Indonesia SOEs Set to Expand Into Myanmar

Yangon. Indonesian state-owned mining companies Timah and Aneka Tambang and lender Bank Negara Indonesia are finalizing business expansion plans in Myanmar.

Ito Sumardi, Indonesia’s ambassador to Myanmar, said on Saturday that BNI would set up a representative office in the country either this month or next, without taking on local partners.

Tri Hartono, secretary of Aneka Tambang, a diversified metals miner, said the company was waiting for the Myanmar government to issue it an exploration permit, while Tmah secretary Agung Nugroho said the tin miner was working with a with a local partner in Myanmar.

He added the company had idropped a plan to build a smelter because the location previously promised to the company had proved “inadequate,” and would instead acquire an existing smelter in the Mekong Delta.

The spate of new projects are expected to boost the bilateral trade value between the two countries to $1 billion in 2016, Ito said.

The state-owned companies’ moves follow the Lippo Group, one of Indonesa largest conglomerates, which inaugurated its first hospital in Myanmar on Saturday. Investor Daily and the Jakarta Globe are affiliated with the Lippo Group.

Source: Jakarta Globe

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.


To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page “Actual Sample of Client Report”. Click here to go to page.


Do you know that IE Singapore is giving ≤ SGD 20, 000 support under the MRA Grant and > SGD 20,000 under the GCP Grant for Singapore companies to venture into Myanmar? To learn more click here.