TOA to establish three more overseas plants in Asean leadership drive

TOA Paint (Thailand) plans to set up three additional production plants overseas – in Indonesia, Myanmar and Cambodia – as it aims to become the leading player in Asean paint and coatings markets. The factories in Indonesia and in Myanmar are already under construction, while the Cambodian plant is at the project-feasibility phase, chief executive […]

QTC Energy Unit Buys 15% Stake in GEP

Bangkok-based QTC Global Power has paid 67.84 million baht ($1.9 million) for a stake in Thai PV developer Green Earth Power (GEP), which is building a 220 MW solar installation in Myanmar. GEP is developing the massive PV plant in the city of Minbu, Magway Region, in cooperation with Myanmar’s Ministry of Electric Power. In […]

Thai-Myanmar Regulators Tie up Deal

AS MYANMAR tries to grow its young capital market with the help with international partners, Thailand will become the first foreign country to sign a memorandum of understanding (MoU) with the Securities and Exchange Commission of Myanmar in less than three months, according to Htay Chun, commissioner of SECM. He said the securities and exchange […]

TTCL Plans Two Power Plants in Myanmar Worth $6 Bn

TTCL, an integrated engineering procurement and construction firm listed on the Stock Exchange of Thailand, plans to invest more than US$6 billion (Bt204 billion) between the second half of this year and 2020 to establish two coal-fired power plants in Myanmar, chief financial officer Gobchai Tanasugarn said. TTCL is a joint venture between Italian-Thai Development, […]

Millcon Invests in $12m Myanmar Plant

Executives of Millcon, GE and Thiha Co observe operations at their joint venture Millcon Thiha Co in Myanmar. Mongkol Bangprapa SET-listed Millcon Steel Plc (MILL) has partnered with local companies to invest in a US$12 million plant to produce construction steel to meet rising demand in Myanmar, where construction business and investment in infrastructures are […]

SGP to acquire power plant in Myanmar

SIAMGAS and Petrochemicals (SGP), a supplier of liquefied petroleum gas, will take over a 230-megawatt power plant in Myanmar for US$48 million (Bt1.69 billion) in cash as part of its drive into other energy businesses. The combined-cycle power plant in Myanmar should give SGP higher income and return on investment, which should add value to […]

WHA eyes expansion into Asean, Myanmar

Stock Exchange of Thailand-listed WHA Corporation will set up fully integrated models in its four core businesses to meet expanding investment in ASEAN, though Myanmar investment will depend on the final election result. The company has restructured its operation over the past year to increase its efficiency, compete better internationally and meet rising demand, said […]

SET to help Yangon stock exchange establishment

The Stock Exchange of Thailand is ready to help the Yangon Stock Exchange (YSX), which Myanmar in cooperation with Japan’s Daiwa Securities Group plans to launch after the November 8 elections, said the SET head. Kesara Manchusree, president and chief executive of the Thai exchange, told Myanmar Eleven on the sidelines of “Myanmar Banking and […]

Bangkok Bank set to open branch in Yangon

Bangkok Bank (BBL) is set to open its first branch in Myanmar next Tuesday after obtaining permission from the Central Bank of Myanmar. The Yangon branch will provide a full range of services for foreign-invested companies and domestic banks in Myanmar in both foreign currencies and kyat, BBL said in a statement. The bank was […]

Toyo-Thai to Invest $2.8 Billion for Myanmar Power Plant

Toyo-Thai Corporation Public Company Limited (TTCL) announced that it has entered into an agreement with the Department of Hydropower Planning under the Ministry of Electric Power to build and operate a 1,280 megawatt power plant. The construction contract for the coal-fired plant at Ye township in Mon state is worth an estimated $2.3 billion, while […]