AsiaBaseMetals Inc announced its entry into the Myanmar mining sector last week. The Canada-based miner will focus on mining lithium and has already obtained the necessary documents that will enable it to submit investment proposals to the Myanmar Investment Commission. Once submitted and if approved, AsiaBaseMetals will be the first company to venture into the […]
Invitation to Kayah Investment Forum, 26 May 2018 at Loikaw
May 18, 2018 by
Background: Kayah State has vast and diversified land that enables various types of agriculture, tourism and other industries. The estimates population in 2017 was approximately 291,778. Kayah State is divided into 2 districts (Loikaw and Bawlake) which are divided into 7 townships with 106 wards and villages.. Kayah State is located in north latitude 18 […]
Rakhine receives funds from energy projects for education and infrastructure
February 23, 2018 by
Rakhine State has received over Ks760 million from the Shwe gas project and over US$0.8 million from the Southeast Asian oil and natural gas project for its education and basic infrastructure sectors, according to a report of a committee on implementing recommendations on Rakhine State. The report said the investment committee had been formed on […]
Political make-up a bottleneck for Shan economy
October 24, 2017 by
The political make-up of the state’s executive and legislature results in a lot of time and energy spent on negotiations instead of implementing sweeping economic reforms in Shan, according to a local chamber of commerce. The state needs political stability and it needs to generate value-added agricultural products in order to grow its economy. Shan […]
Myanmar opens door for Aust mining
July 24, 2015 by
A burst of $US3.6 billion ($A4.85 billion) invested in Myanmar’s oil and gas sector in the past year is a green light for Australian companies involvement, Australian business representatives say. In 2014, the Myanmar government awarded 40 onshore and offshore oil and gas licences and Australia’s Woodside Petroleum is exploring two offshore areas in the […]
Myanmar earns US$ 1.3 billion in jade exports
July 30, 2014 by
Myanmar has earned US$1.3 billion from the export of jade stone over the last three years, according to the ministry of national planning and economic development. Export earnings in the 2011-2012 fiscal year was US$ 34.2 million, US$ 297.9 million in 2012-2013 and US$ 1 billion in 2013-2014. The last fiscal year showed a significant […]
Myanmar promises to clean up mining sector
July 14, 2014 by
Australia has hailed Myanmar’s (Burma) bid to boost transparency in its mining sector, with the federal government keen to ramp up trade and investment with the emerging economy. Myanmar’s application to join the Extractive Industries Transparency Initiative – a voluntary code to encourage governments to be accountable for their country’s resource revenues – has been […]
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