Myanmar Petroleum Trade Association (MPTA) secretary U Win Myint has expressed the need for the government to strictly enforce the recently enacted petroleum and petroleum products law in light of the widespread practice of retailers selling a mixture of imported and local fuel. Dr Myint stated the...
Read MoreNew Yangon Development Company (NYDC) on Monday signed a framework agreement with China Communications Construction Company (CCCC) under which the two parties will carry out the necessary surveys and studies needed to develop and implement a new city in Yangon. NYDC is backed by the Yangon...
Read MoreThe Yangon Regional Government is drawing up a master plan to transform Yangon. Kang Wan Chern/The Myanmar Times The Yangon Regional Government is drawing up a master plan with the aid of the Japanese International Cooperation Agency and Korea International Cooperation Agency to transform Yangon into...
Read MoreState Counsellor Daw Aung San Suu Kyi on Monday received Mr Kim Hyun-chong, Minister of Trade, Industry and Energy of Korea in Nay Pyi Taw, according to state-owned media. During their meeting, the leaders agreed to enhance existing bilateral economic relations by promoting trade and investment...
Read MoreA worker unloads LPG-filled cylinders in Yangon. The Myanmar Times Asia AVA Gas Company has entered into a joint venture with Myanma Petrochemical Enterprise (MPE), which falls under the remit of the Ministry of Electricity and Energy (MOEE) to undertake a project enabling the import, storage...
Read MoreA Myanmar man looks at a solar panel. The Myanmar Times The government has promised to fully electrify Myanmar by 2030. Yet, insufficient public funds have been allocated to power generation and there are no immediate plans to restructure loss-making tariffs or charge more for electricity. One...
Read MoreA view of Bukom Island, site of a Shell Oil Refinery in the Singapore Straits. Photo - EPA State-owned Myanma Petrochemical Enterprise (MPE) is planning to build a new oil refinery near an existing state-run facility in Magwe Region, Daw Yin Yin Aung, deputy director of...
Read MoreMyanmar wants to make investing in oil and gas easier for investors. Photo - EPA Myanmar will review and revise some of the existing terms and conditions to its oil and gas contracts which pose difficulties to investors before calling for its next round of oil...
Read MoreYoma Micro Power and its partners will raise funds to generate electricity using solar-based micro power plants and mini-grids and distribute it to power telecom towers in rural Myanmar. Aung Myin Ye Zaw/The Myanmar Times Yoma Micro Power and its partners will raise funds to generate...
Read MorePlans to build an international sea port at the mouth of the Yangon River, which will be strategic for Myanmar and its neighbours, are underway, Yangon Chief Minister U Phyo Min Thein said yesterday at the meeting with Vice President held at Republic of Myanmar...
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