EDL-GEN to raise fund in Thailand


EDL-Generation Public Company (EDL-GEN), a major operator of hydroelectric power plants in Lao PDR, plans to raise 6 billion-8 billion baht ($187 million-$250 million) this year to acquire 10 hydro power plants. The fund will partly go toward buying 100 percent stakes of four hydro power plants from EDL, which… Read more »

Marubeni to build $3-billion coal-fired power plant

Japanese trading house Marubeni Corp said last week said it will build a 1,800-2,000 megawatt coal-fired power plant in Myanmar in a joint venture with Thai utilities, for a total investment of 300 to 350 billion yen ($2.78-$3.24 billion). The plant will be built in Tanintharyi region in southern Myanmar…. Read more »

Last minute hotel booking app launches in Myanmar

“A couple years back, Myanmar was uncharted territory,” said CEO and CoFounder of the startup company Tomas Laboutka. “Now the country is booming with new hotels opening up constantly. We wanted to make sure we could serve our customers travelling in the region by offering the best rates in the… Read more »

Singapore’s Oxley Signs Deal on Myanmar Project

A subsidiary of Singaporean property developer Oxley Holdings has signed an agreement on a Myanmar project to develop a property in its commercial hub Yangon, Oxley Myanmar will build a 20-storey commercial and residential development, Min Residence, in Mayangon township in northern Yangon. The project, which will be on a… Read more »

Myanmar’s Oil and Gas Blocks: Contracts, Compliance and Licensing Issues

Myanmar is a fertile and resource-rich country strategically located in the heart of Asia. Although Myanmar has great potential for business investment, so far it remains a largely untapped market – rich in natural resources and a young population ready to work. According to proven records, Myanmar commands reserves of… Read more »

Myanmar firm gets $85-m financing for rollout

Pan Asia Majestic Eagle Limited (PAMEL), an independent provider of telecommunications infrastructure in Myanmar, has signed the first ever, non-recourse, cross border financing in Myanmar, the firm said. The facility agreement provides $85 million of financing to support its rollout of tower site infrastructure in Myanmar. This facility was arranged… Read more »

Myanmar grants licenses to foreign banks

Myanmar’s Central Bank has awarded “preliminary approval” for nine foreign banks to operate in the country, signaling its intentions to open up its long closed economy, and connect with the rest of the the world. A total of 25 foreign banks applied for the licenses, and the Central Bank of… Read more »

Bangkok Bank granted license in Myanmar

Bangkok Bank (BBL) is granted preliminary approval by Myanmar’s Licensing Committee before preparing for its operations in Myanmar. BBL is the only Thai bank among nine Foreign Banks, which have received the licenses today. Other banks comprise Australia and New Zealand Banking Group Limited (ANZ), Bank of Tokyo-Mitsubishi UFJ (BTMU),… Read more »