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Thai developer WHA eyes 20% revenue growth this year – CEO

[BANGKOK] WHA Corp, Thailand’s top industrial estate and warehouse developer, targets a 20 per cent revenue growth this year on higher government spending on infrastructure, foreign investment and a growing e-commerce market, its chief executive said on Wednesday. The company is also set to benefit from tax incentives that its customers receive on the Eastern […]

PTTEP confirms its commitment to Myanmar oil and gas

PTTEP reaffirmed its commitment to the development and growth of Myanmar’s oil and gas industry at the Offshore Technology Conference Asia 2018 this week. Despite the exploration and development challenges in Myanmar’s oil and gas sector, opportunities for successful discovery and production can be captured with the effective use of innovation and people, said Mr. […]

PTTEP’s net profit jumps 60% from recovered oil prices & effective operation & cost management

PTT Exploration and Production Public Company Limited (PTTEP) reported 2017’s net profit at USD 594 million (equivalent to THB 20,579 million), soaring by more than 60% despite the impairment recognition of USD 558 million from the development plan adjustment in the Mariana Oil Sands project. Earnings Before Intereset, Taxes, Depreciation and Amortization (EBITDA) margin maintained […]

Government to Give Investors Equal Rights at New Industrial Zones, Satellite Townships

The government has plans to build new in­dustrial zones and satel­lite townships across the country, U Kyaw Win, the minister for planning and finance, told an invest­ment conference. Under the plans, foreign and local investors in old industrial zones will also have equal investment rights in new projects, added U Kyaw Win. “The existing industrial […]

Tanintharyi Officials say Work on Dawei SEZ Could Restart

​​ Plodding progress is being made on the long-delayed Dawei Special Economic Zone, according to Tanintharyi Region government officials, who are hoping the project will restart soon. Regional government officials visited Japan last month to discuss that country’s potential participation in the SEZ and reported strong interest. Tanintharyi Region Chief Minister Daw Lae Lae Maw […]

Chevron says no plan to exit Thailand, may keep stake in Myanmar gas field

Aug 19 Chevron is committed to its Thailand investments despite job cuts that have spurred rumours of the U.S. oil major’s exit, and may keep a Myanmar gas field stake if no attractive offer is made for the asset, an executive said in a statement on Friday. The U.S. oil major – the country’s largest […]

Doubts raised over Chinese oil refinery plan

A Chinese-led US$3 billion plan to build Myanmar’s largest oil refinery near the southern city of Dawei has raised questions about China’s strategic intentions in launching apparently commercially unviable projects, while local groups have already signalled their opposition. Guangdong Zhenrong Energy Co, a Chinese state-controlled commodity trader, said the Myanmar Investment Commission (MIC) had signed its […]

Energy dilemma

Myanmar needs oil and gas revenue to spur its economy and new discoveries to feed its growing energy appetite, but low oil prices could bring cutbacks in exploration. Myanmar is bracing for a rougher ride after a few years of giddy economic expansion as foreign direct investment slows amid falling oil prices and global uncertainty. […]

Noble Twin Dragons Guides Myanmar Out of the Fog

Jakarta. Myanmar today is like a young lady dressed up and ready to compete after many years of being controlled by her previous reign. Now development is fast-paced and if you blink you may miss the latest changes. It takes strong nerves to handle the challenges, but Noble Twin Dragons, a new rising Myanmar company […]