Myanmar’s remote Wa State suffers as fewer Chinese come to party

In a remote casino in northeastern Myanmar, China’s pervasive campaign against graft has taken its toll. Hundreds of local traders and farmers place petty bets as low as 10 cents, outnumbering a few Chinese who were once the VIPs of a gambling hall decorated with chandeliers and Renaissance-style paintings. “The business has been really bad […]

Burmese Gas Firm Official Confirms Plans for Doubling of CNG Price

YANGON — The price of compressed natural gas (CNG), which is used in almost all public buses and many taxis in Yangon, will rise by 100 percent, but likely not until sometime next year, an official from the Myanma Oil and Gas Enterprise says, denying local media reports that the price hike would take place […]

Myanmar’s oil sector attracts investment

The opening up of Myanmar’s economy after decades of isolation has led to a jump in oil demand, attracting local and foreign investors to build oil storage tanks and a terminal to meet rising consumption. Here are some details on the country’s oil sector. OIL DEMAND Fuel demand rose more than 5 percent to over […]

Ditching Clunkers, Car Imports Drive Burmese Demand for Oil

SINGAPORE / RANGOON — Burmese businessman Lay has doubled the number of cars he owns to six in just three years, as reforms in Southeast Asia’s poorest country unleash a wave of consumer spending. The opening up of the economy, with a loosening of military rule ending decades of isolation, has meant a surge in […]