Philippines Firms Eye ASEAN’s last Frontiers

PHILIPPINE conglomerates are watching out for opportunities in less developed but fast-growing Association of Southeast Asian Nations (ASEAN) members, drawn by the “unique needs” of these markets. Gross domestic product growth projections of the Asian Development Bank, International Monetary Fund, the World Bank and the ASEAN+3 Macroeconomic Research Office for Cambodia, Laos and Myanmar have […]

Offshore Myanmar contract goes to McDermott

POSCO International Corp. has awarded McDermott International, Inc. a front-end engineering design (FEED) contract for the Shwe Phase 3 gas field development offshore Myanmar, McDermott reported Tuesday. The scope of work under the contract includes FEED services for a new compression platform, a bridge link and modifications in existing platforms, McDermott notes in a written […]

Kansai Electric and MHPS sign agreement for survey on power plant maintenance

The Kansai Electric Power Co., Inc. (Kansai Electric) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) concluded an agreement for a preparatory survey on power plant maintenance using state-of-the-art technologies such as IoT and AI in the Republic of the Union of Myanmar on 3 July. The work was contracted to the two companies by the […]

Manila Water, IFC to collaborate on water projects in Asia Pacific

PARTNERSHIP FOR WATER PROJECT – Manila Water Philippine Ventures and Manila Water Asia Pacific President and CEO Virgilio C. Rivera Jr. (second from left) and IFC Regional Director for East Asia and the Pacific Vivek Pathak (center) shake hands during the MOU-signing together with Manila Water Company Chairman Fernando Zobel de Ayala (left) and IFC […]