The United Kingdom has pledged to invest over US$385 million in Myanmar in two years time, according to statistics of the Directorate of Investment and Company Registration.
The UK invested... [ More ]
Yet this space is highly contingent on a number of volatile factors: the goodwill of the current President and his associates in Parliament, the ability of Aung San Suu Kyi to assure the... [ More ]
If the 10-nation ASEAN bloc is to double its economy by 2020, then a large thrust of the growth rate will be coming from Myanmar.
According to consultancy McKinsey Global Institute,... [ More ]
Myanmar was one of East Asia’s fast growing advanced economies in the early 20th century. But decades of isolation took its toll and Myanmar was left out of the region’s remarkable... [ More ]
Myanmar could formally award acreage from its highly anticipated offshore licensing round in February or March next year, an official at the Ministry of Energy said Wednesday.
"Right now we are doing the overview with the companies who have pre-qualified," Energy Planning Department Director Khin Khin Aye said.
Myanmar in April offered 30 blocks in its offshore licensing round -- 11 shallow water and 19 deepwater -- with a June 14 deadline for submission of formal expressions of interest,...
YANGON – Japan is going to have to rethink its strategy for opening business opportunities in Myanmar, one of the last untapped markets in Asia, as Japanese consortia have failed to win international tenders to develop the country’s infrastructure.
Airport construction and expansion projects as well as telecom operator licenses are among key deals that Japan has lost to other foreign consortia that have included South Korean and Chinese bidders, dealing a blow to Japan’s all-out...
In this land of many wonders , even attentive travellers risk missing unique opportunities. Or at least so it was with us during a tour by boat of Inle Lake, where villages, religious sites and workshops rise from the water amid floating gardens of flowers, fruits and vegetables.
Since just after dawn, we three friends had marvelled at the natural beauty of the lake and its distant cloud-covered mountains.
We'd analyzed the one-leg rowing technique used by fishermen and the friendly...
Myanmar is full of potential for everyone these days as global brands jockey among one another to enter one of the last frontiers of the commercial world. Yangon, Myanmar’s commercial center, has in particular seen a boom in its property values as some commercial offices are now more expensive than comparable spaces in Manhattan .
But before sending your money to the city, or moving there yourself, regardless of whether one travels there to work or live, visitors should know that the real...
Myanmar Investment Commission has granted permission to companies from China, Hong Kong, and Taiwan to do business in local CMP garment industry with 100% foreign investments, according to official data.
A Hong Kong-based company and local B&N Garment Myanmar Company have been permitted to do their garment businesses in Hlaing Tharyar Industrial Zone (2) in Yangon Region. Taiwan-based companies such as Melody Global and Sunny Shoes Inc are allowed to do manufacturing of footwear and outdoor...
Myanmar government is planning to use Chinese loans to cover the electrical expenditures of two major low-cost housing projects in the outskirts of Yangon, according to the Ministry of Construction.
Myanmar will borrow a total of US$9 million from Chinese EXIM Bank for the public housing and infrastructure projects, according to the government's projections for investments in national projects and foreign loans during 2013-14.
Chinese loans will be used for electrical expenses in...
Land near the Hanthawaddy International Airport Project are selling like hot cakes in spite of skyrocketing prices after the announcement of the construction project contract award to a Korean construction consortium.
According to real estate dealers even in Yangon land deals were struck at lower prices but in Bago, near the Hanthawady Airport Project, land deals are made at a much higher price.
The current land prices near the Hanthawaddy International Airport project are over MMK100...
Land prices have skyrocketed by as much as 100-fold in Myanmar’s city of Bago, following the announcement that Incheon International Airport Corp. of South Korea was awarded the contract to build and operate Hanthawaddy International Airport, which is expected to become Myanmar’s largest international airport with a possible price tag of $1.1 billion.
The consortium led by Incheon International Airport was proclaimed the preferred bidder to build the airport on Aug. 10. Officials from...
JFE Engineering Corp. is making preparations to set up a joint venture with the Myanmar government for infrastructure construction in the fast-growing Southeast Asian country, company officials said Saturday.
The unit of JFE Holdings Inc. aims to establish the joint venture this fall, taking a majority stake with an investment of over 1 billion yen, the officials said.
The venture plans to start a factory for bridge parts in Yangon next spring and expand the business to other...
Japanese banking firms are planning to provide loans through Myanmar's agricultural banks to help fund farming businesses, according to Myanmar Livestock Federation.
Kotaro Kikuchi from Japan International Corporation Agency (JICA), visited the Livestock Federation last week and queried about the difficulties faced in breeding animals and other farming practices.
"Due to political, economic and social reform processes, we [JICA] are going to meet NGOs for providing assistance. And then, we...
Myanmar is very rich in natural resources like petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, some marble, limestone, precious stones, natural gas and hydropower. ... More
