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
As India ups partnership, its investors lag
This week’s donation of 1.5 million COVID-19 vaccines from India punctuated a year of effort to form partnerships and increase investments in Myanmar. However, total foreign investment from India has plunged. India’s Business Standard thi
Japan ambassador says economic ties will deepen
This week, Japanese ambassador to Myanmar Ichiro Maruyama offered the NLD effusive praise following their election victory and reaffirmed Japan’s unwavering commitment to Myanmar’s economic development. In an interview with the Irrawaddy,
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
