Foreign banks may set up shop this year

Officials aim for foreign banks to be introduced as early as this year, though questions still surround the process that could see up to 10 international banks licensed in Myanmar. Letters were sent to foreign banks with a domestic presence requesting expressions of interest by May 30. Lawmakers have since suggested hiring a foreign consultancy […]

Tender to setup Ecological Resort at Lampi Marine Botanical National Garden, Waralae Island, Mergui Archipelago. Closing Date: 30th May, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Ministry of Environmental Conservation and Forestry Forest Department Invitation for Proposed Tender to set up Nature Based Resort 1. Local and foreign investors are invited to submit the tender proposal for bidding the Waralae Island (Area=3920 Acres), the […]

Hong Kong manufactures to set up garment park in Myanmar

Garment manufacturers from Hong Kong have entered into an agreement to set up their first industrial park in Myanmar, reports the South China Morning Post. The apparel park would be set up on 200 hectare area in Yangon, the former capital of Myanmar. The park would be part of the 400-hectare Thilawa Special Economic Zone, […]

UMFCCI urges Chinese businesses to start factories

The joint secretary of the Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI), has urged Chinese investors not only to buy raw materials from Myanmar but also to set up factories. Aye Lwin was speaking at a business meeting between Myanmar and Chinese entrepreneurs on December 16, co-organised by the UMFCCI and […]

Six foreign companies receive approval for manufacturing and wood factories

Myanmar Investment Commission (MIC) has approved six foreign businesses, including the companies from China, India and Singapore, on December 4, to start their operation in the country. The approved businesses consist of two garment factories, one shoe factory, one sporting accessories manufacturing company and two wood factories. Chinese firm Kamcaine Manufacturing Ltd obtained approval to […]

Unilever Food Solutions looks to double B2B in Myanmar every two years

Unilever Food Solutions aims to double its business-to-business deals every two years in Myanmar, said Prasith Preechachalieo, managing director for Thailand, Indochina and Vietnam. He said the company, which is a unit of Unilever Thai Trading Ltd, began doing business in Myanmar in 2010, focusing on the restaurant market. Serving 200 restaurants in 2011, that […]