Thailand reaffirms Dawei plans, but does Myanmar?

“The governments of Thailand and Myanmar reaffirmed that the Dawei megaproject will create thousands of jobs and improve the livelihoods of people along the border,” according to Thailand’s caretaker Prime Minister Gen Prayuth Chan-ocha. Prayuth was speaking at a joint press conference in Bangkok on Friday. Myanmar leader Aung San Suu Kyi also addressed reporters, […]

Thai Coup Leaders Trigger Oil Investment Rush Into Myanmar

The military takeover in Thailand is prompting a new push by the country’s oil companies to press for business in Myanmar, an industry analyst said. The state-owned Thai Oil Plc disclosed it is bidding for a contract to renovate and operate the Thanlyin refinery near Yangon and make other investments, and PTT Global Chemical has […]

Audit of ITD’s spending in Dawei due this month: official

A financial audit on Italian-Thai Development Plc’s spending in the Dawei Special Economic Zone (SEZ) will be concluded by the end of this month, according to the transport ministry. A high-ranking official at the ministry said the global auditing firm Ernst and Young would submit its final report on ITD’s investment in the SEZ this […]

Myanmar in Talks to Get First Credit Rating

Myanmar is in early-stage talks to get its first credit rating, people familiar with the matter said, paving the way for an eventual debut global-bond sale by a nation still recovering from decades of crippling military rule. A rating would help ensure that foreign investors don’t see the Southeast Asian country as “a black box,” […]