Singapore businesses see Myanmar as ‘potential gold mine’

4 Dec 19
Myanmar is a “potential gold mine” and the “last frontier for” investors despite its low ranking in ease of doing business, said a Singaporean investor at a business to business matchmaking ...

Digitalisation will boost savings culture in Myanmar: expert

4 Dec 19
The prevalence of cash transactions and smart phone ownership in Myanmar provides an attractive opportunity for the spread of digital savings services to underserved or unserved households, a UN expert says. ...

Solar could lower power costs for local business, IFC study reveals

4 Dec 19
Distributed solar solutions can help businesses in Myanmar bring down their power costs and climate impacts, a study by the International Finance Corporation (IFC) reveals. Ref: https://www.mmtimes.com/news/solar-could-lower-power-costs-local-business-ifc-study-reveals.html

ADB provides $51.2m for all-weather roads in rural areas

4 Dec 19
The Asia Development Bank (ADB) will provide US$51.2 million to upgrade rural roads in Myanmar to become all-weather and climate-resilient, the bank said in a statement released on Tuesday. Ref: https://www.mmtimes.com/news/adb-provides-512m-all-weather-roads-rural-areas.html

Ayala buys into Pun’s listed companies for $238M

4 Dec 19
Philippine conglomerate Ayala Corporation will take 20 percent stakes in two of Serge Pun’s listed companies for a total of US$238 million, making the Myanmar tycoon the first to benefit from ...

DHL scales up operations in Myanmar with new warehouse

4 Dec 19
DHL Supply Chain, one of the global market leaders for contract logistics solutions, announced the opening of its first multi-user warehouse in Myanmar, last week. Ref: https://www.mmtimes.com/news/dhl-scales-operations-myanmar-new-warehouse.html

Deal signed to purchase power from Kyaukphyu power plant project

4 Dec 19
The Ministry of Electricity and Energy (MOEE) has signed an agreement to purchase electricity generated by the 135 MW gas-fired Kyaukphyu Power Plant that will be built by independent power producer ...

Drilling of new wells in Shwe gas field project to start early 2020

4 Dec 19
Eight commercial-scale development wells at the Shwe natural gas project will be drilled in January 2020, the field’s operator, South Korean conglomerate Posco International Corp revealed. Ref: https://www.mmtimes.com/news/drilling-new-wells-shwe-gas-field-project-start-early-2020.html

Trade centre in Mon State to open before year end

21 Oct 19
A local trade centre in Mon State is expected to open before the end of this year, U Phone Myint, a member of the Mon State Chamber of Commerce & Industry, ...

Gas from block A6 to commercially viable in 2023

21 Oct 19
Commercial gas production will commence at the A6 block Shwe Yee Htun-2 discovery, offshore Myanmar, in 2023, U Zaw Aung, a retired director general of the Oil and Gas Planning Department ...