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Midterm report card: Myanmar’s economy is not working

In another 2.5 years’ time, many voters will be asking what the first NLD-led administration has delivered. The current numbers are hardly encouraging. Between April and August this year, approved FDI totalled US$1.4 billion, less than half of the US$3 billion forecast by the government for the April-September six-month period between the two fiscal years. […]

The Key to Jumpstarting Myanmar’s Economy: Electricity

It’s no secret that the National League for Democracy (NLD) faces myriad challenges in improving Myanmar’s socioeconomic situation. In fact, its biggest challenge might be deciding which issues to address first. Led by Nobel Laureate Aung San Suu Kyi, the NLD has made the peace process, which is aimed at ending decades of strife between the […]

Yadana Gas field launches new wells to boost production

The Yadana Gas project has begun drilling more wells in its offshore M-5 and M-6 blocks to keep its level of high production on track until 2020. Union Minister for Energy U Zeya Aung visited the field yesterday, where he assisted with the launch of the new wells. The Yadana Gas project is a joint-venture […]