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Invest Myanmar News Directory

(20 Stories Found)

LOCAL INFRASTRUCTURE DEVELOPER EYES IZ DEVELOPMENT IN MYANMAR

LOCAL INFRASTRUCTURE DEVELOPER EYES IZ DEVELOPMENT IN MYANMAR
Source: tuoitrenews - (19/09/2013)

Topics: Infrastructure

Ho Chi Minh City-based C.T Group has submitted the plans to develop Vietnam – Myanmar Industrial Zone (IZ) in a recent meeting with H.E. Nyan Tun - Vice President of Myanmar, according to a local newspaper. The IZ will accommodate many Vietnamese manufacturers, since it will offer them “the opportunities to expand the commodity market into Myanmar by directly relocating production facilities to this industrial zone,” the Naypyidaw-based New Light of Myanmar newspaper reported. The need...


DEALING WITH THE DIFFICULTIES OF LIVING IN MYANMAR

DEALING WITH THE DIFFICULTIES OF LIVING IN MYANMAR
Source: Property report - (19/09/2013)

Topics: Infrastructure

Myanmar’s rapid re-engagement with the international community is attracting an increasing number of expatriates and contributing to an incredible demand for residential property. Yet as new arrivals to the country quickly discover, the same factors that make Myanmar an exciting country full of potential and opportunity also lend to challenging living conditions. - See more at: http://www.property-report.com/dealing-with-the-difficulties-of-living-in-myanmar-31571#sthash.oLvVFXUe.dpuf The...


CHINESE COMPANY HANDS OVER 19 DREDGERS, SUPPORTING VESSELS TO MYANMAR

CHINESE COMPANY HANDS OVER 19 DREDGERS, SUPPORTING VESSELS TO MYANMAR
Source: Want China Times - (18/09/2013)

Topics: Infrastructure

CATIC Beijing handed over a total of 19 dredgers and supporting vessels to Myanmar at the commissioning ceremony held at the Nanthida Jetty of Yangon on Saturday. The dredgers and supporting vessels imported from China with assistance of a preferential loan provided by the Chinese government arrived in Myanmar in August. The ceremony was attended by U Nyan Htun Aung, the country's minister of Transport and Yang Houlan, Chinese ambassador to Myanmar. U Nyan Htun Aung said "because of...


INDO-MYANMAR BORDERLAND

INDO-MYANMAR BORDERLAND
Source: E-PAO - (18/09/2013)

Topics: Infrastructure

Socio- economic and cultural conditions: The past 40 to 50 years the movement of people for trade and commerce and cultural was strictly prohibited despite of similar civilization and proximity at the borderland of Indo- Myanmar, there was no language problems in borderland. The northern borderland of Myanmar and Eastern borderland of North Eastern region are not properly researched and trap the benefits of cultural and economic relations. The main attraction in borderland for foreign...


MYANMAR TO INVESTORS: MORE REFORM AHEAD

MYANMAR TO INVESTORS: MORE REFORM AHEAD
Source: The Nation - (18/09/2013)

Topics: Infrastructure

KAN ZAW, Myanmar's minister of national planning and economic development, said last week that the government's medium- and long-term reforms would ensure the creation of an investment-friendly climate and keep up with Asean and international norms and standards. Virasak Sutanthavibul, senior executive vice president of Bangkok Bank, said the Myanmar government should consider liberalising the financial industry so that foreign banks can form joint ventures with local banks, as 95 per cent...


ELEVEN

ELEVEN
Source: Myanmar to use Indian bank loans for development - (28/08/2013)

Topics: Infrastructure

Myanmar will implement several projects with loans from the Export-Import Bank of India according to a government report. The Export-Import Bank of India (EXIM Bank) has provided loans of up to US$ 500 million which will be used on infrastructure projects including communications and transport. Details were released in the Myanmar government’s 2013-2014 fiscal year report. Some of the projects include the construction of a microwave station linking the southern and northern parts of Chin...


JAPAN'S ANA TO BUY 49% STAKE IN MYANMAR AIRLINE: REPORT

JAPAN'S ANA TO BUY 49% STAKE IN MYANMAR AIRLINE: REPORT
Source: CNN - (27/08/2013)

Topics: Infrastructure

ANA Holdings intends to obtain the maximum portion allowed under local law as part of a plan to expand its network in Southeast Asia by using Myanmar as a hub, the Nikkei business daily said. The company -- the parent of major airline All Nippon Airways (ANA) -- will spend nearly three billion yen ($30.5 million) for the stake in Asian Wings Airways, the paper said, adding the payment would be made by the end of March 2014. ANA said the company had no comment at the moment. "If any...


