Brunei

Offshore OFS Could Get Major Boost in SE Asia

November 18, 2019 by thiha

Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, according to Norwegian energy research firm Rystad Energy. That’s thanks to megaprojects in Malaysia, Myanmar and Vietnam with new final investment decisions (FIDs) expected in 2021 for Vietnam, Indonesia and Brunei. “We anticipate that […]

Filed Under: Latest News Tagged With: Blue Whale, Brunei, Ca Voi Xanh, Chinmayi Teggi, EPCI, feed, FIDs, final investment decisions, FPSO, FPU, Indonesia, Malaysia, MMC Oil & Gas, MMHE, Myanmar, Nam Du/U, NERFRE, Norwegian energy research firm Rystad Energy, REsOSST, Rystad Energy’s oilfield services solutions team, Shwe Yee Htun, Southeast Asia, the Gendalo-Gehem field, Vietnam

Decommissioning Challenges Escalating in South East Asia

November 18, 2019 by thiha

For many decades now, South East Asia has been an important oil and gas producer, accounting for five percent of current global oil production. But now, age has caught up with oil and gas infrastructure in Myanmar, Thailand, Vietnam, Brunei, Malaysia and Indonesia. In February 2018 the Jakarta Post estimated that over the next decade, […]

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Deloitte Southeast Asia Announces New Leadership for Myanmar and Singapore

January 11, 2019 by Thiha

Deloitte Southeast Asia has announced that Aye Cho and Cheung Pui Yuen have been appointed as Country Managing Partners for the Myanmar and Singapore practices respectively. They have taken on their new roles starting on 1 January 2019. Aye Cho has succeeded Soe Win who retired from Deloitte Myanmar as its Country Managing Partner earlier […]

Filed Under: Latest News Tagged With: Accounting Standards Council of Singapore, asean, Audit & Assurance Partner, Brunei, Cambodia, Corporate-SME committee, CPA, Deloitte Myanmar, Deloitte Southeast Asia, Economic Growth, Financial Advisory and Tax Services, foreign investors, Guam, Indonesia, local Myanmar business, Malaysia, Myanmar, Myanmar Vigour & Associates Limited, philippines, singapore, Singapore Academy of Law, Singapore Medical Council, Southeast Asia, Taxation, Thailand, Touche Ross & Co, Vietnam

Still no new takers in deregulated domestic fuel market

October 22, 2018 by Thiha

Despite the relaxation of regulations for foreign investors to enter the fuel import and distribution business in Myanmar, no new companies have entered the market over the last year, said U Thant Sin, vice chair of Supervisory Committee for Petroleum and Petroleum Product Enterprises at a press conference on October 11. Previously, the Ministry of […]

Filed Under: Latest News Tagged With: asean, Brunei, Exchange Rates, foreign investors, Fuel, Malaysia, Ministry of Energy, petroleum, Platts, Puma, rail system, singapore, transporting

Starbucks to Open First Myanmar Location

May 21, 2018 by Thiha

Starbucks will open its first coffee shop in Myanmar at the Sule Square Mall in downtown Yangon. The Myanmar Investment Commission (MIC) officially endorsed the service provider Coffee Concepts Myanmar Limited (CCM) to be the sole operator for catering and sales of Starbucks food and beverages; sales of Starbucks brand products, and the operation of […]

Filed Under: Latest News Tagged With: Bangkok, Beverages, Brunei, Cambodia, CCM, Coffee Concepts Myanmar Limited, coffee plantations, coffee shop, Directorate of Investment and Company Administration, First Myanmar Location, food, former CEO, Indonesia, local brands, Malaysia, MIC, Myanmar Coffee Association, Myanmar investment commission, North Sumatra, philippines, singapore, starbucks, Starbucks brand products, Starbucks Howard Schultz, Sule Square Mall, Thailand, the chairman, U Ye Myint, Vietnam

Myanmar inches slightly ahead of Laos in latest graft index

March 5, 2018 by Thiha

Myanmar has inched up a few positions to rank 130th in the latest annual index of countries deemed the least corrupt, from 136th in 2016. The country attained a score of 28 in graft watchdog Transparency International’s Corruption Perceptions Index for 2017. This was an incremental improvement compared to its score in 2016 (28) and […]

