Despite the relaxation of regulations for foreign investors to enter the fuel import and distribution business in Myanmar, no new companies have entered the market over the last year, said U Thant Sin, vice chair of Supervisory Committee for Petroleum and Petroleum Product Enterprises at a press conference on October 11. Previously, the Ministry of […]
Government seeking solution to tackle fuel price hike: Spokesperson
October 10, 2018 by
The government is working to deal with rising fuel oil prices as it increased transportation costs and has an impact on commodity prices, said Zaw Htay, Spokesperson of Myanmar President’s Office, at a press conference held in the President House in Nay Pyi Taw on October 5. “Transportation costs have increased by 10 per cent […]
Over the last year, Myanmar’s energy sector stumbles in right direction
May 19, 2018 by
Home to one of the world’s oldest oil and gas industries, oil exploration in Myanmar began in the early Bagan era. During the reign of King Anawrahta in the Bagan Era, evidence shows that the Buddha’s Three Teachings were coated with oil to prevent damage. With the nationalisation of the oil industry in 1963, the […]
Amid political challenges, Myanmar prizes UK investment for economic renewal
May 9, 2018 by
With Myanmar’s new Investment Law coming into force over a year ago, along with a soon-to-be implemented Companies Law, the government hopes its liberalisation and decentralisation efforts will help secure new British investment and support to move the economy forward. UK expertise is seen as particularly vital for Myanmar to develop a strong financial services […]
Dialogue on Pakbaeng Hydropower Project Begins
January 23, 2018 by
CHIANG RAI PROVINCE, Thailand (Vientiane Times/ANN) – The first dialogue meeting of the Pakbaeng Hydropower Project on the Mekong River yesterday took place to further react with the recommendations raised by the Mekong River Commission in regards to the PNPCA process of the project. Officials from the Thailand National Mekong Committee Secretariat (TNMCS) and Lao […]
