Gulf of Martaban

December 9, 2017 by thiha

Mon State attracted foreign direct investments (FDI) totaling $5.9 billion between 1994 and 2017, according to the Mon State Directorate of Investment and Company. While no new foreign investors have come to Mon since the present government took over during the 2016-17 fiscal year, the local government expects things to improve in the coming year. […]

Yangon Seeks to Upgrade its Ports

November 28, 2017 by thiha

Yangon Region Government Chief Minister Phyo Min Thein said that his government was trying to upgrade the existing ports in Yangon and building new ones for the development of trade. He said at the meeting with businessmen and the Vice-President on November 24 that they were doing this works as Myanmar had good opportunities if […]

MAWLAMYINE, Mon State — Chinese Ambassador to Myanmar Hong Liang indicated his country is considering investment in Mon State during a meeting with the state government on Friday. According to the Chinese ambassador, investors are interested in rubber products manufacturing, fruit cultivation and the tourism sector, said Mon State minister for natural resources and environmental […]

PTTEP to start exploring two offshore blocks next year

September 7, 2017 by Thiha

Myeik—Thailand-based PTT Exploration and Production Public Co Ltd (PTTEP) will start exploration work in the M9 and M11 offshore blocks in the Gulf of Martaban next year. The blocks are located 250 kilometres from Dawei and 270 kilometres from Myeik, respectively. The company held a public meeting to explain the upcoming exploration work on August […]

Coal power central to gov’t energy plans

February 16, 2016 by thiha

Myanmar’s energy sector will require investment of between US$30 billion and $40 billion over the next 15 to 20 years, and should focus on coal power, according to the government’s Energy Master Plan, published last month. Domestic energy consumption is forecast to almost double to 21.9 million tonnes of oil equivalent (mtoe) in 2030 from […]