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.
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.
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.