Southeast Asia is a critical market for the global energy sector with an important production of fossil fuels and a rapidly growing consumption of fossil fuels and electricity. At a challenging time for energy and global growth, the integration of power in ASEAN could also bring new opportunities for the region.
With its political opening, Myanmar is also experiencing an economic boom in various business sectors. Though companies face many challenges in areas of workforce skills and infrastructures, the general outlook for business in Myanmar remains quite positive for the coming years, as elections should create further opportunities.
The development of Southeast Asia in the next 30 years will require a lot of energy. Yet, producing fossil fuels becomes challenging and clean renewable energy technologies are still in their infancy. A Bloomberg report presents how Thailand, the Philippines and Indonesia manage these new issues to power up for the future.
The access to reliable and affordable sources of energy plays a critical role in the economic development of any country. A report presented the challenges of Myanmar and Laos to manage their energetic resources and develop their economy in relation with their Southeast Asian neighbors.