Posco International discovers new gas reservoir

Korea’s  largest trading company POSCO International said Monday it has discovered a new gas reservoir in Myanmar, where it is already operating a large-scale gas field. The company said it hopes to develop another gas field there pending positive evaluation of the deposit’s viability.

Myanmar eGovernment Initiatives

“Out of 193 global countries, Myanmar’s e-Government index stood at 169 in 2016, and it jumped up to 157 in 2018 thanks to improvements in online services and telecommunication infrastructure. However, Myanmar’s index is still under the average rank of ASEAN member countries. It shows that we need to try more” – State Counsellor

Renovating and Upgrading University Of Yangon

Established in 1920, the University of Yangon has an illustrious yet tumultuous history. Once among the largest universities in Southeast Asia and recognized as a premier institution of higher learning, it has endured decades of rigid external control, isolation and lack of resources. Today the legacy of limited capacity and freedom continues to hamper the […]

South Korea to step up economic partnership with Mekong nations

BUSAN ― The inaugural Korea-Mekong Summit took place in Busan, Wednesday, on the heels of the Association of Southeast Asian Nations-Republic of Korea Commemorative Summit, to explore ways to enhance cooperation between Korea and five countries that border the Mekong River. The Mekong-Han River Declaration was announced after the meeting between President Moon Jae-in and […]

Mini dams built for flood prevention, water supply in Rakhine State

THE Rakhine State branch of the Department of Irrigation and Water Utilization Management (IWUMD) built the Yoetayok Dam in Ponnagyun Township in the fiscal year 2018-2019. The dam near Yotayok village is one of the dams the department built in Rakhine State for preventing floods during the monsoons and supplying water during the summer. “We […]

Ayala Furthers Myanmar Expansion With Investment in Yoma

The Philippines’ oldest family-owned conglomerate is furthering its expansion in Myanmar after Ayala Corp. said it will acquire a 20% stake in Yoma Strategic Holdings Ltd. and its affiliate First Myanmar Investment Public Co. for $237.5 million. Ayala, which has investments spanning banking and property to telecommunications and water, will become the second-largest shareholder in […]