Myanmar will hold an international tender for gas to be delivered to the country via floating power plant to generate the electricity required to meet rising demand in Yangon by summer 2020, a senior official from the Ministry of Energy and Electricity (MOEE) told The Myanmar Times. “We will invite an international tender. We will […]
Five business sectors that are looking interesting in 2019
January 14, 2019 by
Businesses did not have a positive outlook on the Myanmar business sector last year with falling confidence and firms pulling out of Myanmar. However, with the arrival of a new year, things seem to be looking more optimistic for some sectors. Our reporters have interviewed insiders and experts from five business sectors on their views […]
PTTEP to invest in new Myanmar gas fields next year
November 26, 2018 by
With fresh oil and gas reserves at Myanmar’s offshore blocks now approved for commercial activities, the Ministry of Energy and Electricity (MOEE) will invite international tenders for up to 31 oil and gas exploration fields in early 2019. The last round of exploration and production tenders was held under the former government in 2014. The […]
Auto firm plans a racetrack
October 29, 2014 by
A public company is planning to build a large complex including a racetrack, car showroom and guest house on the outskirts of Yangon, according to Myanmar Automobile Manufacturers and Distributors Association chair U Soe Htun. The complex will be built by the Myanmar Automobile Development Public Company, which has already raised K5 billion (US$4.95 million) […]
JICA, govt to finalise railway upgrade loan
December 30, 2013 by
Japan will loan Myanmar US$200 million of the $500 million required to upgrade the Yangon-Mandalay Railway early next year, a Japan International Cooperation Agency official said last week. While JICA has not committed to financing the remaining $300 million, chief representative Tanaka Masahiko said it was the “first batch” of several payments for the upgrade, […]
