That was during the same period that the accounting firm was also acting as consultant to Enron and WorldCom. 6.25 billion invested in manufacturing, accounting for 10.6% of the total. In terms of sea transport, Yangon is the main shipping port, which handles more than 90% of the country’s total imports and exports. At present, bio-energy ranks forth in the world’s total energy consumption. At present, the Myanmar Investment Commission (MIC) is responsible for approving investment proposals and issuing permits for all foreign investors who wish to carry out direct investment in Myanmar. To fast-track development, private investors are being invited to bid for different infrastructure projects. Other EU countries have since faced a downgrade in their credit ratings as well, with Belgium, Portugal, Italy being some of the countries that face the placement of heavy austerity measures that could curtail consumer spending. Unifying the countries is possible. After many decades of a closed-door policy, a great deal of Myanmar’s economic and business potential remains untapped.

Despite this move, Myanmar’s wage remains competitive in the region. Another key Chinese infrastructure project in Myanmar is the construction of an oil and gas pipeline that connects Kyaukphyu in Rakhine with Kunming in Yunnan, China, through Myanmar’s second largest city Mandalay and the Chinese border town of Ruili. This pipeline, which went into operation in 2015, was part of the Kyaukphyu Special Economic Zone (KSEZ), which comprises the construction of a deep-water port, a railway and expressway linking Kunming, the port of Kyaukphyu, and factories. This ambitious KSEZ project is majority-owned by a consortium led by China’s CITIC, with the Myanmar government holding a minority stake. While Myanmar has dedicated much effort in improving its transport links in the past years, there is, nevertheless, still a significant development gap, as well as contrasted logistics performance between the country and other ASEAN members. Outside major cities such as Yangon, Naypyitaw and Mandalay, people still experience frequent powercuts, especially during the dry season. There are three major terminal operators in Yangon, namely, Asia World Port Authority Terminal, Myanmar Industrial Port and Myanmar International Terminal Thilawa, the latter is run by HPH and located some 25 km away from Yangon Downturn.

In January 2016, it was announced that a new container terminal would be built in Thilawa. Fundamentally, in the process of pyrolysis the biomass feedstock is heated in the range of 250 – 800 degree C in an oxygen free atmosphere. Before 2012, the whole process could take from six months to a year. The damage to the environment and the level of pollution it causes is difficult not to take into account, especially when reviewing the biosphere changes it has been imposing and the climate change contributions it makes. With an aim to speed up economic transition from agriculture to industry and services, the Myanmar government under ex-President Thein Sein adopted export- and FDI-led development strategies by creating a positive business environment for investors. To further speed up the application process, three new branches will be opened in Pathein, Monywa and Dawei this year, allowing investors to submit their applications to local offices.

Potentially. What will follow will be tremendous protest relating to the replacement of workers, which is without being cognitive of the new roles which would be created by such a paradigm shift. 44.86 billion or 75.8% of cumulative inflow FDI as of 2015, with oil and gas and manufacturing being the major investment sectors. The best and easiest liquid to use is simply water, but almost any fluid may be used and even wine, brandy, honey, rose water, olive oil and beer can be used! The use of the world’s biggest wind turbine (5MW) in an offshore windfarm. Myanmar is located between two of the biggest emerging markets in the world, that is, China and India, while bordering three other Asian countries, namely Bangladesh, Thailand and Laos. • Regulations impacting the oil and gas industry in China are analyzed. Mineral rights are the rights to the gas and oil that untruth underneath the surface of any area you possess. The thicker the insulation the better; in the UK recent Building Regulations specify using 270mm (11”) thick mineral wool insulation, and can save up to a ton of CO2 emissions per year.