Myanmar’s Foreign Policy Rebalance

The country’s shift in its alignments is about more than just China and the United States. Myanmar’s new government is making its international debut. In mid-August 2016, Beijing welcomed Aung San Suu Kyi on her first visit to China since becoming Myanmar’s state counselor and foreign minister. This followed her trips to Myanmar’s ASEAN neighbors […]

Korea-Myanmar venture to build 500-acre garment zone

A Korean firm and a local company have teamed up with a view to building free-on-board (FOB) garment factories on 500 acres of land through a 50-50 joint venture. Myanmar-based Olympus Asia Group and Korea’s Panko Corporation signed a memorandum of understanding on August 20 and are looking for land in Yangon, Bago or Ayeywarwady […]

Mango growers need agricultural certificate to enter international market

MANGO growers need to obtain agricultural certificate to help prove the quality of their products to enter the international market, local farmers say. The country has received a greater interest from Japan, Korea, Australia and the U.S, said Ma Zin Mar Than of Myanmar Fruits, Flower, Vegetable Producer and Exporter Association. Exporters say, nearly 10,000 […]

Railway Station project expected to launch May 2017

“THE Yangon Central Railway Station comprehensive development project is expected to launch in May, 2017,” said an official from Division 7 of the Yangon Central Railway Station. When the bid bond of the first tender for the project to promote the Yangon Railway Station for the 2014-15 budget year was invited bidders were unable to […]

‘Korea’s tech transfers key to Myanmar’s reforms’

YANGON, Myanmar — With Myanmar spurring political, economic and administrative reforms, technological assistance coupled with financial aid from Korea and other industrial powerhouses will help expedite the country’s ongoing transformation, according to a senior official at Myanmar’s ruling party. Hantha Myint, chief of the economic committee within the National League for Democracy led by Aung […]

Myanmar can flourish by sowing seeds of agricultural prosperity

On 30 March, Htin Kyaw, a long-time adviser and ally of Aung San Suu Kyi – whose National League for Democracy party achieved a historic victory inrecent elections – became the first elected civilian to hold office in Myanmar since the army took over in 1962. The NLD won the democratic battle and enjoys unparalleled political capital and […]

MPE cancels tender for Nyaungdon LPG Plant Joint Venture Project

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. THE Myanma Petrochemical Enterprise (MPE) announced yesterday that there were no successful applicants for the Nyaung Don LPG Joint Venture Project and the tender is officially cancelled. The MPE invited prospective foreign investors to submit a Letter of […]

Korean Investment in Burma Likely to Increase

RANGOON — After a delegation from the well-known South Korean Daewoo Group of Companies met with Burma’s outgoing president on Tuesday, there is speculation that the country plans to increase investment in Burma. During the meeting between Thein Sein and Daewoo CEO Young-Sang Kim, the topics of discussion included investment in Burma’s hotels, energy, mining […]

Yangon’s real estate challenge

After a pause while investors awaited the outcome of elections, the property market in Myanmar’s biggest city is picking up again, but some sectors will do better than others. Myanmar has experienced dramatic changes economically and politically over the past few years. As foreign investors rush to set up shop in the newly open market, […]

Yangon’s real estate market cools down in 2015

Over the past several years, Myanmar’s economic capital of Yangon has enjoyed a flurry of real estate activity following the loosening of military rule and a gradual process of liberalisation.  However, 2015 proved to be a fairly quiet period for the city’s real estate as the market cooled in the run up to November’s elections […]