fbpx

International partnerships drive transparency among Myanmar companies

Good corporate governance is what attracts investors, such as International Financial Corporation (IFC), for companies, according to the findings revealed by the latest transparency report. The report also points to the very poor disclosure record and absence of corporate governance by companies which are registered at Directorate of Investment and Company Administration (DICA) as “public” […]

$50m Offshore Oil and Gas Supply Base in Ayeyarwaddy Gets Go-Ahead

The Myanmar In­vestment Com­mission (MIC) has green-lighted a $50 mil­lion proposal to build an offshore oil and gas sup­ply base in Ayeyarwaddy Division. The facility at Nga Yoke Kaung Bay would provide berths for construction and supply vessels, ware­houses, cranes and lift­ing equipment, helicopter rescue facilities and oil spill equipment and will play a crucial […]

Myanmar urged to address electricity loss

Myanmar’s electricity authorities need to pay more attention to transmission line maintenance to reduce frequent blackouts, experts said last week. “Technical losses need to be urgently addressed and 100-per- cent electrification is crucial to the nation’s growth,” said Andrew Lee, manager of General Electric Myanmar. Electricity would help Myanmar move forward, but frequent blackouts due […]

Woodside scores drilling success with gas find off Myanmar

Woodside Petroleum looks well placed to capitalise on its early entry into the exploration hotspot of Myanmar, reporting what chief executive Peter Coleman called an “encouraging” gas discovery at its first well. The find at the Shwe Yee Htun-1 exploration well appears of relatively modest size, at 15 metres of “net gas pay”, but it […]