Representatives call for review of SOE law

Representatives of Parliament have urged lawmakers to review an existing law under which the government must bail out loss-making State-owned enterprises (SOEs) with public funds. A total of 17 out of the 26 Myanmar SOEs under the Union budget are expected to turn a profit in 2018-19, commencing October 1, according to the Ministry of […]

Unofficial Tenants Warned to Move off Explosive Gas Pipelines

Several unofficial shanty towns erected around Yangon are at risk of triggering an explosion as they were built above old, unreliable gas pipelines, according to a government official. Shwe Pyi Thar township’s Danyingone Market is considered to be on particularly dangerous turf. Hundreds of makeshift dwellings and shops have popped up above the Shwe Pyi […]

Shell paves road to Myanmar success with its own bitumen

YANGON — Royal Dutch Shell is diversifying its operations in Myanmar, aiming to promote its brand and strengthen ties with the new civilian government. The Anglo-Dutch oil company’s primary focus in the country is offshore resource development. Recently, though, it has been pushing to sell more finished products such as bitumen and lubricants. It hopes this […]

Myanmar citizens hope for positive change after government shake-up

Myanmar’s new government is expected to announce its cabinet line-up for 18 of the 21 ministries next week, and the public have expressed hope that they will be able to see a positive change. YANGON: Myanmar’s new government is expected to announce its cabinet line-up for 18 of the 21 ministries next week. Key ministries […]

Energy dilemma

Myanmar needs oil and gas revenue to spur its economy and new discoveries to feed its growing energy appetite, but low oil prices could bring cutbacks in exploration. Myanmar is bracing for a rougher ride after a few years of giddy economic expansion as foreign direct investment slows amid falling oil prices and global uncertainty. […]