fbpx

Singapore surpasses China as Myanmar’s biggest investor

Singapore has overtaken China as the country’s main source of foreign investment in 2019, according to data from the Ministry of Investment and Foreign Economic Relations. At a meeting on streamlining investment in Nay Pyi Taw last week, U Aung Naing Oo, the ministry’s permanent secretary, said, “The top investor in Myanmar through December 2018 […]

Exim Thailand ramps up support for Myanmar venturesCorporate

The Export-Import Bank of Thailand (Exim Thailand) is gearing up to provide more loans for Thai companies venturing into Myanmar on expectations of a long-awaited economic boom. The bank would provide more loans to Thai and Myanmar businesses that are considering using a wide range of Thai products in their commercial operations in Myanmar, said […]

Deadline for Yangon sky train land compensation announced

Land for the Yangon Urban Mass Rapid Transit (YUMRT) route will have to be acquired and the Yangon regional government has set the deadline for claims of resettlement and other compensation as May 6, the Yangon City Development Committee (YCDC) announced earlier this week. Any modifications, extensions and new construction done on land demarcated for […]

Coffee entrepreneurs seek success in Myanmar’s poorest state

Young people from Myanmar are starting businesses to escape poverty in Chin, the country’s poorest state in Southeast Asia’s least developed country. Chin is a mountainous state in western Myanmar. Its per capita gross domestic product was around 760,000 kyat ($500 at the current exchange rate) in 2017, only about a quarter that of Yangon, […]

Myanmar produces first corporate governance scorecard

Myanmar companies need to improve their business practices to become more competitive in local and regional markets, a new report shows. The Myanmar Corporate Governance Scorecard 2018 is the first report of its kind in the country and assesses the performance of 24 companies in the country. It is published by the International Finance Corporation […]

Thai, Myanmar Hotel Operators Sign MOU for $63 Million Project KMA

Myanmar-owned KMA Hotel Group has signed a Memorandum of Understanding (MOU) with one of Thailand’s largest hotel and resort operators, the company has announced, to partner on a US$63 million (96.86 trillion kyat) investment in several new and existing hotels throughout Myanmar. Centara Hotel and Resort, a subsidiary of Thai conglomerate Central Group of Companies, […]

In jungles of Myanmar, sin city looks to a better future

Upon cruising on its wide, well-paved streets, the first question that enters a visitor’s mind is whether the city is still part of Myanmar. Past the lush green mountains where the concrete roads snake through the hinterlands, past what seems like never-ending rice fields, lies the concrete jungle of Mine Lar city, popularly known as […]

Petrol prices anchored by strengthening kyat: officials

The strength of the Myanmar kyat has been a key factor in helping go stabilise local petrol prices at a time when global oil prices have become increasingly volatile. Since the start of the year, oil prices have risen on the back of US sanctions on Iran, a major oil-producing nation. As fuel is mostly […]

Sino Great Wall: Crashing out on the belt and road

Mottama Holdings invited journalists to a high-profile “topping-out” ceremony for its M Tower project, a 26-storey office building near Hledan junction in Yangon that used prefabricated steel structure from the company’s factory in the city. After putting in place the final steel beam – complete with gold-coloured bolts – more than 100 metres above Pyay […]

Invitation for Bid, Ministry of Construction, Deadline

Republic of the Union of Myanmar Department of Highways Ministry of Construction The Government of the Union of Myanmar has received a loan from Japan International Cooperation Agency (JICA) towards the cost of “Regional Development Project for Poverty Reduction Phase 2 MY-P17”. It is intended that part of the proceeds of this loan will be […]