The Key to Jumpstarting Myanmar’s Economy: Electricity

It’s no secret that the National League for Democracy (NLD) faces myriad challenges in improving Myanmar’s socioeconomic situation. In fact, its biggest challenge might be deciding which issues to address first. Led by Nobel Laureate Aung San Suu Kyi, the NLD has made the peace process, which is aimed at ending decades of strife between the […]

Kirin adding Ichiban beer to store shelves in Myanmar

TOKYO — Kirin Holdings will sell its signature beer Ichiban to Myanmar consumers starting this month. The Japanese company has offered Ichiban as draft beer in upscale restaurants in the country, but will now target households directly by selling retail versions. Kirin will produce canned and bottled Ichiban with Myanmar Brewery, the country’s market leader, which it […]

Local banks fret foreign rivals

Domestic banks fear that international lenders opening branch offices in Myanmar will pursue an aggressive strategy and poach the best local clients, but commentators believe this is unlikely to happen, for now. Between April and September, nine global banks will open branch offices in Yangon, becoming the first foreign institutions to undertake active commercial operations […]

‘Romantic North’ reserves vital to domestic energy supply

Oil consumption in Myanmar is likely to double by 2025, meaning that new discoveries are essential to meet energy demand for the future without relying too heavily on imports. But some fear the dream of finding large proven reserves may not be realised. The likelihood of finding commercially viable reserves in recently awarded onshore and […]

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 […]

Ministry of Mines to invite Expression of Interest for Tin Smelting and Refining Plant; Closing Date: November 28th, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Ministry of Mines No. (2) Mining Enterprise Invitation of Expression of Interest (EOI) for Cooperation Private Public Partnership (PPP) in Tin Smelting and Refining Plant (Thanlyin) 1. No. (2) Mining Enterprise, Ministry of Mines intends to cooperate with […]

Foreign and Myanmar Citizens Investment Laws to Merge

In an effort to uphold the comprehensive investment agreement reached by ASEAN member states and support the goals of the ASEAN Economic Community (AEC), the Foreign Investment (FIL) and Myanmar Citizens Investment Laws (MCIL) are set to be merged into a single piece of legislation, a senior official said. Since November of 2012, the idea […]

Foreign fuel tender to come in October

Foreign firms will be likely be invited to compete to form a joint venture to distribute fuel in October, said Myanma Petroleum Products Enterprise (MPPE) director U Myint Zaw. Private fuel importing has been allowed since 2010, but foreign firms have so far been prevented from setting up shop. The successful firm in the joint […]

Foreign firms eyeing energy consulting tender

Ten international consulting firms have submitted expressions of interest to the energy ministry’s open tender seeking a consultant for the oil and gas business. The tender, announced in June, seeks a consulting company that can help the ministry create joint ventures for oil and gas exploration, as well as for the construction and maintenance of […]

Four Thai banks vie for licences in Myanmar

Thai banks with representative offices in Myanmar have a strong interest in applying for restricted-services licences, after that country recently opened up for such applications from foreign banks for the first time. Four Thai banks have representative offices in Myanmar – Bangkok Bank, Krungthai Bank, Siam Commercial Bank and Kasikorn-bank. If they can obtain the […]