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Myanmar has 2,642 Filling Stations Across the Country

More than 250 filling stations were allowed within ten months in 2019, bringing Myanmar’s total count to 2,462 filling stations across the country, according to figures from the Ministry of Electricity and Energy. There are 94 filling stations in Nay Pyi Taw, 186 filling stations in Yangon Region, 647 filling stations in Mandalay Region, 214 […]

Trade War Could be ‘Silver Lining’ for Myanmar

Myanmar has to move to tap into opportunities created by trade tensions between the world’s two largest economies, said a senior Singaporean academic. The US-China trade war has provided “silver linings” for many countries, such as Vietnam. in the Southeast Asia region, said Simon Tay, Chairman of Singapore Institute of International Affairs (SIIA), in the […]

Deal Signed to Purchase Power from Kyaukphyu Power Plant Project

According to a statement from the MOEE, the power purchase agreement (PPA) was signed last Tuesday. Kyauk Phyu Electric Power Co is a joint venture between Myanmar’s Supreme Group and Chinese state-owned firm Power China. The gas-fired power plant in Kyaukphyu, Rakhine State, is one of four projects expected to generate a total of 3111MW […]

Myanmar State Firm Signs Deal to Buy Electricity From Strategic Chinese Project in Rakhine

YANGON—A Myanmar state-owned enterprise has inked a power purchase agreement with a Myanmar-China joint venture company that is developing a 135-megawatt (MW) power plant project in Kyaukphyu, in western Myanmar’s Rakhine State. The plant is one of the strategic projects that make up the Myanmar section of Beijing’s grand infrastructure plan, the Belt and Road […]

Myanmar Military-Backed Firm Rejects Minister’s Account of Power Meter Bidding Problems

Military-run Myanmar Economics Holding Public Company Limited (MEHPCL) on Friday said that a deputy minister’s comments in Parliament regarding problems with the procurement process for electricity meters over the past three years were unfair and had harmed the company’s reputation. In a statement, MEHPCL said Union Deputy Electricity and Energy Minister U Tun Naing’s comments […]

UK shifts trade policy on Myanmar to open markets further

Britain is signalling a shift in its trade policy on Myanmar to focus on opening up specific sectors where UK companies already have a foothold, including education, financial and professional services, infrastructure and energy. In an interview with The Myanmar Times, Warren Pain, director of international trade at the British embassy, set out how the […]

Despite unrest, Rakhine State still attracting foreign investor interest

Foreign investors are still showing interest in Rakhine State despite sanctions and international pressure applied due to the political unrest. And now that the state has better access to electricity, conditions are looking better for businesses to enter the state or expand. Projects related to China’s Belt and Road initiative remain a focus, with the […]

Locals Fear Coal-Powered Fish Factory in Southern Rakhine

YANGON—Locals in southern Rakhine State’s rural Kyaukphyu Township are concerned over the environmental impacts of a nearby, coal-powered fish cracker factory that appears almost ready to begin operating. The project, next to Kin Myauk Village, is 35 kilometers (22 miles) south of downtown Kyaukphyu and close to the newly-proposed, Chinese-backed Sea View Beach project on […]

Peninsula hotel shareholder eyes $1.6-billion project in Rakhine

YANGON—Singapore firm Huacheng International Resources Ltd and China’s Shanghai Bright Industry have jointly proposed a US$1.6-billion (2.41-trillion-kyat) development project to the Rakhine State cabinet. Representatives from the two firms visited Sittwe, the capital of conflict-ridden Rakhine State, on July 12 and met with National League for Democracy (NLD)-appointed Chief Minister U Nyi Pu. The state […]

Colliers Myanmar Mandalay Property Market Review 2018 and Outlook 2019

Summary & Recommendations Mandalay City continues to be a promising investment destination with big-ticket infrastructure and property projects being set in place. Township developments such as the Mandalay Resort City (NMRC), and Ye Dagun Taung mixed-use development, among others, are just some of these projects that will continually shape the city’s growing property landscape. Also, […]