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
Thailand to invest USD 2 billion in gas project
Thailand’s state-owned PTT Exploration and Production (PTTEP) has been granted approval to build a USD 2 billion multi-faceted natural gas project in Myanmar. The project involves gas field development, a new pipeline and a nearly 600 megawatt
Investment minister outlines major Yangon developments
In a statement at the annual meeting of the Union of Myanmar Federation of Chambers of Commerce and Industry, minister of investment and foreign economic relations U Thaung Tun said that three major foreign-backed developments are moving forward desp
Dawei border highway underway
Construction on a new highway from the Dawei Special Economic Zone (SEZ) to the Thai border will begin next year. The highway, which will be backed by a low-interest loan from Thailand, will connect Dawei with the border town of Htikhee, cutting land
Thai border trade continues to suffer
Although the border crossing at Mae Sot (Thailand) has re-opened, COVID-19 containment measures continue to hinder the flow of goods. Among these is a mandate that goods be unloaded and re-loaded into Thai trucks before moving on. This has proved to
