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PTTEP, GPSC banking on Myanmar gas plant

SET-listed oil and gas drilling firm PTT Exploration and Production Plc (PTTEP) has finalised a plan for a new gas-fired power plant in Myanmar with a capacity of 600 megawatts in collaboration with Global Power Synergy Plc (GPSC). Both companies, affiliates of PTT Plc, are working to finish a feasibility study, prepare for a development […]

Nissin Electric shifting production to Myanmar from Thailand, Vietnam

Metal parts and equipment maker Nissin Electric Co of Japan will build a plant in Myanmar, relocating some production processes from its factories in Thailand and Vietnam to cut labour costs in its contract manufacturing business. The company said early this week it will form a joint venture with Hosoda Holdings Co, a Japanese trader […]

Nordic Group Expands into Thailand

Yangon 22 May 2019 In an unusual example of outward investment, Myanmar Logistics provider Nordic Group has announced the startup of of Nordic Logistics Ltd in Thailand to support its new road transport service between Thailand and Myanmar. Nordic Group was co-founded in 2015 by Mon Myat Thu and Thorstein Svendsen, and has rapidly emerged […]

Thailand, Myanmar agree to cooperate

Thailand and Myanmar have signed a collaboration deal to promote tourism routes connecting ancient cities of the two countries in preparation for a travel boom expected from Asean. Thailand’s Designated Areas for Sustainable Tourism Administration (Dasta) earlier this month signed a memorandum of understanding (MoU) with Myanmar authorities to foster sustainable and cultural travel routes […]

Quenching Myanmar’s Thirst for Craft Beer

On a hot summer morning at a riverside plot in Yangon’s North Dagon, a small team of brewers carry sacks of grain imported from Germany on their shoulders to a small mill. There’s a brewer using a wooden paddle to stir the grain in the mashing tank. It’s steamy and smelly and there are pressure […]

Blockchain-based fintech company Everex signs deal with Krungthai Bank, SHWE Bank

Everex, blockchain-powered digital remittance platform, announced that it has signed an agreement with Thailand-based Krungthai Bank and SHWE Bank from Myanmar. The deal will see the three entities jointly introduce a cross-border, blockchain-powered money transfer services between Thailand and Myanmar. The new service is called “Krungthai Bank and SHWE Bank Remittance powered by Everex”. This […]

Trade volume between Myanmar and Thailand reaches over US$1.7 B

Trade volume between Myanmar and Thailand reached over US$1.7 billion till January 2019 and Myanmar exported over US$1 billion worth of products to Thailand, according to Ministry of Commerce. Myanmar exported US$3.823 billion worth of products and imported US$691.145 million worth of products in 2011-12 FY and exported US$4.576 billion worth of products and imported […]

Myanmar farm workers get B1.7m

After a three-year trial that exposed questionable labour practices used by Thailand’s thriving poultry industry, 14 Myanmar workers learned Tuesday they would receive a total of 1.7 million baht in compensation. The Central Labour Court, also known as the Supreme Labour Court, issued a statement confirming that it has ordered Thammakaset Farm to pay the […]

MoneyGram and MCB announce money transfer services

MoneyGram and Myanmar Citizens Bank (MCB), have announced an agreement to provide money transfer send services at every MCB bank location in Myanmar. According to a statement, consumers can send money from 42 branches to any MoneyGram location in more than 200 countries and territories worldwide. In celebration of the new agreement, MoneyGram is offering […]

Glamping arrives in Mergui Archipelago

It’s a case of ‘take only photos and memories, leave only footprints’ at the newest five-star resort in the remote Mergui Archipelago, off the coast of southern Myanmar and Thailand. With its opening listed as among the most highly anticipated by luxury lifestyle Robb Report and Luxury Travel magazine, Awei Pila (aweipila.com) received its first […]