Amata eyes Myanmar market growth

Thai development giant freezes project

Amata, one of Thailand’s largest real estate developers, has frozen a USD 1 billion Yangon project amid the political turmoil. Construction on the planned 2000-acre site began in December, but Amata marketing chief Viboon Kromadit announced tha

Amid chaos, investors hold their breath

When the Tatmadaw (Myanmar military) took power this week, it risked a decade of new foreign investment in nearly every sector. Now those partnerships, struck in the democratic era, will be put to the test. Will India renege on plans for a new gas re

Can Myanmar achieve its power goals?

Although less than 60% of Myanmar households have access to the national grid, the Ministry of Electricity and Energy (MOEE) believes the country is still on target to connect the whole of its population by 2030. At its first quarter meeting this wee

Bawdwin mine tests new standards for extractives

The Bawdwin Joint Venture (BJV), which plans to expand one of Myanmar’s oldest mining tracts in Bawdwin, Shan State, is set to begin development this fiscal year. Last week, representatives from BJV (which specializes in lead, silver and zinc,

Thai developer fired from Dawei SEZ

Myanmar has axed a number of high-value contracts with a major foreign developer in the Dawei Special Economic Zone over project delays and a lack of transparency. Early this week, Thailand-listed Italian-Thai Development (ITD) revealed that Myanmar

Siam Commercial Bank launches in Myanmar

Siam Commercial has officially launched its Myanmar subsidiary, Siam Commercial Bank Myanmar. “This development is an important jigsaw piece in SCB accomplishing its strategic expansion of its overseas network,” said Siam Commercial Bank