UK aid program seeks to make it easier to do business in Myanmar

The United Kingdom’s development arm announced a £25 million (US$32.5 million) aid program yesterday geared toward making it easier to do business in Myanmar and boosting growth in key sectors of the economy, like agriculture and garment manufacturing. The UK and Australia are currently working with the Directorate of Investment and Company Administration and the […]

Transforming Myanmar’s corporate landscape – Aung Naing Oo and Winfried Wicklein

For more than a century Myanmar companies have been regulated by the colonial-era Myanmar Companies Act of 1914. The law shares similarities with company laws from other former British colonies such as Singapore, Malaysia and Hong Kong – yet while they have updated their laws to reflect the realities of modern businesses, the Myanmar Companies […]

Six bids received for power project

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Ministry of Electricity and Energy has received six tender applications for the construction of a 300-megawatt power plant, according to Myanmar Electric Power Enterprise. The applications came from: a consortium of Maxpower Myanmar Pte Ltd, LNG Link Pte Ltd, Consultant International Company Pte Ltd,SEPCO Electric Power Construction Corporation, a joint venture between Indonesia, Singapore and China; the UK-based Aggreko International Projects Ltd; China Energy Engineering and China ITS Holdings Co Ltd; Singapore-based Karpowership Asia Company Pte Ltd; […]

Tourists can’t stay away from Mandalay

MANDALAY, one of largest cities in Myanmar, has seen increased numbers of international visitors over the past five months, according to the Ministry of Hotels and Tourism. Between January and May this year, nearly 160,000 tourists entered the city, an increase of 22 per cent over the same period last year, said an official from […]

From Dubai to Yangon, signs of Chinese wealth are everywhere

Seeking relief from a depreciating yuan, Chinese outbound investors have been on a roll lately, proposing jaw-dropping acquisitions in the commercial real estate sector in recent months from Dubai to Yangon and every investment haven in between. The speeds of capital deployment from the Middle Kingdom has been met with suspicion both at home and abroad. Determined […]

Metro Mining Ltd to acquire Mahar San Copper/VMS Project in Myanmar

Metro Mining Ltd’s (ASX:MMI) main focus remains its bauxite assets, with the company now adding some additional exploration interests. Metro has entered into an agreement to acquire an 80% stake in the Mahar San Copper/VMS Project in Myanmar. The project is highly prospective for copper, gold and base metal mineralization in Volcanic Massive Sulphide (VMS) […]

What potential does Myanmar offer food exporters?

The boom in tourism in Myanmar has inflated local demand for international food brands, while the local food manufacturing base remains very limited in scope. Tourism is expected to continue to grow after the country’s first democratically elected government came into power in April. Myanmar’s ministry of hotels and tourism announced a record 4.6m international tourists […]

Sembcorp has one foot in the door of Myanmar’s promising utilities market: analysts

It’s building a US$300m gas power plant in Myanmar. Sembcorp Industries plans to make a deep mark in the Southeast Asian country, starting with building the biggest gas-fired independent power plant in Myanmar. According to a report by RHB Research, it will own 80% of the power plant, with 20% going to MMID Utilities. “With […]

Scottish firms in Myanmar oil and gas mission

A delegation of Scottish companies is heading to Myanmar this week in an effort to tap into opportunities in the country’s oil and gas sector. The visit comes after Myanmar opened up to international trade and investment following decades of military rule. The delegation includes temporary power company Aggreko and oil and gas firms Wood […]

Myanmar company with over 100 hectares of agricultural and plantation land looking for JV Partner

Our client a Myanmar company owns over 100 hectares of agriculture and plantation land in Myanmar. Currently our client is only utilizing 20% of the land that they own for producing fruits and vegetables as they are only supplying to the domestic Myanmar market. The client is also doing food processing and canning and the […]