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Good growth potential for gum crop

The Japanese and Chinese governments have signed agreements to buy gum sterculia from Myanmar. The agreements were signed in Myaing township, Magway Region, on March 9. Gum sterculia, also known as gum karaya or Indian gum tragacanth, is a vegetable gum produced by trees of the genus Sterculia. The gum is used as a thickener […]

Basic Energy buys stake in 2 Thai EPC firms working on 220 MW Myanmar PV project

The Philippines-based energy company has signed the share purchase agreements to acquire a 15% stake in two Thai companies, which are building a 220 MW utility-scale solar power project in Myanmar. Philippine-listed energy developer Basic Energy has purchased a 15% stake in two Thai EPC contractors, Vintage EPC Co. Ltd (VEPC) and VTE International Construction […]

PETRONAS to begin drilling development wells in Taninthayi

MYEIK- Malaysian state-owned oil company PETRONAS will be beginning drilling development wells in M-12, M-13 and M-14 in the north-west sea from Myeik Township, Taninthayi Region, in October, November and December. The company yesterday held a meeting with the public in Myeik Township before carrying out the Environmental Impact Assessment (EIA) concerning the exploration activities. […]

BEC secures investments in Myanmar solar plant contractors

Basic energy corp. (bec) has secured equity investments in the engineering, procurement, and construction (epc) contractors for a 220-megawatt (mw) solar power project in myanmar. In a disclosure to the Philippine Stock Exchange (PSE), BEC said that its board confirmed the company’s 15 percent equity investments in the Vintage EPC Company Limited and VTE International […]

Basic Energy to pursue equity purchase in Thai firms

The De Venecia-led Basic Energy Corporation has indicated that it will push ahead with its planned 15 percent share purchase in Thai firm Vintage EPC Company Limited and affiliate VTE International Construction Company Limited. The listed firm has noted in its disclosure to the Philippine Stock Exchange (PSE) that “the purchase of the shares is […]

KBZ Bank partners with Action Aid Myanmar to assist female farmers for financial assistance

Kanbawza Bank (KBZ Bank), the largest privately-owned bank in Myanmar, is to support the improvement of the standards of living for women agricultural producers in the central part of Myanmar by providing access for financing, partnering with Action Aid Myanmar, a non-profit organisation operating here since 2006. “As the first year pilot phase, we have […]

Minbu solar power plant construction begins

The Ministry of Electric Power and Energy has begun constructing the 170MW Minbu solar power plant in Magway Region. Upon completion, it will generate 350 Million Kilowatt Hours yearly and supply power to 210,000 households, a source at the Ministry of Electric Power and Energy said. GEO (Myanmar) Co Ltd is now implementing the 170MW […]

Basic Energy investing in 2 Thai firms

Basic Energy Corp. has agreed with Thailand-based Vintage Engineering PCL (VTE) on the terms of investing in two of the latter’s subsidiaries involved in what is considered as Southeast Asia’s largest solar power project. Basic Energy said in a disclosure to the Philippine Stock Exchange that it had signed with VTE an investment term sheet, […]

Elite Company joins LPG race

Elite Company has been granted permission to distribute Liquefied Petroleum Gas (LPG) in Myanmar, director of State-owned Myanma Petrochemical Enterprise (MPE) U Aung Myint told The Myanmar Times after a press conference on October 12. LPG is a flammable mixture of hydrocarbon gases used as a substitute for electricity in cooking. Elite Company will start […]

North Petro Chem Corporation Ltd of China exploring gas field in Ngahlaingtwin area

Deputy Minister for Electricity and Energy Dr. Tun Naing described joint oil and gas exploration and production projects between Myanma Oil & Gas Enterprise (MOGE) and North Petro Chem Corporation Ltd of China to yesterday’s meeting of the Amyotha Hluttaw. The deputy minister said North Petro Chem Corporation Ltd signed a PSC with MOGE for […]