Indian Texperts to cooperate with Myanmar garment factories

INDIAN technological company Textperts is gearing up to establish trade links with Myanmar garment entrepreneurs, according to the India Daily News Agency. Indian garment businesspeople have planned to open the door to cooperate with Myanmar businesses through the trade exhibition which will be held this coming June. Texperts, which runs successful and well established garment […]

Yangon Trade Centre tender to be re-opened

A tender will be called early next year to renovate the Yangon Trade Centre, which has been closed since a 2005 bomb attack, according to Ministry of Commerce officials. The ministry invited companies to restore the building last year, but scrapped the idea after receiving no suitable applications. Six companies applied but were all rejected. […]

BD to build 23km road inside Myanmar to connect with China

Bangladesh will build a 23-kilometre road from Gundam in Myanmar towards Kunming to connect with China to establish cross-border transport link among the three countries, Finance Minister AMA Muhith said Tuesday. “We will build 23-km road out of 170 kms which reaches from Gundam to Kunming as part of regional connectivity initiatives,” he told newsmen […]

Myanmar considers LNG to meet growing energy demand

Energy demand in Myanmar is rising fast. The country is abundantly rich in natural energy resources, but the investment of capital and technology will not be able to unlock these resources in time to fulfill the growing need for power. In the meantime, the Ministry of Energy is considering its options for imported fuel to […]

Mines Buried in Paperwork

declaration has been made to gem mining companies in Mogok, warning them to re-register their companies, according to the Myanmar Gem Mining Permission Inspection and Supervisory Committee. There are 150 companies which require permit extensions, the majority of which are locally-owned. These companies which began operating in the past three years were required to re-register […]

Slow liftoff for helicopter association as market grows

The Myanmar Helicopter Association was launched last week at the Heliops Myanmar Conference and Exhibition in Yangon, with a view to developing helicopter operations across the country. The newly formed association will be led by U Tin Aye, who aims to take on negotiatons between international companies and the Myanmar government to facilitate development of […]

Companies Resize Ambitions in Myanmar After Census

Census Shows Population Is Significantly Smaller Than Earlier Estimates Buddhist devotees visit Myanmar’s Shwedagon Pagoda. An official census released Saturday found the population of the country was significantly smaller than previously thought. Associated Press YANGON, Myanmar—A lower-than-expected population count is taking some of the shine off Myanmar, compelling current and hopeful investors to reassess what […]

Former MOFA office reopened as business centre

YANGON—The former office of the Ministry of Foreign Affairs on Pyay Road was reopened on Wednesday as a business centre for embassies and companies, according to the Youth Force Hotel Co, which signed the contract with the government to operate the project. The colonial-era building was renovated without changing its architecture at a cost of […]

Thai companies urged to invest in Myanmar ‘or miss out’

THAI enterprises should not delay when considering business and trade opportunities with Myanmar, otherwise they may lose out to other foreign investors, said Aung Than, vice chairman to the Mandalay Chamber of Commerce in Myanmar. With the ASEAN Economic Community (AEC) scheduled to commence in 2015, Aung Than said many foreign investors, particularly those from […]

Myanmar aims to set up its first stock exchange by 2013

Myanmar government is pushing hard to set up its first stock exchange in order to build up their capital markets. YANGON: Myanmar hopes to set up its first ever stock exchange before the end of this year. It expects Parliament to pass the Security Exchange Law within this month during the current session. Myanmar wants […]