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Myanmar, India to sign six MoUs

Myanmar will sign six Memorandum of Understandings (MoUs) with India during President U Win Myint’s four-day goodwill visit to India, said U Zaw Htay, Spokesperson of Myanmar President Office, at a press conference at the Presidential Palace in Nay Pyi Taw on 21 February. Six MoUs to be signed by Myanmar and India are: Cooperation […]

Myanmar Inks Four Agreements With S.Korea to Cooperate on Education, Environment, Tech

YANGON—Myanmar signed four Memorandums of Understanding (MOUs) with South Korea on cooperation on fisheries; technical and vocational training; the environment; and development of digital economy, higher education, smart cities and connectivity during State Counselor Daw Aung San Suu Kyi’s trip to Busan earlier this week. The State Counselor visited the city from Nov. 25-27 to […]

Myanmar, Korea sign MoUs on preliminary survey of Dala New City Project and housing finance

Myanmar and South Korea have signed a memorandum of understanding on the preliminary survey of the Dala New City Project and an MoU on financial cooperation in the real estate sector, according to the Korea-Myanmar business forum held at the Lotte Hotel in Yangon on September 4. “As we launch Korea-Myanmar Industrial Complex (KMIC) and […]

Govt. signs two MoUs to produce electricity and sugar in Sagaing

Sagaing Region government is signed MoUs to produce electricity from biomass and sugar in the region during Invest Myanmar Summit 2019 held at Nay Pyi Taw, sources said. “We signed a first phase of project which worth US$200 million to produce sugar. The overall project will cost US$350 million. It will be a joint-ventured business […]

India signs 11 agreements with Myanmar

NAY PYI TAW: India and Myanmar today signed 11 agreements in a range of sectors, including one on maritime security cooperation, to further strengthen their multifaceted partnership. The MoUs were signed after Prime Minister Narendra Modi held wide-ranging talks with Myanmar’s State Counsellor Aung San Suu Kyi. India and Myanmar signed an MoU to strengthen […]

Where Will Myanmar’s Energy Come From?

Myanmar’s high growth in electricity demand — rising by around 13 percent annually — is a challenge for the government. Demand is estimated to reach 4,500 MW by 2020 and 13,410 MW in 2030. Currently there is no plan to meet this high demand. High-level policy shifts and unclear policies within the cabinet and ministries […]

Thailand aims to double bilateral trade with Myanmar

THAILAND and Myanmar will strengthen trade and economic cooperation under a strategic-partnership strategy aimed at doubling bilateral commerce within the next five years. The two countries’ governments and private sectors will this week sign 15 memoranda of understanding to promote trade, investment and service growth. Deputy Prime Minister Somkid Jatusripitak will today lead an official […]

Malaysia bolsters efforts to attract medical tourists from Myanmar

Malaysia is stepping up efforts to compete with Singapore and Thailand to attract Myanmar medical tourists. This weekend, the Malaysia Healthcare Travel Council, an organisation set up by the Malaysian Ministry of Health to promote Malaysia as – in the words of its website – “a unique destination for world-class healthcare services”, launched a year-long partnership […]

Chinese firms seek business link with Myanmar

YANGON, March 10 (Xinhua) — A delegation comprising business leaders from 40 state-owned enterprises from China’s eastern port of Tianjin on Tuesday held a meeting with their Myanmar counterparts to explore businesses and trade opportunities. The Tianjin delegation was led by Li Fuming, Chairman of state- owned Assets Supervision and Administration Commission of Tianjin Municipal […]

Parami talks oil and gas – Analysis

Parami Energy Development is a branch of the Parami Group of Companies, working in the oil and gas industry in Myanmar. Parami CEO U Ken Tun here discusses Myanmar’s energy sector, including his view of investment, local requirements, production and exports. In the last bidding round in 2012, the government awarded seven international exploration companies […]