Myanmar airport expansion plans take off

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Growing international traffic is driving a rapid expansion of Myanmar’s major airport network as it works to keep up with overseas arrivals. In February, Myanmar’s Department of Civil Aviation (DCA) announced that work on the new Hanthawaddy International Airport, located 70 kilometres outside of Yangon, would begin next year, with… Read more »

Italian O&G producer Eni signs Myanmar offshore deals

Italian oil and gas producer Eni has signed two production sharing contracts (PSC) for offshore blocks MD-02 and MD-04 in Naypyitaw, the firm said. Eni won the blocks in the competitive international offshore bidding round in 2013. The joint venture is between Eni, which will be the operator with an… Read more »


Toshiba clinches Turbine contract for Yeywa Hydro Project

Toshiba Hydro Power (Hangzhou) Co Ltd (THPC), a Chinese subsidiary of Toshiba Corp that manufactures, sells and maintains hydroelectric equipment, has won a major order to supply four units of 77-megawatt (MW) hydro turbine and generator for a hydro project in Myanmar. The Ministry of Electric Power Enterprise (MEPE) will… Read more »


Canadian firm to explore Tanintharyi Offshore Block

Canadian Foresight Group Pte Ltd, through its wholly owned subsidiary CFG Energy Pte Ltd along with its partners, has signed a production sharing contract (PSC) with the Myanmar Oil and Gas Enterprise (MOGE) for a shallow offshore block M15. The firm’s partners are TRG M15 Pte Ltd, part of the… Read more »


Vintage buys stake in Myanmar solar plant firm

Thailand-based Vintage Engineering said it has acquired a stake in a company that is expected to build a 220-megawatts (MW) solar power plant in Myanmar. The company’s board has approved the acquisition of 12 percent of shares in Green Earth Power (Thailand) for $20.28 million, according to Thai media reports…. Read more »


Singaporean investments in Myanmar see significant increase

The amount of FDI flowing into Myanmar from Singapore has seen a significant increase in recent years. Investment by Singapore organisations in Myanmar has risen 41.5 percent from 2012, hitting $311.4 million in 2013, with a focus on urban development, connectivity and finance, according to Lai Shu Ying, the Southeast Asia director of International… Read more »


Myanmar 2014-15 FDI swells to $8.1b: govt agency

Foreign direct investment (FDI) into Myanmar has soared to more than $8 billion this fiscal year, $3 billion more than anticipated, owing to increased activity in the energy, manufacturing and telecoms sectors, a senior official said. The investments reflect growing if cautious foreign interest in one of Asia’s last remaining… Read more »


Myanmar construction association’s public arm to sell shares in October

Myanmar Construction and Development (MCD) Public Co Ltd, set up by Myanmar Construction Entrepreneurs Association (MCEA), will sell its shares to the public in October, a top official of the association said. Each share will be priced at K10,000 ($10), said U Kyaw Paing, deputy chairman of MCEA. The public… Read more »


Myanmar tops 2015 investment markets

Myanmar is considered amongst the top investment destinations in ASEAN for 2015, with growth forecast at 8.5 percent and with a quarter of the population living in large cities by 2030, according to the UOB Asian Enterprise Survey 2014 conducted by the United Overseas Bank (UOB). With fears of the Myanmar government… Read more »


Myanmar kicks off first National Export Strategy

Myanmar’s first National Export Strategy (NES) was launched last week in a bid to  fuel the country’s sustainable development through export promotion The NES is a five-year roadmap of the needs and priorities for Myanmar’s sustainable development through trade. Action plans in the NES include interventions to boost the competitiveness… Read more »