Petronas cuts workers at Yetagun gas field
Amid a general decline in production, Malaysian oil and gas firm Petronas has reportedly begun cutting workers at its offshore sites in Myanmar’s Yetagun gas field. The news came from a Petronas employee speaking to the Myanmar Times under the
New pre-listing stock exchange planned
A second stock exchange may soon arrive in Myanmar. The government plans to set up a pre-listing board for publicly traded companies that do not yet qualify for the Yangon Stock Exchange, U Maung Maung Win, chair of the Securities and Exchange Commis
Myanmar to buy power from India
The Ministry of Electricity and Energy (MOEE) plans to buy a large quantity of excess power from India over the next several years. Following a meeting with Indian officials, MOEE announced the deal to establish a new transmission line between the co
New Yangon City advances with German consulting firm
The Yangon Regional Government has recruited German consulting firm Roland Berger to assist with the bidding process for infrastructure for the massive New Yangon City development. Roland Berger will oversee a “Swiss challenge” bidding pr
JICA loans additional USD 280 million
Myanmar has accepted yet another COVID-19 recovery loan from Japan. This week, the government signed an agreement with the Japan International Cooperation Agency (JICA) to borrow JPY 30 billion (around USD 282 million) for its ongoing COVID-19 Econom
