Railway Enterprises Bleeding Money, Gov’t Aims to Privatise

Myanma Railways-owned enterprises will be privatised step by step, according to an official from the state-run organisation. “We are unable to make profit in some of our operations. So we will prioritise these for privatisation,” said U Arkar Min, commercial manager of Myanma Railway Division (7). “In order to get into the public-private partnership (PPP) […]

Myanmar company with Gold & Jade Mining Plots and Permit is looking for business partners

Our Myanmar client is a looking for business partner for Gold Mining (20 acres at Sagaing Division) and Jade Mining (15 acres in Kachin State). Our client has the necessary government permits and is looking for a JV partner with capital. Interested investor please fill up the form here .

Securities bond firms can set up JV with foreign partners

Local companies dealing with securities bonds can set up a joint venture with foreign partners if they want to, according to Myanmar Securities Exchange Commission (MSEC). The Yangon Stock Exchange is set to be established before October this year. “We will allow both the 100 per cent citizen ownership and joint venture with foreign partners […]

Myanmar allows investment by 16 local, foreign companies in October

YANGON, Nov. 5 (Xinhua) — Myanmar allowed 12 local companies and four foreign firms to make investment in the country last month, the Directorate of Investment and Company Administration said on Wednesday. Of the 12 national-owned companies, two are expected to invest in local and foreign air transportation services, while others will build and run […]

List of Pre-Qualified Applicants for JV in the Jet-Fuel Business with Myanmar Petroleum Product Entreprise

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Ministry of Energy Myanma Petroleum Products Enterprise The List of the Prequalified Applicants for Joint Venture in the Jet Fuel Business Date: 26-6-2014 Sky Tanking Holding GmbH Singapore Petroleum Co., Ltd. Puma Energy Group Pte. Ltd. Bangkok Aviation […]

Mitsubishi-Jalux to upgrade Mandalay International Airport to airfreight logistics hub

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Mitsubishi-Jalux Inc. has been chosen as the winner of the final tender for a project to upgrade the Mandalay International Airport to an airfreight logistics hub in central Myanmar, the tender selection team announced yesterday. France’s VINCI Airport […]

MIC grants permit for island hotel in Mergui national marine park

The Myanmar Investment Commission (MIC) has allowed a joint venture company to start a hotel business on an island that is part of a national marine park in the pristine Mergui archipelago. Kyaw Phyo Win Mauk Company and Mokan International Co. Ltd have been granted a 50 year lease on the white-sanded Phila Island, which […]

China’s troubled copper mine back on track

Geng Yi, the managing director of the Letpadaung Copper Mine, is cautiously optimistic that one of China’s largest investments in Myanmar will “soon be back on track”. Months of protests by local farmers and activists had brought operations to a halt. The project, a joint venture between China’s Wanbao Mining and its Myanmar partner, Union […]

Myanmar approves five foreign businesses

The Myanmar Investment Commission (MIC) has approved five foreign businesses which will include a luxury island hotel, river cruises and a new wood factory. Mokan International Co Ltd, a joint-venture of Scandinavian-based Gecko Holdings Ltd and Kyaw Win Phyo Mauk Co Ltd (Myanmar), were given approval to develop a luxury hotel project on two islands […]

Over 140 joint ventures in Myanmar’s growing oil and gas sector

The number of joint ventures between local and international energy companies now exceeds 140 say officials from the Ministry of Energy. According to Myanmar’s most recent foreign investment law, foreign companies are generally required to make joint ventures with local companies in order to invest in the oil and gas sector. On June 12, a […]