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Report: New China refinery faces delay as Myanmar seeks extra oil tax

BEIJING: A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the South-East Asian nation, two senior Chinese industry sources said.


Axiata fails to get licence in Myanmar

PETALING JAYA: Axiata Group Bhd fails in its bid to extend its presence in the region by securing a mobile operating licence in Myanmar.


Foreign banks given green light to return to Myanmar

In a bid to increase foreign investment and accelerate the drive to liberalise its banking sector, the Central Bank of Myanmar yesterday announced that nine foreign lenders had been given licences to operate in the country


Telecoms company OCK forms another company in Myanmar

PETALING JAYA: Telecommunications network provider OCK Group Bhd, which announced its entry into Myanmar as well as Vietnam in June, has set up Well Synergy Resources Private Ltd under unit OCK International Sdn Bhd in Myanmar.


Axiata shortlisted for Myanmar telco licences

PETALING JAYA: Axiata Group Bhd has made it into the third and final stage of the tender for two telecommunications licenses in Myanmar alongside 10 other applicants.


Matrade eyes RM400mil worth of projects in Myanmar

KUALA LUMPUR: The Malaysia External Trade Development Corp (Matrade) targets RM400mil worth of construction projects in Myanmar for Malaysian companies.


Social firm boosts Myanmar farmers with loans and technology

A SOCIAL venture in Myanmar is boosting farm outputs with customised technologies and giving loans for seasonal migration to raise incomes in one of the world’s poorest countries.


No special dividends seen from Axiata after failed Myanmar bid

PETALING JAYA: After failing to clinch a telecommunications licence from the Myanmar government, analysts expect Axiata Group Bhd to use its cash reserves in other ways.


Investors flock to Myanmar although investment law remains unclear

AS with any new market that is beginning to open up, Myanmar has been receiving its fair share of attention from investors, with most having only the foggiest idea of what to expect in a country where the military is still very much in power.


PepsiCo to sign Myanmar bottling deal as rivalry with Coke grows

SHANGHAI: PepsiCo Inc PEP.Nis in talks to sign a bottling agreement in Myanmar, ramping up the competition with Coca-Cola Co KO.Nas they fight for market share in a country emerging from decades of isolation.