Rubber fuel plant scheme underway in Mon State

The Mon State Government and Toyo-Thai Corporation Public Co., Ltd [TTC Public Co., Ltd] are planning to construct a rubber waste pellet fuel plant within the state, according to Mon State’s Investment and Companies Directorate Department. Representatives of the TTC Public Co., Ltd met with Mon State’s Investment and Companies Directorate Department officials on Friday […]

Yangon stock exchange to open to foreign investors

The Securities and Exchange Commission of Myanmar is preparing to allow foreign investors to access the new Yangon Stock Exchange and for local-foreign joint ventures to list, chair U Maung Maung Win said. An “appropriate” number of joint venture companies will be given permission to go public as soon as the new Myanmar Companies Act […]

US hikes investment ceiling for Myanmar reporting

The US intends to raise the minimum amount of investment that triggers reporting requirements for its firms in Myanmar, although there are doubts that the move would trigger much of an increase in investment. Senior US administration officials said on May 17 that as part of actions to help trade, investment and the new government, […]

Andaman explores solar in Sagaing

Investment and advisory firm Andaman Capital Partners is working with the Sagaing Region government to find commercial opportunities for solar power, with a view to securing a 450-acre site and generating up to 80 megawatts of electricity. If the project is approved, it would become the third major foreign investment into solar energy in Myanmar. […]

Frontier Markets: Myanmar, Explosive GDP Growth

The reason I’m revisiting Myanmar is because recently the State Bank of India (SBIN), together with the Vietnam Bank for Investment and Development, Taiwan’s E SUN Commercial Bank (2884:TT), and South Korea’s Shinhan Bank, were all granted permits to operate in that country. Last year, the first round of permits were granted to ANZ Banking […]

Thai’s BOI to open branches in Myanmar and Indonesia in push for investment abroad

THE BOARD of Investment plans to open branches in Myanmar and Indonesia next year as a priority measure to encourage Thai companies, and small and medium-sized enterprises in particular, to invest overseas. This will improve their opportunity to invest in new production plants in new export markets to boost income growth for the long term, […]

MIC approves 31 investments in January

The Myanmar Investment Commission approved 31 new local and foreign projects in January, mostly in the real estate and garments sectors, according to figures published by the Directorate of Investment and Company Administration. Of these, 15 were foreign, adding to the 138 international investments approved by the MIC since the start of this fiscal year. […]

Burmese oil explorer keen to invest in India

A Myanmarese businessman with stakes in South African and Australian offshore oil blocks is keen to invest in diverse sectors in India which is poised to become the world’s fifth largest consumer market by 2030. But he says India still needs to bring business reforms to attract foreign investments. “Yes I am looking for some […]

500 Startups enters Myanmar with an investment in local search engine Bindez

Leading startup accelerator-cum-seed fund 500 Startups has made an entry into Myanmar, with an investment in local language search engine Bindez. The size of the deal remains undisclosed. “The funds will be utilised to develop the team and product offering further, and continue to grow our value proposition and user base through 2016,” Bindez Co-founder and CEO Rahul Batra told […]

Qatar’s Ooredoo digs into Myanmar, says to target the mass market

* Plans to invest $350 mln in 2016, says to widen distribution * Dismisses suggestions of Myanmar exit * Ooredoo smallers telecom operator by subscriber numbers YANGON, Jan 29 Qatari telecoms firm Ooredoo is investing more in Myanmar this year in a bid to broaden its appeal, the head of its local unit told Reuters, […]