According to a statement from the MOEE, the power purchase agreement (PPA) was signed last Tuesday. Kyauk Phyu Electric Power Co is a joint venture between Myanmar’s Supreme Group and Chinese state-owned firm Power China. The gas-fired power plant in Kyaukphyu, Rakhine State, is one of four projects expected to generate a total of 3111MW […]
Government to Tackle Legal Timber Docs
December 6, 2016 by
Timber exporters are scrambling to respond to the conviction in a Swedish court of a company accused of importing Myanmar teak without sufficient proof that it was legally traded. The importer, Almatra Nordic, had been prosecuted under the EU Timber Regulation (EUTR), which bans placing illegal or high risk wood on the EU market. The company had […]
Yangon Stock Exchange needs more time to succeed, experts say
June 8, 2016 by
THERE IS a long way to go for the Yangon Stock Exchange (YSX), which opened for trading late March, to achieve success and sustainability, capital market experts said at a panel discussion during the Myanmar Business Leaders’ Inaugural Summit last week, Aung Htun, managing director of Myanmar Investments International, an investment holding company listed on […]
Tourism destinations already under strain, survey finds
February 26, 2015 by
Making sure tourism does more good than harm – that is the aim of research conducted by the Myanmar Centre for Responsible Business, whose results were released on February 20 at the MAC Tower in Yangon. Some of Myanmar’s flagship sites such as Bagan, Inle and Kyaikhtiyo are already under environmental and social pressure from […]
