DRIVEN by its vision to become an innovative leader in Myanmar’s growing energy sector, locally-owned Parami Energy Group of Companies plans to invest US$35 million (Bt1.15 billion) in its LPG (liquefied petroleum gas) business over the next three years, according to Group CEO Ken Tun, aka Pyae Wa Tun. He told a media roundtable on […]
Myanmar to manufacture electric buses
December 14, 2018 by
“We need to use alternative fuels, as the fossil fuels we are burning today will be exhausted soon”, said Union Minister for Industry U Khin Maung Cho at the signing of an agreement to manufacture electric buses and erect charging stations in Myanmar. At the signing ceremony, held at the Research and Development Bureau in […]
Myanmar’s Oil Production Tipped to Decline; Fuel Imports to Increase
July 18, 2014 by
Myanmar will become increasingly dependent on imported crude oil and refined fuels over the next ten years because of a lack of planning and investment, an industry report has forecast. A rise in crude oil imports is highly likely in spite of an expected upsurge in onshore and offshore exploration in coming years, while underinvestment […]
Japanese entrepreneurs to visit Myanmar for potential investment
August 9, 2013 by
Business people from over twenty Japanese firms will visit Myanmar to explore investment opportunities, according to Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). About 50 business people from 20 industrial sectors, such as machinery, electric and power, construction and garment, will be led by the Executive Vice President of Japan External […]
