International financial institutions state that Asia is fast becoming a leader in the world economy. The emergence of Asia as a global powerhouse is being led by China, India, Indonesia, Japan, South Korea, Malaysia and Thailand.
In an indication of where Myanmar’s oil and gas sector is headed, a latest bidding round for 28 new offshore oil and gas blocks in September is expected to include western oil and gas companies, a Ministry of Energy official said earlier this month.
General manager of the Myanma Insurance, Dr Mg Maung Thein discusses with The Myanmar Times reporter Thiha Toe about insurance policies in the energy sector.
U Khin Maung Thein, a resident of Kyaukphyu township, Rakhine State, recalled a statement he once heard that development is simply a change for the good.
The potential for Myanmar’s energy sector has never been better in light of the government’s efforts to reform the economy and subsequent lifting of many Western sanctions.
The Myanmar Ministry of Electric Power (MEPE) signed an agreement with China Power Investment Corporation in May 2007 for the implementation of seven large dams along the Ayeyarwady, Maykha and Malikha Rivers in Kachin State.
Activists and local residents are renewing calls that the Myitsone dam project cannot be allowed to resume in the face of continuing efforts by China to restart.
Foreign investors from Thailand, China, India, and the USA are currently flocking to Myanmar with one thing on their minds: exploring Myanmar’s lucrative and largely untapped energy resources.
As Myanmar makes strides to modernise and join the global community, it finds itself reckoning with a very modern and global problem: climate change. The causes of climate change, both within and outside Myanmar, are varied and complex. They include increasing numbers of vehicles on the road and epidemic levels of deforestation.
Architects across Myanmar have long recognized the value of the global movement toward green design. Industry sources have said they are attracted to the energy efficiency and social responsibility of the green movement, and lately homeowners are picking up on the trend.
