Solar energy to power Maubin industrial park

Solar energy will be distributed at the recently opened Maubin Industrial Park, according to Ayeyawady Region government. The electricity infrastructure plays a vital importance for the development of industrial zone. The State still cannot supply sufficient electric power for the park. And so, the companies concerned are preparing to supply solar energy, said U Win […]

Japanese chamber makes proposals to Suu Kyi to promote investment

A visiting Japanese business delegation proposed policy measures to address major challenges impeding Japanese investment into Myanmar in a meeting Friday with the country’s leader Aung San Suu Kyi, state media reported Saturday. During the meeting in the capital Naypyitaw, the delegation of the Japan Chamber of Commerce and Industry, led by its chairman Akio […]

Telecom sector attracts most foreign investment in Myanmar in 2016

Telecom sector topped the foreign investment line-up of Myanmar with 47.07 percent of the total investment flowing into the country in the fiscal year 2016-2017, according to the statistics of Myanmar Investment Commission (MIC) Tuesday. The telecom sector was followed by industrial sector with 25.5 percent and the rest went to power, hotel and construction […]

Singapore and China top in FDI

Singapore and China invested the most in Myanmar as of 31 October this fiscal year, according to the Directorate of Investment and Company Administration (DICA). Singapore stands at the top of the list with a foreign direct investment (FDI) of US$2,529.803million from April to the end of October this fiscal year, followed by China with […]

Coal power central to gov’t energy plans

Myanmar’s energy sector will require investment of between US$30 billion and $40 billion over the next 15 to 20 years, and should focus on coal power, according to the government’s Energy Master Plan, published last month. Domestic energy consumption is forecast to almost double to 21.9 million tonnes of oil equivalent (mtoe) in 2030 from […]

MOEP Eyes to Provide Electricity to 230,000 More Households by 2017

The Ministry of Electric Power (MOEP) said it will provide electricity to roughly 230,000 more households in the country by 2017. “We are implementing this according to National Electrification Plan. The goal for each year is stated in the plan and we are trying to follow through,” U Aung Ko Ko, director from the Ministry […]

2017 EITI Report Aims for Full Membership

Myanmar submitted its first Extractive Industries Transparency Initiative (EITI) report at the beginning of January which included reports on the oil and gas, jade, gems and mineral sectors. Hydropower sector will be included in the 2017 EITI Report, according to Myanmar EITI. Myanmar currently stands as a ‘candidate country’ within International EITI and Myanmar’s inclusion […]

Laos to export electricity to Myanmar, more for Vietnam

VIENTIANE – Myanmar hopes to import electricity from Laos at an installed capacity of about 300 megawatts (MW) in the near future while the exports to Vietnam may be increased in the next few months. “The Myanmar government proposed this project to Laos about two months ago,” Deputy Minister of Energy and Mines Viraphonh Viravong […]

BLP to open in Myanmar with ex-Bakers Yangon MP

Berwin Leighton Paisner (BLP) is set to open an office in Myanmar after hiring Chris Hughes, formerly the managing partner of the Baker & McKenzie office there. Hughes, who will head the Myanmar office for BLP, stepped down from his previous role in late August. An emerging markets transactional specialist, he worked on finance deals, […]

Shweproperty.com secures more foreign investment into Myanmar’s fast emerging Tech Sector.

Shweproperty.com is proud to announce their recent win in securing new foreign investment from serial Entrepreneur and investor: Justin Sway, to support and grow their online business in Myanmar. Shweproperty.com, is an online Real Estate Industry website and was the first online property website in Myanmar. The website was founded in 2011 and is now […]