Beyond China: Nation must diversify FDI

While for a long time the world has been focussed on political reforms in Myanmar during its transition from military rule to a democracy, the country has also witnessed a significant economic transformation. The most obvious sign of this is the sudden jump in foreign direct investment (FDI), from US$4 billion (K5.46 trillion) in 2013-14 […]

Sembcorp signs deal to supply power to Myanmar for 22 years

The power to be supplied will be produced by Sembcorp’s upcoming power project in Myingyan, Mandalay. SINGAPORE: Sembcorp Industries (Sembcorp) has signed a long-term power purchase agreement with Myanma Electric Power Enterprise (MEPE) to supply 225 megawatts of power over 22 years. The power to be supplied will be produced by Sembcorp’s upcoming power project […]