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Photo: kpsez.org

Myanmar invited open tender for launching a special economic zone (SEZ) development plan in Kyaukphyu, western Rakhine state on Sunday, inviting international consultancy to draw up the plan for initiating the project, state radio and TV reported.

The tender will be accepted starting Sept. 25.

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Myanmar's domestic private companies are seeking joint operation with foreign counterparts in oil and gas exploration and production on mutually beneficial basis, local media reported Friday.

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Myanmar has invited large Malaysian firms to cooperate in development of small and medium enterprises (SME) in the country, saying that the ongoing Showcase Malaysia- 2013 will provide opportunity and ensure cooperation between entrepreneurs of both countries, official media reported Friday.

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Salween Dams Map (Photo:International Rivers)

The Kunlone hydropower project, a joint venture between the Myanmar government and Chinese Hanergy Holding Company will begin this year.

The project will generate 1400 megawatt of electricity.

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Oil and gas industry experts have said that the new regulations for oil and gas exploration bids will benefit Myanmar financially and promote investment sharing.

The Ministry of Energy has released the new Standard Regulations (PSC/IPR) for interested bidders on oil and gas blocks in Myanmar.

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Photo: Asian Wings Airways

Japan's ANA Holdings Inc. will buy a 49 percent stake in a Myanmar airline, local media reported Tuesday.

The parent company of All Nippon Airways Co. is expected to spend about 3 billion yen (30.5 million U.S. dollars) on the stake of Myanmar-based midsize airline Asian Wings Airways, which operates domestic flights connecting 13 cities.