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
