In May 2018 local energy firm Elite Petrochemical inaugurated the first stage of a $128m LPG import and distribution facility in the Thilawa Special Economic Zone, located 25 km south of Yangon. The terminal and hub, developed under a build-operate-transfer model, includes a jetty for cargo handling and a 3000-tonne storage tank farm. The...
Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, more recently, the Paris Agreement. Investment and development in renewable technologies...
Benefitting from a large population, an ideal geographic position and abundant natural resources, Myanmar’s trade and investment volumes hold enormous potential for future expansion, although the country is facing both domestic and external challenges. Foreign direct investment (FDI) inflows soared from 2011, when the country’s economic...
Despite fierce domestic and international headwinds that have threatened to blow the Myanmar economy off course, executives who participated in the Business Barometer: Myanmar CEO Survey remain broadly confident about the investment climate in South-east Asia’s last great frontier market. Of the 100 respondents, 77% indicate their firm intends...
One of the most significant legal reforms undertaken to improve the investment climate in Myanmar has been the promulgation of the 2017 Myanmar Companies Law (MCL), which sets new criteria for company classification and is expected to help boost foreign direct investment inflows, which have slumped in recent years. After a lengthy delay, the...
Offering a range of attractive investor incentives, Myanmar’s special economic zones (SEZs) hold significant potential to attract new foreign direct investment (FDI), support industrialisation and manufacturing activities, and boost employment and export receipts. The country’s sole operational facility, the Thilawa SEZ, has already become a...
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