We are waiting to see PTT Myanmar Soon. Thailand’s biggest oil and gas conglomerate, is about to set up PTT Myanmar, a new subsidiary to oversee investment in the neighboring country as part of its US$2-3 billion investment plan there until 2016, including in projects such as a 150,000-barrels-a-day crude oil refinery, coal mines and a [...]
If Coca-Cola enters to Myanmar, there is no doubt there will be bring benefit for both party. As Myanmar Democracy leader Aung San Suu Kyi urges in World Economic Forum, Bangkok, investors to do business in Myanmar with the right ethical attitude, entering Coca-Cola to Myanmar will create jobs for many people. As part of [...]
Myanmar President Thein Sein declared on Sunday, as state television announced a state of emergency in the affected area, ‘Sectarian violence in the west of Myanmar could put the country’s transition to democracy in danger if it spread further.’ Thein Sein was speaking after three days of violence in the state of Rakhine between Buddhists [...]
Tata Motors To See in Myanmar Soon – Tata Motors has signed an agreement with Myanmar’s Apex Greatest Industrial Co Ltd. (AGI), for the distribution of its commercial vehicles and passenger cars in Myanmar. AGI will be distributing the Tata trucks which will be assembled in Magwe as also the cars imported from India. The [...]
French oil giant company Total is interesting on Myanmar to do new projects there but that the company currently had no specific plans. Total’s Chairman and CEO Christophe de Margerie said, ‘Now we will see with the reopening… there, if there is something new for Total. And then of course we will be delighted to [...]
The Asian Development Bank (ADB) president Mr. Haruhiko Kuroda says, ‘The potential for the Myanmar economy is really huge.’ As Myanmar is the fourth most populous country in South East Asia, this had a huge potential labour pool that presented opportunities for investment. Myanmar still owed US$490 Millions to ADB and Mr. Kuroda mentioned that as [...]
There is one big question for Myanmar: Will Easing Sanctions Bring Myanmar Back? United States has eased some sanctions and now from European Nations. Before we response the concern let’s look a little bit about the idea of sanctions. Sanction basically indicates ‘an official order, such as the stopping of trade, which is taken against [...]
Myanmar economic is in positive move. President U Thein Sein government makes a lot of the right moves to revitalize its economy, laying a foundation for further foreign investment and commodity exports with currency changes, land reforms and tax incentives. By looking these change there are a lot of potentiality to boom and explore Myanmar [...]
Japanese government is ready to donate 1 Billion yen ($15.3 millions) to Myanmar to support ethnic minorities and war victims. According to Asia One News, “Prime Minister Yoshihiko Noda will officially announce the program on April 21 when he will meet with Myanmar President Thein Sein in Tokyo.” Additionally to the food aid and refugee [...]
Myanmar announced to float currency exchange ratelast week, yet we cannot see the action in practice. Stuart Culverhouse, Chief Economist, Head of Research of Exotix, says, “Investors may be ready, but Myanmar is not ready yet for them.’ He continued, Clients of his London boutique investment bank that specializes in hard-to-find investments are eager to [...]
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