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Modi Backs India-Myanmar-Thailand Highway’s Indochina Extension

January 9, 2018 by thiha

NEW DELHI — India is pushing an ambitious highway initiative through Myanmar and Thailand to connect with Vietnam through Cambodia and Laos, which observers of Southeast Asia see as part of its efforts to counter China’s Belt and Road Intiative (BRI) project. Connectivity with the 10-member Association of Southeast Asian Nations (ASEAN), which comprises Brunei, Cambodia, […]

Filed Under: Latest News Tagged With: asean, ASEAN Business, Asian Development Bank, Association of Southeast Asian Nations, BRI, Brunei, Cambodia, China's Belt and Road Intiative Project, EXIM Bank, India, India Connectivity Summit in New Delhi, India North Eastern Mizoram State, Indonesia, Investment Summit in Manila, Japan Reitaku University, Jha of O P Jindal Global University, Laos, Malaysia, Mandalay Meiktila Bypass Nay Pyi Taw Phayagyi Thaton Hpa-An Karaweik Myawaddy/Mae Sot, Myanmar, Naresh Bana, National Highways Authority of India, New Delhi, Nikkei Asian Review, Nitin gadkari, Prime Minister Narendra Modi, Punj Lloyd, Rajaram Panda, singapore, Southeast Asia, Thailand, the Philippines, Varaha Infra, Vietnam

Who can Grab the opportunity s Uber’s Asian ride gets bumpy?

October 3, 2017 by Thiha

As ride-hailing giant Uber struggles with its manifold problems worldwide, regional rivals such as the Southeast Asia-focused Grab are embracing one cardinal rule: don’t gloat just yet. Instead, with the titan on the ropes, the smaller players are quietly using the opportunity to expand into new countries and services, consolidating market share wherever possible. But […]

Filed Under: Latest News Tagged With: Anthony Tan, Asia-Pacific chief business officer, Brazil’s 99, Brunei, Cambodia, chief executive Dara Khosrowshahi, China, Chris Jones, co-founder and former chief executive Travis Kalanick, Didi, Didi Chuxing, Dubai’s Careem, East Timor, European outfit Taxify, fastidious transport regulators, founder and chief executive Cheng Wei, founder of the Estonia-based Taxify, global market, Grab, Grab co-founder Tan Hooi Ling, Harvard-educated Malaysians, Hong Kong, IHS Markit, India’s Ola, Jeremy Carlson, L. Brooks Entwistle, Laos, London transport regulators, Markus Villig, McKinsey consultant cofounded Grab, Myanmar City, Phnom Penh, principal analyst, ride-hailing app, ride-hailing giant Uber, Singapore-based Grab, Softbank, Southeast Asia’s internet economy, the co-founder of the industry consultancy Canalys, the Southeast Asia-focused Grab, Toyota, Uber, Uber’s operating licence, US firm Lyft

Sapura Energy was Awarded With Four Separate International Offshore Contracts

June 14, 2017 by thiha

Malaysian offshore company Sapura Energy was awarded with four separate international contracts worth over 200 million USD. The company will handled subsea and engineering, procurement, construction and installation works in Myanmar, Brunei, India and Australia, all with foreign which is a positive indication that the company is not just dependent on Petronas for projects and […]

Filed Under: Latest News Tagged With: Australia, Brunei, Cluster Pipeline Project, India, IRM, Kencana, Line End Manifold, Malaysian Offshore Company Sapura Energy, Myanmar, Natural Gas Corp Ltd, oil, PT Gunanusa Utama Fabricators for Engineering Procurement Construction, ROV, SapuraCrest, Seria Crude Oil Terminal Oil Export System in Brunei, Single Point Mooring

Government Currently Subsidising Electricity Bill

March 17, 2017 by thiha

Ministers and industry experts say the government’s approach of paying the electricity bill using the union budget is a hindrance to the development of the sector. In 2012, the average export rates per electric unit in Southeast Asian countries can cost up to more than K267 per electric unit: K67 in Brunei, K71 in […]