MYANMAR STRATEGY TO GET RETHINK AFTER FAILED INFRASTRUCTURE BIDS

MYANMAR STRATEGY TO GET RETHINK AFTER FAILED INFRASTRUCTURE BIDS
Source: The Japan Times - (26/08/2013)

Topics: Infrastructure

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 efforts at...


INDIA TO OPEN SUPER HIGHWAY TO BURMA AND THAILAND

INDIA TO OPEN SUPER HIGHWAY TO BURMA AND THAILAND
Source: The Telegraph - (26/08/2013)

Topics: Infrastructure

India is to open a new four lane motorway to allow traders and tourists to drive from its eastern tea state of Assam into Burma, Thailand and eventually Cambodia and Vietnam. The new "trilateral highway" is aimed at creating a new economic zone ranging from Calcutta on the Bay of Bengal to Ho Chi Minh City on the South China Sea. The first phase of the project was agreed during Indian prime minister Dr Manmohan Singh's visit to Burma this week when he and President Thein Sein set a 2016...


AIRLINES SCRAMBLE TO LAND IN MYANMAR, BUT VISAS STILL UP IN THE AIR

AIRLINES SCRAMBLE TO LAND IN MYANMAR, BUT VISAS STILL UP IN THE AIR
Source: Irrawaddy - (26/08/2013)

Topics: Infrastructure

BANGKOK — Foreign airline companies big and small are falling over one another in a battle for landing rights in Myanmar to tap into Southeast Asia’s new and rapidly rising tourist destination. Myanmar may still be a long way behind its neighbor Thailand in visitor numbers, but since President U Thein Sein began opening up the country two years ago, tourism has become one of its biggest businesses. More than 20 foreign airlines now fly direct to several cities in Myanmar, ranging from the...


MYANMAR TO BUILD LARGEST INTERNATIONAL AIRPORT

MYANMAR TO BUILD LARGEST INTERNATIONAL AIRPORT
Source: Mizzima - (23/08/2013)

Topics: Infrastructure

Myanmar is set to build a new international airport in central Bago region, which is nine times larger than the existing Yangon International Airport, Deputy Director-General of the Department of Civil Aviation (DCA) U Win Swe Tun told Xinhua in an exclusive interview Tuesday. South Korean Incheon Airport Consortium (IAC), which is among seven prequalified foreign tenderers from Singapore, Japan, France and South Korea, won the tender for building the Hanthawaddy International Airport on...


MYANMAR ABOUT TO UPGRADE HOTEL INFRASTRUCTURE

MYANMAR ABOUT TO UPGRADE HOTEL INFRASTRUCTURE
Source: ETN Global Travel Industry News - (23/08/2013)

Topics: Infrastructure

The Myanmar Ministry of Hotels and Tourism and the Myanmar Hoteliers Association will this month carry out joint inspections of selected hotels in the country as part of the government's strategy to upgrade certain hotel improve services. The Myanmar News Agency reports: “We were not able to judge hotels’ standard this year. But, we have a plan for upgrading them this month. We are going to inspect the hotels together with the Ministry of Hotels and Tourism. We are going to do this work...


GOVT SEEKS INVESTORS IN ROAD CONSTRUCTION

GOVT SEEKS INVESTORS IN ROAD CONSTRUCTION
Source: Mizzima - (19/08/2013)

Topics: Infrastructure

Myanmar’s Ministry of Construction has announced that they have been inviting private businesspeople to invest in constructing the country’s road network on a build-operate-transfer (B.O.T.) system basis. The Ministry says it has a blueprint to construct some 24,669 miles of highways and interstates. It said 3,514 miles of roadway have already been contracted through private enterprises, leaving 21,155 miles of road requiring funding. In applying to work a B.O.T system, the investor is...


OFFICIALS FROM MINISTRY OF INDUSTRY, MYANMAR INVESTMENT COMMISSION, MINISTRY OF MINES, MINISTRY OF TRANSPORT AND MAJOR CEMENT PLAYERS TO CONVENE AT 15TH ASIA CEMENTRADE SUMMIT IN YANGON

OFFICIALS FROM MINISTRY OF INDUSTRY, MYANMAR INVESTMENT COMMISSION, MINISTRY OF MINES, MINISTRY OF TRANSPORT AND MAJOR CEMENT PLAYERS TO CONVENE AT 15TH ASIA CEMENTRADE SUMMIT IN YANGON
Source: Business at IT Business - (15/08/2013)

Topics: Infrastructure

15th Asia Cementrade Summit, on the 24-25 Sep, 2013 in Yangon, is honored to host Government Officials from Ministry of Industry, Myanmar Investment Commission, Ministry of Mines, Ministry of Transport and cement industry players, in an information-packed event, presenting valuable updates on the upcoming cement market opportunities in Asia. His Excellency U Maung Myint, Union Minister of Industry, Ministry of Industry, Myanmar has been invited to deliver the keynote address. Asia is the...


