Chinese companies showing interest in Myanmar avocados

A number of Chinese companies have plans to visit Myanmar and meet with local traders to start Importing avocados, according to the Myanmar Fruit and Vegetable Producers Association (MFVP). The MFVP showed such Fruits as avocados, mangoes, Pomelos, watermelons and honeydew Melons as well as Myanmar Thanakhar and tea leaves at a Fruit exhibition which […]

Chinese-led group to build Indian Ocean port, industrial park

Myanmar has chosen a consortium of mostly Chinese companies to develop a special economic zone sitting near plentiful offshore natural gas reserves. The Kyaukphyu zone, in the western state of Rakhine, already has an oil and gas pipeline connecting it to China, whose influence over southern neighbor Myanmar could grow as a result of the […]

Saha Group subsidiary Tiger expands to Myanmar

Tiger Distribution & Logistics Co, a subsidiary of Saha Group, has set up a joint venture with local partners in Myanmar to expand its logistics and warehouse business. Tiger Distribution & Logistics (Myanmar) has registered capital of 10 million baht. ICC International Plc, a marketing arm of Saha Group, and Vichien Kantathavorn, founder and managing […]

Multimillion-dollar Chinese companies not listed as top taxpayers

Chinese companies that are attempting to invest Ks 7 trillion in New Yangon City were not listed on this year’s top tax-payers list. Myanmar Setana Myothit Public Co is owned by a Chinese entrepreneur and was planning to develop the Yangon Myothit Project. The project has never held an open tender, and its details have […]

Hydropower megaproject still under analysis, says Myanmar Investment Commission

The 1,360-megawatt Hatgyi hydropower project – a joint venture between the local IGE Company and Chinese companies – is not yet officially permitted, and the case is still being studied, said Aung Naing Oo, the secretary of the Myanmar Investment Commission (MIC) at a press conference on December 2. “The Hatgyi hydropower project has not […]

Illegitimate Chinese companies hog housing projects in Myanmar

The majority of housing and residential projects in Yangon, Mandalay and Muse have been dominated by illegitimate Chinese companies. A local businessperson at the Myanmar Global Investment Forum said: “New Star Light Company, which is currently operating a 300-acre luxury complex in Muse, and the company implementing Mingalar Mandalay housing project in Mandalay are of […]

World Bank Injects a Shot of Electrical Power into Myanmar

Foreign investors appear hesitant to jump into Myanmar’s energy sector, given some of the problems faced particularly by Chinese companies and the setback posed by the halt on the US$3.6 billion Myitsone Dam project, plus an unclear investment playing field. But the World Bank is hoping their refurbishing of a gas turbine plant in southern […]

Chinese Thanlwin hydro projects to be revived

Myanmar plans to give the green light to three of six hydroelectric projects to begin construction on the Thanlwin River within three months, a high-ranking official at the Ministry of Electric Power said on August 16. “We plan to build six hydropower projects on the Thanlwin River,” said the official who asked not to be […]