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Myanmar: Initial drilling for Pyi Thit well-1

According to MPRL E&P, Pyi Thit Well 1 in offshore Block A-6 was spudded to appraise gas reserves and prospects. The British Virgin Island-registered MPRL E&P signed a production sharing contract (PSC) with Myanma Oil and Gas Enterprise (MOGE) in January 2017 for oil and gas exploration in Block A-6. The company has been drilling in Pyi Thit’s exploratory wells since March 2012 and […]

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Philippines: FDI up 17% in Q1

MANILA, Philippines – The net inflow of foreign direct investments (FDI) into the Philippines rose 17 percent to $1.56 billion in the first quarter from $1.34 billion in the same period last year as the country continues to enjoy strong macroeconomic fundamentals, according to the Bangko Sentral ng Pilipinas (BSP).  “The sustained FDI inflows reflect […]

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Vietnam: Steel industry to grow 12-15%

HA NOI — The steel industry is predicted to grow by 12-15 per cent in the next five years, the Vietnam Steel Association (VSA) reported at a June 12 workshop in HCM City. Cast iron output is forecast to increase 80 per cent to reach 4.5 million tonnes, while steel billets will jump 47.2 per […]

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Philippines: Net FDI inflow resurges in March

THE Philippines recorded a net inflow of $509 million in foreign direct investment (FDI) in March, resurging from the level in February when the net inflow hit an eight-month low, central bank data showed on Tuesday. The net inflow in March rose by 39 percent from $366 million in February and by 30.6 percent from […]

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