Partnership with World Bank Group Extended to Benefit More Poor People WASHINGTON, DC, June 23, 2017— Myanmar will strengthen its programs and reforms that will promote growth in rural areas, invest in basic social services to provide better nutrition, health and education services, build infrastructure and...
Read MoreForeigners can now trade in Construction Materials, Hospital Equipment, Fertilizers, Seeds and Pesticides without having to JV with Myanmar citizens Under Ministry of Commerce Notification 36/2017 foreign-owned companies can now trade, import, wholesale and retail the following items: 1. Construction Materials 2. Hospital Equipment 3. Fertilizers 4. Seeds 5. Pesticides Previously only...
Read MoreA new project financed by the World Bank aims to bolster Myanmar’s capacity to respond to disaster risks. According to the World Bank, when food prices peak due to disasters, and assets are lost, the poor and vulnerable feel the most pressure. Photo - Supplied The Myanmar...
Read MoreA New World Bank report has urged the government to finalise the statutory framework of the accounting and auditing sector and relax restrictions on foreign accountants and auditors to practice in the country. The Report on the Observance of Standards and Codes – Accounting and Auditing...
Read MoreThe Yangon Region government would be implementing a new scheme under which taxis would be managed by taxi service operators, said Daw Nilar Kyaw, regional minister of electricity, industry and transportation, in a bid to ease traffic congestion in the country’s commercial capital. Although Grab and...
Read More
Indonesian platform builder PT GunanusaUtama Fabricators (PTG) has been awarded a second contract from Thailand’s PTTEP for Zawtika project offshore Myanmar. The initial contract, awarded in September, comprised engineering, procurement, construction and installation (EPCI) of two offshore wellhead platforms, associated pipelines and tie-ins for Phase 1C...
Read More
Australian energy company Woodside said it is planning to boost its drilling campaign offshore Myanmar with the potential commercial viability of recent gas finds in the area. Earlier this year, Woodside discovered 32 metres of net gas pay in the Myanmar Block A-6 Shwe Yee Htun-1...
Read More
Yedagun offshore natural gas rig. Myanmar is expected to export 515b cubic ft of natural gas this fiscal year while keeping 160.6b cubic ft for local use, according to the second National Development Plan (NDP), reported on Natural Gas Asia.com. The main Myanmar gas projects; Yadana, Yedagun,...
Read More
Photo of Yadana gas field located in Andaman Sea, approximately 60 kilometers offshore the nearest landfall in Myanmar. With a huge estimated reserve and international giants awarded onshore and offshore blocks, Myanmar has a huge potential in the oil and gas sector beyond 2015. Photo:...
Read More
Eleven foreign and international companies have applied for a tender to form a joint venture with state-owned Myanma Petrochemical Enterprise for the wholesale distribution of liquefied petroleum gas (LPG) – a staple fuel used in Myanmar’s kitchens. According to the Ministry of Energy, 21 companies bought...
Read More