POSCO DAEWOO to invest 511.7 bln won in Myanmar gas field

POSCO DAEWOO Corp., the trading-to-energy development unit of steelmaker POSCO, said Thursday it will invest 511.7 billion won ($475 million) in a joint gas field development project in Myanmar. POSCO DAEWOO will head the joint project, in which India’s state-run Oil and Natural Gas Corporation, the Myanmar Oil and Gas Enterprise, Gail (India) Ltd. and […]

Mon State Missing Out on Rubber Profits

MAWLAMYINE, Mon State — Mon State rubber, which accounts for nearly half of Myanmar’s production of rubber, loses hundreds of millions of kyats in rubber exports because it is unable to produce high-grade rubber and relies solely on the Chinese market for exports, according to Mon State minister for agriculture, livestock, transportation and communications U […]