Yangon port suffers shortage of palm oil storage space

Due to a shortage of tanks for storing palm oil in the Yangon port, ships carrying palm oil have been forced to wait at the entrance of the port, according to an announcement released by the Myanma Port Authority. “In the 2014-15 fiscal year, private companies imported 502,536 metric tonnes of palm oil on 111 […]

Tycoon’s Plans for Putao Come under Scrutiny

MYITKYINA, Kachin State — Surrounded by Myanmar’s highest, snow-capped mountains, the remote and rugged Putao Valley in northern Kachin State is a place of stunning beauty and pristine mountain landscapes. This wilderness amid the Himalayan foothills is home to unique wildlife and vast forests, endangered Himalayan Yew trees and rare orchids, and even a small […]

Private companies lease land plots for fuel storage and distribution

Over 135 acres owned by Myanmar Port Authority at Thilawa Special Economic Zone in Thanlyin and Kyauktan Townships of Yangon region have been leased to private fuel companies to operate fuel storage and distribution, according to Directorate of Investment and Companies Administration (DICA ). Five companies comprising PadaukShwewa, ThuriRaSweninn, ShweTaung, International Group of Entrepreneur and […]