MYANMAR OPPORTUNITIES EYED

MYANMAR OPPORTUNITIES EYED
Source: Business World Online - (15/08/2013)

Topics: Infrastructure

Victor S. Limlingan, the firm’s managing director, said in a phone interview that a group of DMCI Holdings executives led by the conglomerate’s president, Isidro M. Consunji, visited the Southeast Asian neighbor from July 16 to 19. “We were primarily interested in the real estate situation there. We learned that there is a shortage of housing,” Mr. Limlingan said. Mr. Limlingan, who was part of the visiting team, said DMCI Project Developers, Inc. President Alfredo R. Austria and “other...


NAYPIDAW IN US$100 MILLION CHINA DEAL TO BUILD TRAIN FACTORIES

NAYPIDAW IN US$100 MILLION CHINA DEAL TO BUILD TRAIN FACTORIES
Source: Irrawaddy - (14/08/2013)

Topics: Infrastructure

China and Burma have signed a US$100 million agreement to jointly build railway rolling stock. Ninety percent of the money will be covered by loans from Chinese state banks to finance construction of at least two factories to build diesel locomotives and passenger carriages, said the Chinese news agency Xinhua. Technical expertise will be provided by the China National Machinery Import and Export Corporation (CMC), the Chinese partner in the deal with Burma’s Ministry of Rail...


KOREAN CONSORTIUM TO BUILD NEW MYANMAR GATEWAY AS COUNTRY UPGRADES AIRPORT SYSTEM

KOREAN CONSORTIUM TO BUILD NEW MYANMAR GATEWAY AS COUNTRY UPGRADES AIRPORT SYSTEM
Source: Travel Daily News - (14/08/2013)

Topics: Infrastructure

MYANMAR - In the state-owned New Light of Myanmar newspaper, the Myanmar Ministry of Transport announced that a consortium comprising Incheon International Airport was the successful tenderer in a competitive bidding process to build a new airport handling 12 million passengers a year. The paper also announced that a consortium led by local firm Pioneer Aerodrome Services won the concession to operate the Yangon International Airport and Japan's Mitsubishi-Jalux Inc consortium won a...


JAPAN-MYANMAR CENTRE OPENS IN YANGON

JAPAN-MYANMAR CENTRE OPENS IN YANGON
Source: Myanmar Times - (14/08/2013)

Topics: Infrastructure

The Japan International Cooperation Agency (JICA) is deepening its assistance to Myanmar by launching new programs to alleviate poverty, develop human resources and enhance ties between domestic and Japanese firms, the president of the agency said following the opening of the Japan-Myanmar Centre last week. JICA’s Akihiko Tanaka also said that creating a proper investment environment in Myanmar is key to attracting Japanese businesses. “Japanese companies are watchingvery carefully now,”...


FRANCE PREPARES TO EXTEND INVESTMENTS IN MYANMAR

FRANCE PREPARES TO EXTEND INVESTMENTS IN MYANMAR
Source: Eleven - (13/08/2013)

Topics: Infrastructure

France is preparing to further invest in Myanmar’s infrastructure as well as in other sectors, according to reports following the visit of France's foreign trade minister. Last month, President Thein Sein visited France where he met with French President Francois Hollande and discussed matters of bilateral cooperation including promoting business and trade, the development of education, and health sectors and the settlement of remaining debts. France has already invested US$ 469 million...


INDO-MYANMAR BORDER MARKETS GET GREEN LIGHT

INDO-MYANMAR BORDER MARKETS GET GREEN LIGHT
Source: Mizzima - (28/07/2013)

Topics: Infrastructure

Myanmar’s Ministry of Commerce will move ahead with plans to open a series of markets at the Indo-Myanmar border area, said Tayza Aung Win, a director at the Sub-department of Internal Trade. The border markets will be opened in 10 villages in three townships of Chin State—Tiddim, Chikha, Tonzang— and three townships of Sagaing Region—Lay Shi, Lahe and Tamu. The news follows an announcement by the Ministry in April that a border market would be opened in Sagaing’s Pan Saung, which is...


Did You Know?
There are four major rivers in Myanmar: Ayeyarwaddy River, Thanlwin River, Chindwin River, and Sittaung River. ... More

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COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
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