Manila Water, Mitsubishi ink deal for Myanmar project

MANILA, Philippines – Manila Water Company, Inc. and Mitsubishi Corporation are set to pursue a water project in Myanmar following the signing of a memorandum of understanding (MOU) with the Yangon City Development Committee (YCDC).

The MOU, which was signed Monday, is for the development of a proposed non-revenue water reduction project for Yangon City.

The proposed project is in line with Manila Water’s plans to pursue projects outside the East Zone and other selected markets in the Asian region.

Manila Water in a disclosure to the stock exchange said it will provide more information on the MOU “once definitive agreements on the proposed project have been executed and/or completed.”

YCDC is an administrative body of the Yangon city government overseeing the water, infrastructure, business licenses and city property management.

Yangon, also known as Rangoon, is the largest city and used to be the capital of Myanmar.

Source: ABS-CBN Interactive

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here