Korean power project comes amid desperate supply gaps
A South Korean company will build a new 40 megawatt power plant in Bago, the company said, becoming the latest foreign firm to answer Myanmar’s desperate call for new power projects. The firm, MCM Power Company, will invest USD 35 million in a
Major oil and gas block enters first development stage
An initial deal has been inked to exploit Myanmar’s A-6 offshore block. The development stands to be ASEAN’s first ultra-deepwater development, claims project partner MPRL E&P Operator Co. Contracts were signed between the Myanma Oil
Genocide accusations threaten deal of Myanmar Beer partner
Myanmar’s global political woes have become a thorn in the side of a major foreign investor. A bid by Japanese conglomerate Kirin International Holdings to buy an American beer brand has come under fire thanks to Kirin’s stake in Myanmar
European business is optimistic
The 2019 EuroCham Myanmar Business Confidence Survey showed that confidence is relatively high among European firms in Myanmar. The European Chamber of Commerce, or EuroCham, calls its survey “one of the key references for current and prospecti
Daw Suu meets with Chinese foreign minister
State Counsellor Daw Aung San Suu Kyi met with Chinese foreign minister Wang Yi in Nay Pyi Taw last week. The two discussed China and Myanmar’s ongoing economic and political partnerships. The meetings marks one of the state counsellor’s
