Expect kyat to depreciate over the next two years: Fitch

The Myanmar kyat could weaken in the coming quarters as a result of renewed trade tensions between the US and China and resistance against pressure to slash interest rates by the Federal Reserve. According to forecasts released by Fitch Solutions Macro Research this month, the kyat is expected to weaken to K1600 per US dollar […]

PTTEP to raise investments in Myanmar offshore projects to maintain gas production

Since 2014, a total of 345 million cubic feet of natural gas for daily domestic consumption and export to Thailand is channeled from the offshore Zawtika Project in the Gulf of Moattama to the Zawtika Operation Center (ZOC) in Kanpauk Township, Tanintharyi, said Mr Piya Sukhumpanumet, general manager of PTTEP Myanmar Assets. Natural gas, which […]

Mining in the Mekong: Myanmar to outperform, Thailand to underperform – report

There is big opportunity, and and also big risk in the Mekong mining sector, according to recently published report. Fitch Solutions Macro Research’s industry analysis maintains the Mekong region will remain underdeveloped and dominated by domestic players in the coming years as foreign investment flows into the sector will be minimal amid a myriad of […]