JK Paper plans to increase plantation in Myanmar

Mumbai JK Paper is exploring the possibility of enhancing forest plantation in Myanmar to secure its key raw material requirement for operations in India. The paper industry, which has made an investment of Rs. 20,000 crore in last five years, is hit hard by the high pulp prices in India. Globally, pulp prices have plunged […]

Myanmar marine tourism gaining luxury reputation

Myanmar’s Mergui archipelago is gaining favour among luxury travelers in the international marketplace, according to a new report from C9 Hotelworks. The region only became accessible to tourists in 1997, at which time the primary tourist target was the diving and sport fishing industry, however, with surging demand from the upscale market segment, 12 approved […]

Myanmar’s United Paints Group adopts modern software system

FPT Information System (FPT IS), together with ACE Data Systems, last month announced the successful implementation of the SAP® Business Allin- One solution for United Paints Group (UPG), the leading paint manufacturer group in Myanmar. UPG is the first local company to use the SAP Business All-in-One solution in Myanmar, an integrated system that allows […]

Power sector: Lofty goals, missed targets

The power sector in Myanmar over the past five years has been characterized by ambitious plans and unrealized targets. While a few power projects have been completed during the outgoing government’s term, others were suspended or cancelled and dozens more remain in limbo. Myanmar remains one of the least-powered countries in Southeast Asia. Just over […]

Myanmar Investments International Limited Raises US$20 million for More Investments in Myanmar

Myanmar Investments International Limited Successfully completed a new subscription. MIIL closed an additional equity fund raising of $3.8 million in December 2014. Myanmar Investments International Limited (AIM: MIL) (the “Company”), the AIM-quoted Myanmar focused investment company, today announces that it has raised US$19,942,395 (gross) through a subscription of 17,341,214 new ordinary shares of nil par […]

Ooredoo to Get New CEO for Myanmar Unit

Qatari telecoms firm Ooredoo said that Rene Meza, currently managing director of Vodacom Tanzania, will replace Ross Cormack as CEO of its Myanmar business. The firm said in a statement that Cormack “has taken the decision to leave his position later this year.” Over the past two years, Ross has led the Myanmar unit from […]

Ministry of Energy to invite open tender for Conveyance of Yetagun Condensate in Thanlyin; Closing Date: January 15, 2015

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. INVITATION FOR OPEN TENDER (TENDER NO.6(T) MPE/ CONDENSATE (2) / 2014-2015) 1. Open Tender is invited for the Myanma Petrochemical Enterprise, the Ministry of Energy for the Conveyance of Yetagun Condensate 0.7 Mbbls (±5%) from Yetagun Marine Terminal […]

Taking stock of StanChart’s absence

Some local bankers are linking Standard Chartered’s decision not to proceed in the race for a Myanmar banking licence to reports of a possible management shakeup at its United Kingdom headquarters. Industry observers said the United Kingdom-based bank has the most international reach of the 42 banks with a Myanmar representative office. However, Standard Chartered […]

NEC, Shwe Taung to Provide Network and Security Infrastructure for MICC

Local conglomerate Shwe Taung Group together with NEC Asia Pacific announced that the firms will provide network and security infrastructure for the Myanmar International Convention Centre in the country’s capital Nay Pyi Taw. Through the deal, NEC Asia Pacific, a subsidiary of Japanese IT and network technologies company NEC Corp, will be the main information […]