Ministry Reportedly Invited Electricity Tender Without Budget Approval

​​ RANGOON — Rangoon residents’ hope for 24-hr access to electricity is fading after the Ministry of Electricity and Energy said that it had no budget for two private electricity suppliers, which last year won a tender to provide electricity for the commercial capital. In 2015, the previous government initiated a plan to deal with […]

Peninsula chain adds carefully chosen links in Myanmar, elsewhere

As it expands into Myanmar and Turkey, the operator of the Peninsula hotel chain is sticking with its signature formula of opening in the best of the best locations. The Peninsula Yangon will form a key part of a broader redevelopment project around the historic Yangon Central Railway Station. The headquarters of the old Burma […]

Canada-Based AGT Foods Begins Myanmar ‘Test Run’ Importing and Exporting Pulses and Rice

​​ One of the world’s largest beans and pulses traders has begun a “test run” in Myanmar after opening a representative office in Yangon in October. Canada-based AGT Foods and Ingredients has set up a small team to source beans and rice for export, and to find buy­ers inside Myanmar for imports, the company’s chairman […]

Burma’s Electricity Demand Predicted to Nearly Double By 2020

RANGOON — Demand for electricity consumption in Burma could double over the next four years, the Asian Development Bank (ADB) and government officials have predicted. Electricity consumption throughout Burma is limited to 2,500 megawatts per day, while total production is 4,500 megawatts from both hydropower and thermal power production. The commercial capital of Rangoon accounts […]

Karpower firms up plans to sail a 480 megawatt Power Barge into Yangon

ISTANBUL — Turkey-based Karpower is looking to sail a 480 megawatt-capacity power barge from Istanbul to Burma’s commercial capital of Rangoon in April, expecting it to supply 20 percent of the country’s total electricity consumption, said Orhan Karadeniz, chief executive officer of the Karadeniz Powership energy group, at a ceremony in Istanbul on Sunday. The […]

Thailand Bid to List Kaeng Krachan Back to Square One

Thailand will re-submit a request to register the Kaeng Krachan National Park as a world heritage site after a Unesco committee asked it to seek the views of ethnic Karen residents in the area first. Since 2011, Thailand has been trying to get Unesco to designate the Kaeng Krachan Natural Park in Phetchaburi province as […]

Laos to share hydropower development expertise with Myanmar

VIENTIANE, Aug. 13 (Xinhua) — A hydro-electric-powered energy revolution has been afoot in South-East Asia over recent years with the movement of fresh and fast-flowing waters increasingly fueling the consumption of larger amounts of energy resources to spur socio-economic development, poverty reduction and improvements in both urban and rural areas. The region’s most diminutive nation […]

Myanmar’s objection may block Thai heritage claim

Overlapping of border cited as reason; Thailand has time until October to resole issue before seeking Unesco recognition for Kaeng Krachan forest. THAILAND FACES an uphill task pushing for inscription of the Kaeng Krachan Forest Complex (KKFC) as a World Heritage site after Myanmar raised concerns over boundary issues, but the Kingdom has until October […]

KATRI to assist development of Myanmar textile export sector

No 3 Heavy Industry under the Ministry of Industry will work with Korea Apparel Testing Research Institute (KATRI) to improve Myanmar’s textile sector to enter the international market, according to Dr. Eun Ho Shin, the in-charge of KATRI. The cooperation aims at promoting the textile industry a under three-year-project to effectuate the development of the […]

Boldly going: the exotic ‘frontier’ markets that intrepid investors are tipping for take-off

It was 15 years ago that academics began to predict a shift in economic power from the old order of developed economies to the newly named “Bric” nations. Ever since, Brazil, Russia, India and China have been regarded as the coming powers, blessed with young populations, fast-urbanising societies and natural resources to fuel rapid growth. But the Bric […]