Thai cement giant starts work on Mon State plant

Thailand’s largest cement producer has begun work on its first factory in Myanmar, aiming to open doors on the facility as soon as the second quarter 2016. Siam Cement Group has been exporting to Myanmar for over two decades, but the August 2013 announcement to build a plant in Mawlamyine, Mon State marks the first […]

Foreign investment in commodity production rising

Cumulative foreign investment in the commodity-production sector reached more than US$4 billion at the end of May, according to the Directorate of Investment and Companies Administration. DICA said the investment had gone into 357 companies. These include manufacturers of beverages, electronic devices and construction materials. Total FDI reached $46 billion at the end of May, […]

Border trade with China increases three-fold

Myanmar’s border trade with China has increased three-fold in this fiscal year, reaching nearly US$ 3 billion as of December 13, according to the Department of Commerce and Consumer Affairs. The total trade figure hit US$2.88 billion between April 1 and December 13, in which export to China accounted for US$1.94 billion while import made […]

Mitsubishi & Nippon Koei eye to invest in Myanmar

The Japan-based Mitsubishi Materials Corporation and Nippon Koei companies are discussing plans to invest in Myanmar according to official reports. Executives from the two companies were meeting officials from Myanmar’s Directorate of Investment and Companies Administration (DICA) who reported discussing matters relating to the rules and regulations of foreign investment. Mitsubishi Materials Corporation is manufacturing […]