New round of oil and gas exploration bids to be called soon

The Ministry of Electricity and Energy (MOEE) has announced that it will be calling for bids on onshore and offshore oil and gas blocks for this year. The announcement was made for 18 onshore and 15 offshore blocks in Rakhine State during the Rakhine State Investment Fair 2019 on February 22. MOEE Minister U Win […]

Selling Rakhine to the World

In the wake of the 2017 Rohingya crisis and ongoing fighting between the military and Arakan Army, the Myanmar government is desperate to attract investors to Rakhine State in hopes that they will help reverse the fortunes of one of the country’s poorest regions. To that end, it invited more than 600 of them to […]

Govt announces ‘project bank’ to get Myanmar building

The government has announced the launch of an online “project bank” which will change the way infrastructure programmes are planned, determined and funded. Speaking at the Invest Myanmar Summit in the capital city, deputy finance minister U Set Aung said the project bank will contain priority infrastructure initiatives which have been screened and approved by […]