In July 2014, the Myanmar Centre for Responsible Business named Yangon-based Parami Energy as the most responsible and transparent company in the country’s energy sector. Two weeks ago, the World Economic Forum added another accolade: Parami was invited to join its exclusive Community of Global Growth Companies. Eligible companies have a turnover of at least US$100 million and are committed to having a positive effect on the economies and societies in which they operate. Frontier spoke with Parami CEO Ken Tun about his vision for natural resources development in Myanmar and the country’s future as a supplier of energy to Southeast Asia.
Myanmar is facing severe economic challenges, with commodity prices surging and shortages occurring due to the junta's closure of border crossings and air freight restrictions. Ordinary citizens and small-scale traders are struggling with rising costs and dwindling supplies.
BY Frontier
