Key hydro projects move forward
Hydropower will continue to play a dominant role in Myanmar power, according to minister of electricity and energy U Win Khine. Four key hydropower projects will move forward, adding a combined 594 megawatts of renewable energy to Myanmar’s ene
KB Bank to launch in Myanmar
Korean finance bank KB Bank will launch its Myanmar subsidiary (KB Bank Myanmar) next month. KB Bank Myanmar will be KB Financial Services’ third Myanmar business. The other two are KB Kookmin Card and KB Microfinance, which have operated since
Irrawaddy Green Tower to sell for USD 700 million
Private equity firm CVC Capital Partners may soon purchase Irrawaddy Green Towers Ltd., Myanmar’s biggest cellular infrastructure company, for USD 700 million, a confidential source told Bloomberg. If successful, the deal would be the largest i
NLD victory a win for Chinese investment
This week, Chinese president Xi Jinping called State Counsellor Daw Aung San Suu Kyi to congratulate her on the resounding victory of the National League for Democracy. First and foremost, Xi reaffirmed Myanmar and China’s growing economic ties
Korean firm to invest nearly USD 100 million in gas field
Korean firm POSCO International has announced that it will invest 108.6 billion won — just over USD 97 million — in the exploration of Myanmar’s A-3 offshore bloc. POSCO, which already operates in Myanmar’s offshore gas fields, will
