Siam Cement Group has invited a number of monks to visit its plant in Thailand, as part of the company’s efforts to ease local concerns about a coal-burning plant that will power its new cement factory in Kyaikmaraw, Mon State.
Myanmar's energy sector will require investment of between US$30 billion and $40 billion over the next 15 to 20 years, and should focus on coal power, according to the government’s Energy Master Plan, published last month.
As trade and other businesses wind down in the run-up to the Chinese New Year festival, and sentiment about the political transition improves, the kyat has strengthened in value to a three-month high against the US dollar.
The Myanmar Investment Commission approved 31 new local and foreign projects in January, mostly in the real estate and garments sectors, according to figures published by the Directorate of Investment and Company Administration.
Stamping out corruption should be one of the new government’s top priorities, said local businessperson Serge Pun at a conference held by the International Finance Corporation in Yangon yesterday.
To help boost international exports of Myanmar’s famous sein ta lone (diamond) mangos, the agriculture ministry is preparing farmers for an audit that would demonstrate adherence to international food safety standards.