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The fight for resources in Myanmar’s deep south

Tanintharyi Region, the southern tip of Myanmar, abounds with natural resources and the problems associated with them. Residents in the isolated region face over-mining by foreign companies, the proposed development of a deep-sea port, an oil refinery and a special economic zone, mechanised farming of rubber and palm oil, an illegal trade in timber, overfishing, […]

Sumitomo JV to export Myanmar wooden furniture

A Local joint venture subsidiary of Japan’s Sumitomo Forestry is seeking overseas buyers for its furniture made from Myanmar rubber trees. The factory, based in Mon State’s Mawlamyine township, is run by local firm Moe Mya Chel Company in partnership with Sumitomo and Japan’s Oji Forest and Products. The three companies have invested 54 percent, […]

Thai firm signs 300MW solar deal

Yangon-based Won Toll signed an agreement for a 300-megawatt solar power project with Kamrai Panit from Thailand on May 18, said officials. The US$1 billion agreement will fund the solar power plant in Ayeyarwady Region to generate electricity to transmit to industries, said U Kunn Zaw Tun, chair of Won Toll. The figure is unusually […]

Death of rental book stores as readers switch to smartphones

Rental book shops may be losing the battle for young customers to the pull of social media, online gaming and the vast expanse of the internet. Stores that rent out comic books and other wares say they are seeing their customers distracted by a more high-tech pastime: surfing the web on smartphones. Children used to […]

MyPay to launch mobile wallet in Myanmar

Customers of mobile financial services provider MyPay in Myanmar will soon be able to make payments using their mobile phone through a new service based on technology from mobile wallet provider Cellum. “Cellum Mobile Next, Cellum’s market-tested mobile commerce wallet, will be available under the MyPay brand,” Cellum says. “The innovative wallet offers the latest […]

Partnership With ABS Enables Riedel to Establish Footprint in Myanmar, Strengthen Service in Malaysia and Singapore

WUPPERTAL, Germany — May 25, 2016 — Riedel Communications has partnered with systems integrator Advanced Broadcast Solutions — Asia Pte. Ltd. (ABS) to extend its reach into Myanmar, a new market for the company’s communications and signal distribution products. With offices not only in Myanmar but also in Malaysia and Singapore, ABS will aid Riedel […]

Brazil sugar flows to Myanmar seen rising as Indian exports abate

Brazilian low quality white sugar flows are expected to increase to Myanmar, believed to be a gateway for sugar smuggled into China, as Indian sweetener exports fall. Surging domestic sugar prices in India mean that Indian mills will increasingly spurn the export market, traders say. Availability of Thai sugar is also thin due to hefty […]

New Myanmar government may bring added investor scrutiny

Myanmar’s smooth transition to its first elected government under the National League of Democracy (NLD) has been applauded by the international community and investors alike. In May 2016, the US announced elimination of most remaining sanctions against Myanmar, marking the near-end of one of the country’s last political barriers to investment. Foreign business is moving […]

Thilawa SEZ phase two nears completion

The first phase of the 400-hectare Zone A was finished last September and the second phase is almost complete, said U Thein Han, chair of Myanmar Japan Thilawa Development (MJTD). More than 85 percent of the land in Zone A has been reserved by 69 light-industry manufacturers from across the globe, he said. Of these, […]

Citizens Bank targets July listing

Myanmar Citizens Bank hopes to become the third company to list on the Yangon Stock Exchange in early July, managing director U Myint Win said yesterday. The bank has met the requirements set out by the exchange and hopes “to be listed as soon as possible”, he said. MCB was one of six companies that […]