Yatanarpon Teleport looks for foreign partners

The majority state-owned Yatanarpon Teleport is in discussion with four foreign companies to establish a public – private partnership in the telecommunication sector. Among the companies that have shown interest, True Move from Thailand and Axiata from Malaysia are reported to be favorites. “We haven’t chosen anyone yet. We are now trying to establish Yatanarpon […]

Italian-Thai will have to submit bids: project chairman

Two companies formed by the governments of Myanmar and Thailand will take over as the main developers of the Dawei Special Economic Zone, project chairman U Aye Myint told a news conference in Yangon on December 2. The companies – Special Purpose Vehicle (1) and (2) – would take over the project’s development from Italian-Thai […]

Myanmar’s SMEs Uneasy Ahead of Asean Trade Zone

YANGON — Lamenting high domestic interest rates and Myanmar’s relative inexperience in the competitive global marketplace, small and medium enterprises (SMEs) in Myanmar are wary as 2015 approaches, when implementation of the regional Asean Economic Community (AEC) is expected to drop barriers to trade in Southeast Asia. The government and private sector have collaborated on […]

Myanmar Firms Feel Pinch From Abroad

YANGON, Myanmar—The world’s biggest consumer companies are flocking to Myanmar, filling the once-pariah nation and its backward economy with goods previously unavailable to its 60 million people. But not everyone is happy. Some of the country’s biggest conglomerates—plugging away at the cash-strapped market for decades and fighting hard to grow despite crippling Western sanctions—are now […]

Can Myanmar fisheries compete with Thailand and Vietnam?

Fishery factories in Myanmar will have to compete with experienced competitors in Thailand and Vietnam if they aim to conduct successful CMP (cutting, manufacturing, packaging) operations, say industry experts. Domestic fisheries firms will also be obliged to improve the state of their factories and machinery, and their technological and transportation systems if they are to […]