Rift in Myanmar over draft investment law

Published on Aug 30 2012 // article, Featured Analysis
* President worried restrictions will hurt economy – sources * Draft law limits foreign investment in 13 sectors * Myanmar tycoons seen benefiting from changes By Martin Petty and Aung Hla Tun YANGON, Aug 29 (Reuters) – Protectionist clauses introduced by Myanmar’s parliament to a long-awaited...

Thailand, Burma outline Dawei cooperation plan

Published on Aug 29 2012 // News Update, Related News, Slide Show
Thailand, Burma outline Dawei cooperation plan
  Burmese President Thein Sein and Thai Prime Minister Yingluck Shinawatra in December 2011. Photo: Burmese government Thailand submitted a coordination plan to Burma last week involving construction of the US$ 60 billion Dawei deep-sea port project and special economic zone. Sihasak Phuangketkaew,...

Can Burma Solve Energy Gap Via its Asean Connections?

Published on Aug 29 2012 // Campaign Update, Related News, Slide Show
Can Burma Solve Energy Gap Via its Asean Connections?
Burma’s neighbors, long seen as energy predators, could be the key to boosting the country’s power supply. (Photo: Reuters) Burma’s chronic shortage of electricity, which threatens to stymie economic growth, could be eased by pushing for acceleration of plans by the Association of Southeast Asian...

No longer a pariah, Myanmar courts Western investment partners

Published on Aug 29 2012 // Featured Analysis, News Update, Related News, Slide Show
No longer a pariah, Myanmar courts Western investment partners
By Patrick Winn Rush hour traffic moves near by the Sule Pagoda at dusk in Yangon, Myanmar. YANGON, Myanmar — In a dimly lit ballroom, Myanmar’s investment czar gushed about his nation’s dazzling future to a congregation of foreign investors. Each had paid $1,500 to hear the government’s big...

Myanmar to offer oil and gas exploration blocks

Published on Aug 29 2012 // article, Featured Analysis
(Reuters) – The world’s biggest oil and gas firms want to explore in Myanmar as global sanctions ease and the country will soon launch an onshore and offshore exploration round, its energy minister said on Monday. Myanmar could offer over 10 offshore and around 10 onshore blocks as one of...

Two Big Western Oil Firms to Play Leading Roles at Rangoon Energy Conference

Published on Aug 27 2012 // article, Featured Analysis
Two Big Western Oil Firms to Play Leading Roles at Rangoon Energy Conference Two major Western multinational oil companies are to play a leading support role in the Rangoon oil and gas industry forum planned for September by the Ministry of Energy and MOGE, the state-run Myanmar Oil & Gas Enterprise. The...

Govt to go for int’l bidding soon

Published on Aug 23 2012 // News Update, Related News, Slide Show
Govt to go for int’l bidding soon
The government will move for international bidding for its settled oil-gas blocks in the Bay of Bengal in September next. According to Energy Ministry officials, the blocks, which were settled in favour of Bangladesh by the verdict of International Tribunal for the Law of the Seas (ITLOS) after a legal...

Lawsuit Against Officials Accused of Taking Farmers Compensation Resubmitted

Published on Aug 22 2012 // News Update, Related News, Slide Show
Lawsuit Against Officials Accused of Taking Farmers Compensation Resubmitted
They are five farmers from Kapaingchaung Village in Kyaukpru Township in the lawsuit, who were compensated by the pipeline company, along with 18 other farmers from other villages in the area for their lost lands on the 11th of October 2011. “They are five farmers from Kapaingchaung Village and their...

ADB Upbeat on Burma’s Growth Prospects

Published on Aug 21 2012 // article, Featured Analysis, Slide Show
ADB Upbeat on Burma’s Growth Prospects
Vehicles make their way on a road near local bazaar in Mawlamyine, Mon State, Burma, March 11, 2011. BANGKOK — The Asian Development Bank (ADB) says Burma is well placed to benefit from Asia’s dynamic growth, but the country needs to ensure development is inclusive and sustainable. In a report released...

Myanmar’s GDP Could Grow By 7%-8% Annually For A Decade Or More -ADB

Published on Aug 21 2012 // News Update, Related News, Slide Show
Myanmar’s GDP Could Grow By 7%-8% Annually For A Decade Or More -ADB
BANGKOK–Myanmar’s economy is likely to post solid growth in the years ahead as the Southeast Asian country gradually embraces wide-ranging reforms, and gross domestic product could grow by 7%-8% a year for a decade or more, the Asian Development Bank said in a report released Monday “At...