The oil and gas sector has formed one of the most important objects of the government’s ambitious programme of economic reforms over the past few years. A rise in licensing activity will contribute to increased exploration, responding to a surge in demand for oilfield services. Foreign investment from some of the world’s largest oil and gas companies has played a pivotal...
Under plans revealed in October 2014, state-owned energy firms in Myanmar will be able to seek foreign partnerships to improve operations and open up downstream energy operations to investment. The energy industry is set to become one of the most attractive prospects for overseas investors following a reduction in the role of the state and the launch of new power...
As Myanmar works to promote renewable energy to complement its insufficient electricity supply, new opportunities within the sector have opened up for foreign investors who can help to boost the country’s power generation. In November 2014, the US-based ACO Investment Group announced that it was developing two 150-MW solar energy plants in Myanmar, valued at $480m. The...
A sudden boost in Myanmar’s commercial and tourist activity over the past three years has stretched some of the country’s outdated transport infrastructure to its limit, and growth in activity is showing no signs of slowing down. Building a modern transport network will be necessary if the government is to accomplish its ambitious development plans, with a host of air,...
Myanmar’s domestic airline space has become increasingly crowded in recent years as local conglomerates vie to establish their own airlines. At the same time, the industry’s service quality and safety record require improvements, even as rates for travellers remain high. International airlines are keen to engage with the growing market, and a number of airlines are...
In June 2013 the Myanmar Ministry of Hotels and Tourism unveiled its Tourism Master Plan, which aims to set clear guidelines for the development of the tourism sector over the next seven years. The government is hoping to channel the industry’s short-term growth into long-term benefits for the country.
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