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Thai event firm prioritises Myanmar in its overseas expansion

Despite the reluctance of many foreign companies to invest large amount of money in Myanmar in fear of policy uncertainty, Index Creative Village Plc is expanding its business in the country, according to Kreingkrai Mek Kanjanapokin, founder and Group CEO of the company. “We are focused 100 per cent on Myanmar because it is the […]

PTTEP investment budget of $3,256 mln for 2019 includes Zawtika project, exploration

The PTT Exploration and Production Public Company Limited (PTTEP) has announced a five-year investment plan (2019-2023) to add value to legacy assets through exploration and production (E&P) activities and to support investment opportunities in areas rich in petroleum to sustain the company’s long-term growth. Phongsthorn Thavisin, PTTEP Chief Executive Officer, said the company has set […]

Five business sectors that are looking interesting in 2019

Businesses did not have a positive outlook on the Myanmar business sector last year with falling confidence and firms pulling out of Myanmar. However, with the arrival of a new year, things seem to be looking more optimistic for some sectors. Our reporters have interviewed insiders and experts from five business sectors on their views […]

Energy Ministry Negotiates to Lower Fuel Oil Prices

The Ministry of Electricity and Energy is negotiating with suppliers to bring down fuel oil prices, said managing director of the ministry U Thant Sin. U Thant Sin, who is also the vice-chairman of the government supervisory committee on petroleum and petroleum product business activities, said during a monthly press conference on Thursday in Naypyitaw […]

Gas pipeline at Zawtika to be replaced

The replacement of a gas pipeline at the Zawtika project, offshore of Myanmar, will be conducted to reliably supply gas to Myanmar, said Mr. Piya Sukhumpanumet, general manager of PTTEP Myanmar Asset. Mr Piya was speaking to journalists during a media tour to Zawtika, located in block M-9 of the Moattama Gulf, Tanintharyi Region on […]

Still no new takers in deregulated domestic fuel market

Despite the relaxation of regulations for foreign investors to enter the fuel import and distribution business in Myanmar, no new companies have entered the market over the last year, said U Thant Sin, vice chair of Supervisory Committee for Petroleum and Petroleum Product Enterprises at a press conference on October 11. Previously, the Ministry of […]

Will Myanmar become a conduit for Iranian crude into China?

On June 1, sometime between the US withdrawal from the JCPOA in early May, and its demand in late June that Asian buyers fully halt Iranian oil purchases, PetroChina snuck in a shipment of Iranian crude through Myanmar to its Yunnan Petrochemical refinery in southern China. On any other route, this would have been just […]

Yangon to Mandalay Railway Back on Track

The railway linking Yangon to Manda­lay has been slat­ed to receive a series of large-scale, overdue reno­vations. With a loan from the Japan International Co­operation Agency (JICA), the 385 mile stretch of rail will be revamped to meet international standards and halve transportation times. U Myo Win, General Manager of Myanma Rail­ways, told the Myanmar […]

Global economic instability drives the rubber price to decline

Rubber prices in Myanmar have declined due to global economic instability, particularly in durable goods markets and petroleum which are closely linked to rubber said U Khaing Myint, the general secretary of Myanmar Rubber Planters and Producers Association. Since May, a tonne of Myanmar rubber sold for about US$1,400 whereas the rubber price hit US$1,800-2,000 […]

India Petroleum Minister visits Myanmar for strengthening Hydrocarbon Relations

The Minister of State for Petroleum and Natural Gas, Dharmendra Pradhan is on an official visit to Myanmar to enhance regional cooperation in the Hydrocarbon sector with the neighbouring country. India and Myanmar have historical and close relations which have withstood the test of time. We both share a long land and maritime border. As […]