Frustration mounts as Kyaukphyu port negotiations stall

Kyaukphyu’s Chinese investors have hit back at criticisms over their majority stake in a proposed deep-sea port in Rakhine. They emphasised that it was the Myanmar government who drew up the shareholder structure and that the ball is in Nay Pyi Taw’s court to break the inertia and move the negotiations forward. Kyaukphyu is the […]

Fuel Importers Submit Proposal for Deep-Sea Port in Yangon

Representatives of the oil and gas in­dustry have sub­mitted a business propos­al to the government to a build a deep-sea port near Yangon. “We are studying the potential logistics and feasibility of a deep-sea port project 20 miles from Yangon to reduce transportation costs for maritime trade and fuel imports,” Dr Win Myint, Secretary of […]

Facebook Campaign in Kayin State Against Coal Power Plant

KAYIN – Facebook users have been changing their profile pictures to be part of a mass campaign that says ‘‘In Karen State No Coal”. Local people and civil society organisations oppose plans for a coal-fired power plant to be built beside the Thanlwin River near Thone Ein, Watgyi and Htonetaung villages in Hpa-an township, groups […]

Transparency, Ongoing Disclosure Crucial for Stakeholder and Investor Confidence

Transparency and disclosure practices are crucial for businesses seeking to build trust with stakeholders, attract investors and ensure accurate media reporting, experts in a corporate governance forum have said. The International Finance Corporation (IFC), a member of the World Bank Group, and the Securities and Exchange Commission of Myanmar (SECM) organised a forum at the Yangon […]

Thailand reaffirms Dawei plans, but does Myanmar?

“The governments of Thailand and Myanmar reaffirmed that the Dawei megaproject will create thousands of jobs and improve the livelihoods of people along the border,” according to Thailand’s caretaker Prime Minister Gen Prayuth Chan-ocha. Prayuth was speaking at a joint press conference in Bangkok on Friday. Myanmar leader Aung San Suu Kyi also addressed reporters, […]

Mon State Cement Plant Nearing Completion amid Ongoing Opposition

RANGOON — A Thai-backed cement factory under construction in Mon State is on track to begin operations in mid-2016, the company said this week, despite ongoing opposition from locals over the presence of a coal-fired power plant on the site. The factory in Kyaikmayaw Township, situated near the Zami River—an important water source for at […]

Thai cement giant tackles Mon coal fears

Siam Cement Group has invited a number of monks to visit its plant in Thailand, as part of the company’s efforts to ease local concerns about a coal-burning plant that will power its new cement factory in Kyaikmaraw, Mon State. Mawlamyine Cement Limited (MCL), a joint venture between SGC and Pacific Link Cement Industries, is […]

A special zone on Myanmar’s border

DAWEI (Myanmar) • It has been eight long years since engineer Suphap Satthathum first set foot in the tropical scrub jungle by the immense curve of beach near the port town of Dawei, in Myanmar’s southernmost Tanintharyi state that borders Thailand. But today, as he strides on the jetty his construction company has built, he […]

Kyaukphyu bidders come from China

The ongoing tender to build portions of Kyaukphyu special economic zone has attracted interest almost entirely from Chinese firms. Of the total 12 companies that have so far entered bids, 11 are from mainland China and the other one is a local company, according to a businessperson close to the situation. The Bid Evaluation and […]

Japan aid widens Myanmar factories vs farms divide

THILAWA, Myanmar (AP) – Tin Hsan and her husband lived modestly in the outskirts of Myanmar’s commercial capital Yangon, growing rice and betel leaves on their 22 acres and peddling vegetables, but they got by, until they were forced to move to make way for Thilawa, a showcase industrial zone being built with Japanese aid. […]