Solar energy to power Maubin industrial park

Solar energy will be distributed at the recently opened Maubin Industrial Park, according to Ayeyawady Region government. The electricity infrastructure plays a vital importance for the development of industrial zone. The State still cannot supply sufficient electric power for the park. And so, the companies concerned are preparing to supply solar energy, said U Win […]

Osaka business group to help lure firms to Japan-backed economic zone in Myanmar

The Osaka Chamber of Commerce and Industry has agreed to help attract small and medium-size companies to the Japanese-backed Thilawa Special Economic Zone near Yangon by establishing small rental factory spaces, the zone’s operator has announced. The OCCI, which is comprised of businesses around Osaka, and the Union of Myanmar Federation of Chambers of Commerce […]

A private company proposes to supply electricity in Myeik

A private company, South East Asia Energy and Electricity Company, has submitted a proposal to Taninthayi regional government to supply 60 megawatts of electricity generated from hydropower, solar power and fuel oil (FO), with an investment of more than US$60 million in Myeik district, sources said. The company intends to supply electricity generated from hydropower […]

KB Kookmin Bank signs MOU with Myanmar’s Construction and Housing Development Bank

SEOUL, Feb. 17 (Yonhap) — KB Kookmin Bank, a major South Korean bank, has signed a memorandum of understanding with Myanmar’s Construction Ministry and its state-run Construction and Housing Development Bank, KB Financial Group said Friday. Under the deal, KB Kookmin Bank plans to provide financial support to Myanmar’s plan to expand houses for its […]

Thailand, Myanmar jointly promote maritime tourism

PHUKET,(NNT) – High ranking officials from Thailand and Myanmar plan tourism and investment promotion opportunities for both countries’ tourism and services sectors. Permanent Secretary of the Ministry of Tourism and Sports (MOTS) Pongpanu Svetarundra, along with the Governor of Phuket, Chokchai Dejamornthan, have welcomed Myanmar’s Minister of Hotels and Tourism Ohn Maung for a conference […]

About 100,000 tonnes of pulses to be sold to India under G to G agreement

About 100,000 tonnes of pulses will be sold to India per year under a government-to-government (G to G) agreement, according to the Commerce Ministry. Preparations to sign a bilateral Memorandum of Understanding (MoU) about the export of pulses are being made. The Myanmar Pulses, Beans and Sesame Seed Merchants’ Association will cooperate with the Commerce […]

Myanmar-Korea textile zone to create 60,000 jobs

A five-hundred acre textile factory zone, which will reportedly create 60,000 employment opportunities for Myanmar workers, is reportedly to come to fruition through the concerted efforts of Myanmar and Korean business groups. The Myanmar Olympus Asia Developer Group and the Korean PANKO Corporation will be responsible for implementing the project which will see the production […]

To pay or not to pay? INGOs wrangle over income tax

With a new government in office and the start of a new financial year, international non-government organisations (INGOs) are holding intense discussions over whether their well-paid expat staff should pay income tax in Myanmar. Some have been paying tax for years; others claim to have deals that exempt their foreign staff; and others would not […]

Local resistance fails to halt Myeik coal-fired power plant

A local company says it will pursue plans to build a 50-megawatt coal-fired power plant in Tanintharyi Region once it has secured permission from Myanmar Investment Commission (MIC), despite continuing opposition from the community. Beside Lut Lut village – 12 miles (19.3 kilometres) from Myeik – Than Phyo Thu Mining Company and Myeik Public Corporation […]

Bangladesh to import more gas from Myanmar

The government is upbeat over a ‘visible’ win of Nobel peace laureate Aung San Suu Kyi’s National League for Democracy (NLD) party in Myanmar’s parliamentary elections and eyeing afresh to import natural gas from that country. “We have a fresh plan to purchase natural gas from Chinese firms which have stakes in Myanmar gas fields […]