Local resistance fails to halt Myeik coal-fired power plant

A local company says it will pursue plans to build a 50-megawatt coal-fired power plant in Tanintharyi Region once it has secured permission from Myanmar Investment Commission (MIC), despite continuing opposition from the community. Beside Lut Lut village – 12 miles (19.3 kilometres) from Myeik – Than Phyo Thu Mining Company and Myeik Public Corporation […]

Yoma Strategic appointed as Volkswagen importer & distributor for Myanmar

Yoma Strategic Holdings Ltd. has announced that its wholly-owned subsidiary, Yoma German Motors Limited, signed an importer agreement with Volkswagen Aktiengesellschaft (AG) on 29 February. Under the Agreement, Yoma German Motors Limited will serve as the official importer and distributor of a range of passenger cars and SUVs manufactured by Volkswagen AG, within Myanmar. The […]

German giant returns to Myanmar

German engineering group ThyssenKrupp has returned to Myanmar to resume a relationship that dates back more than 85 years. It opened an office in Sule, downtown Yangon, last month to show the group’s commitment to the long-term growth of Myanmar, said Stefan Schmitt, ThyssenKrupp’s Asia-Pacific CEO, adding that the Myanmar market was part of its […]

Startups in Myanmar Land of temples and tech

The startup culture germinates in an unlikely place REMARKABLE views greet visitors to Phandeeyar, an open-plan office and events space which sits atop a tower block in the centre of Yangon, Myanmar’s biggest city. Its north windows frame golden pagodas and colonial mansions; to the south weather-beaten cargo ships glide up the Yangon River. The […]

MyanmarCarsDB Pulls Ahead With Frontier Digital’s Investment

Humble founders of digital startups can take heart: Just because a deep-pocketed foreign company plants web stakes in a less developed country doesn’t necessarily spell doom for the little guy. There’s a significant proviso, though, that wasn’t true a decade ago: the first mover startup needs to attract generous angel investors pretty early on. Despite […]

Myanmar: Banknotes in boxes and power outages

For the first time ever, Myanmar has been host to a regional summit of the World Economic Forum. Despite a variety of problems in the country, pundits expect the domestic economy to expand in the years ahead. The president doesn’t have any time. Consultants from the UK, Germany, US and EU are waiting outside his […]