took place right after the welcome ceremony […]

Thai investors buoyed by CLMV investment climate

Following the strong economic growth in Asean, especially in CLMV countries (Cambodia, Laos, Vietnam, and Myanmar), Thai investors have expanded their regional investment by focusing on alternative energy, food and agriculture processing, tourism, and service business. According to a report by the Bank of Thailand, as of September 30, 2017 Thai investors showed outstanding direct […]

Price, quality of domestic petrol and diesel under scrutiny in Yangon

Private petrol stations in Yangon are selling around 270,000 gallons of petrol and 150,000 gallons of diesel at spot prices on a daily basis, U Han Htoon, Minister of Agriculture, Livestock, Forestry and Energy said in the Yangon Parliament this week. Concerns over higher petrol and diesel prices are rising as global oil prices have […]

JICA Surveys Infrastructure Needs for Dawei SEZ

YANGON- A team led by the Japan International Cooperation Agency (JICA) is making a survey on the implementation of basic infrastructure, such as a deep sea port and electricity supply, in Dawei Special Economic Zone (SEZ), Taninthayi Region. This is according to Dr Tun Naing, Deputy Minister of Electricity and Energy, who is also chairman […]