Land Prices in Kyaukphyu SEZ Shoot Up

Strong demand from local businesspeople has seen the prices of land plots in Kyaukphyu Special Economic Zone (SEZ) shot up, realtors from Rakhine state said. Average price of farming land per acre until November 2015 ranged from K2-5 million, but now it ranges from K4-8 million, with most of the buyers being local businesspeople. “The […]

150 local companies registered to do oil and gas business with foreign firms

Over 150 Myanmar companies, including Shwe Taung, Edin and IGE, Kanbawza, A-1, Tarmoenye Chantha, have been registered in the Ministry of Energy to cooperate with foreign firms that will invest in the oil and natural gas sector, according to the Ministry. The Ministry of Energy offered tenders 18 inland blocks of oil and gas in […]