Ayala buys into Pun’s listed companies for $238M
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
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
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
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
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
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 ...
Myanmar economy to grow by 6.6% in 2020: World Bank
The Myanmar economy is projected to grow by 6.6 percent in 2020, according to the World Bank, a tad higher than its 6.5pc projection for this year. Ref: https://www.mmtimes.com/news/myanmar-economy-grow-66-2020-world-bank.html
Yoma Strategic partners with Ayala in renewables
Yoma Strategic and Philippine conglomerate Ayala Corporation will form a joint venture focusing on Myanmar’s renewable energy industry, the companies announced. Ref: https://www.mmtimes.com/news/yoma-strategic-partners-ayala-renewables.html
Lower tax rates, higher liquidity expected to boost property market
Real estate developers in Myanmar are expecting a boost in the number of property transactions in fiscal 2019-20, which they hope will help jumpstart the local property market. Ref: https://www.mmtimes.com/news/lower-tax-rates-higher-liquidity-expected-boost-property-market.html
Thai property developer wants to invest in Myanmar
Thai property developer Ananda Development Public Co Ltd wants to expand into Myanmar and is now looking for suitable partners in the country, its officials told Myanmar journalists in Bangkok on ...