Asian firms shine investing spotlight on Myanmar

Published on Jan 10 2012 // News Update
Asian firms shine investing spotlight on Myanmar
By Ploy Ten Kate and Yoko Kubota BANGKOK/TOKYO • As Myanmar emerges from a half century of isolation, Asian companies with high tolerance for risk are sizing up business opportunities in what was once one of Asia’s wealthiest nations. But “first mover” advantage won’t necessarily count for...

What beckons for Burma in 2012?

Published on Jan 10 2012 // News Update
What beckons for Burma in 2012?
  By FRANCIS WADE Published: 9 January 2012 The past two months have seen a flurry of international activity from Burma, including high-profile visits from George Soros, Hillary Clinton and William Hague (Reuters) Following British Foreign Secretary William Hague’s visit to Burma last week,...

Asian firms shine investing spotlight on Myanmar

Published on Jan 10 2012 // News Update
Asian firms shine investing spotlight on Myanmar
Reuters  Jan 9, 2012 – 1:05 PM ET By Ploy Ten Kate and Yoko Kubota BANGKOK/TOKYO • As Myanmar emerges from a half century of isolation, Asian companies with high tolerance for risk are sizing up business opportunities in what was once one of Asia’s wealthiest nations. But “first mover” advantage...

Myanmar awards onshore oil, gas blocks

Published on Jan 09 2012 // News Update
Myanmar awards onshore oil, gas blocks
Volume 31, No. 609 January 9 – 15, 2012 KUALA LUMPUR – Myanmar awarded 10 onshore oil and gas blocks to eight firms in its biggest energy tender in years and is now offering nine offshore blocks, two Yangon-based sources with direct knowledge of the deals told Reuters last week. The winning...

EU to open office in Myanmar after reforms

Published on Jan 06 2012 // News Update
EU to open office in Myanmar after reforms
Thu Jan 5, 2012 1:01pm EST * Office to open as soon as possible * EU already reviewing sanctions policy * More progress sought on human rights By David Brunnstrom BRUSSELS, Jan 5 (Reuters) – The European Union will open a representative office in Myanmar to manage aid programmes and promote...

Norway’s stake in PetroChina causes row

Published on Jan 06 2012 // News Update
Norway’s stake in PetroChina causes row
Pension fund’s refusal to divest from China National Petroleum Corporation subsidiary despite controversial pipeline in Myanmar causes dismay Toh Han Shih Updated on Dec 27, 2011 Analysts and NGOs are dismayed at a refusal by the Government Pension Fund of Norway, Europe’s largest...

Burmese watch increased interest in homeland

Published on Jan 05 2012 // News Update
Burmese watch increased interest in homeland
By Ellie Bogue of The News-Sentinel With Secretary of State Hillary Clinton’s recent visit to Burma and the release of Democratic leader Aung San Suu Kyi from house arrest earlier this year, it is starting to look as if there could be a thaw in relations between the United States and the country...

William Hague to urge reform on visit to Burma

Published on Jan 05 2012 // News Update
William Hague to urge reform on visit to Burma
William Hague is visiting Burma, the first British foreign secretary to do so for more than 50 years. He is expected to use meetings with the country’s leaders to press for the release of more political prisoners. His visit is the latest in a series by top diplomats from around the world, amid...

Western investors target Burma

Published on Jan 05 2012 // News Update
Western investors target Burma
By Ben Bland in Rangoon When it opens its doors once a month, the British Club in Rangoon is normally packed with diplomats, NGO workers and English teachers buying drinks on an old-style chit. But since the long-isolated government recently launched political and economic reforms, a new group of people...

Agreement signed with Busan Korea Biotechnology to establish combined cycle power plant in Yangon

Published on Dec 23 2011 // News Update
NAY PYI TAW, 22 Dec-Department of Electric Power and Busan Korea Biotechnology Co Ltd signed a MoU for the feasibility study of combined cycle power plant project to supply Yangon and Thilawa Industrial Zone with sufficient electricity at the Ministry of Electric Power No (2) in Nay Pyi Taw yesterday. The...