More FDI essential for substantial increase in garment exports

The study called for an expansion of training in the garments sector to tackle shortages of high-level skill as well as complementary reforms in finance and trade policy. The briefing paper Foreign direct investment and economic transformation in Myanmar, written by Stephen Gelb, was published in June 2017 by Supporting Economic Transformation (SET). Funded by […]

As the World Moves to Renewable Energy, Myanmar Will Follow

YANGON — The government has been pushing plans for coal-fired power plants to address Myanmar’s great need for electricity. Renewable energy expert Hans-Josef Fell talks about how Myanmar can develop its energy plan. Fell is a former parliamentarian in Germany and the current president of the Berlin-based Energy Watch Group. The Myanmar government has been […]

Rakhine to Get Country’s Second Offshore Oil-Supply Base

The country’s second offshore base for the supply of oil and gas will be implemented on Maday Island in Rakhine State, with private investment worth 130.8 trillion kyats, according to the Myanmar Investment Commission (MIC). Myanmar Chemical & Machinery Co Ltd has been given the green light to invest in the project, which is to […]

Why India Isn’t Really ‘Acting East’ in Myanmar

As an ascendant economic and political power, India has long been eager to assert its influence on the global stage, particularly in neighboring Southeast Asia. India’s intentions for foreign engagement are best articulated in its so-called Act East policy, an ambitious effort to elevate Indian influence via economic and strategic links with the subregion. Central […]

MOSB – the first foreign company to build an oil and gas supply base

MOSB Limited (MOSB), has received approval from the Myanmar Investment Commission (MIC) on 11July, 2017 to build and operate a supply base in Mon State, with the endorsement from the Ministry of Energy. The establishment of a supply base will support the fast-growing oil and gas industry in Myanmar and provide necessary infrastructure, health, education […]

Sapura Energy was Awarded With Four Separate International Offshore Contracts

Malaysian offshore company Sapura Energy was awarded with four separate international contracts worth over 200 million USD. The company will handled subsea and engineering, procurement, construction and installation works in Myanmar, Brunei, India and Australia, all with foreign which is a positive indication that the company is not just dependent on Petronas for projects and […]

PTTEP Plans New Asia Investment

Thailand’s largest oil and gas explorer PTT Exploration and Production Pcl (PT­TEP) is planning new in­vestments or an extension of its operations in fields in Thailand, Malaysia and Myanmar, it said last Tuesday. In Thailand, state-owned PTTEP would bid to extend its concession to operate the Bangkok gas field beyond the exist­ing expiry date of […]

Economic opportunities in Rakhine State

Rakhine State is rich in natural resources. It has many rivers, lakes, ponds and is connected to the ocean. Good ports exist and as improvement to road links are being made, trade, local and foreign investments are increasing. The government is emphasizing on investment and trade in order to increase production in agriculture products as […]

Australian firms urged to invest in Myanmar

Nick Cumpston, counsellor at the Australian Embassy, said in an exclusive interview that the Australian government would encourage its businesses to seize enormous opportunities in the emerging market, thanks to Myanmar’s potential for faster growth in the near future. According to Cumpston, Australian firms’ interest in Myanmar has been on the rise, driven by the […]

Puma Energy Asia Sun Opens Myanmar’s Largest and Most Modern Petroleum Products Terminal

Puma Energy Asia Sun (P.E.A.S), a joint venture between Puma Energy, the global mid and downstream energy company, and Asia Sun Energy (ASE), a local company experienced in logistics and trading in Myanmar, celebrated the opening of its petroleum products terminal at Thilawa port, southeast of Yangon. This USD92 million investment into the country’s largest […]