Kayin State opens tender for Hpa-an mall

The Kayin State government is calling tenders for building the first shopping mall in the state capital of Hpa-an, a senior planning official said. U Than Naing, minister of the municipality as well as of the planning and finance departments of the state government, said the project was planned to be built within a two-and-a-half-year […]

Myanmar businesses join hands for FDI

THE MYANMAR Investors Development Association (MIDA), an alliance of large-scale local enterprises, will help the government achieve its economic goals by actively engaging with local and foreign investors, according to its chairman Khin Maung Aye. ”For our country to grow further, we need to create thousands of jobs for our citizens. Job creation entirely depends […]

Thai investors buoyed by CLMV investment climate

Following the strong economic growth in Asean, especially in CLMV countries (Cambodia, Laos, Vietnam, and Myanmar), Thai investors have expanded their regional investment by focusing on alternative energy, food and agriculture processing, tourism, and service business. According to a report by the Bank of Thailand, as of September 30, 2017 Thai investors showed outstanding direct […]

Price, quality of domestic petrol and diesel under scrutiny in Yangon

Private petrol stations in Yangon are selling around 270,000 gallons of petrol and 150,000 gallons of diesel at spot prices on a daily basis, U Han Htoon, Minister of Agriculture, Livestock, Forestry and Energy said in the Yangon Parliament this week. Concerns over higher petrol and diesel prices are rising as global oil prices have […]

Dawei SEZ is for the few, not the many

A few elites will benefit from reviving Dawei SEZ, but what about the rest? Civil society organisations demand authorities to halt the controversial Dawei project and rethink. CIVIL society organisations have demanded the authorities to reconsider the plans to revive the controversial Dawei Special Economic Zone (SEZ). They argued that a site-wide environment impact assessment […]

Myanmar farmers going against the grain with apps

A free app on farmer San San Hla’s smartphone is her new weapon in the war against the dreaded stem borer moth that blighted her rice paddy in southern Myanmar for the last two years. As she watches her workers haul in this year’s harvest, the 35-year-old is in a triumphant mood, ascribing her victory […]

Zhefu Holding-Supreme Group consortium to develop USD 2.5bn Myanmar gas-fired plant project

A Zhefu Holding Group Co Ltd-Supreme Group of Companies consortium plans to build a 1390MW gas-fired power plant under an EPC contract in Myanmar, according to a source from a project participant. The total project investment (TPI) is around USD 2.5bn. The project owner is Myanmar Electric Power Enterprise, which will start to seek project […]

Myanmar seeks Malaysian FDI in energy, plantations

MYANMAR is seeking more foreign direct investment (FDI) inflows from Malaysia to help develop its key economic sectors. Malaysian conglomerates have been called to capitalise on the country’s increasing demand for electricity and vast areas of untapped land by bidding for energy projects and expanding oil palm cultivation capacities in Myanmar. Former Deputy Finance Minister […]

Mandalay approves investments exceeding K1.4 billion

The Mandalay Region Investment Committee has approved over K1.4 billion in investments since the Myanmar Investment Law was approved in October 2016, U Thike Htoon, assistant director at the Directorate of Investment and Company Administration (DICA), said on Monday. The investments were approved for the first time after the Myanmar Investment Commission (MIC) established Region […]

Myanmar drafts digital economy master plan

The Digital Economy Development Committee (DEDC) is drafting the Myanmar Digital Economy Development Master Plan to develop and regulate the country’s booming digital economy, committee member U Mya Moe Aung said. In addition, the DEDC will prepare a short-term (2-3 years) and a medium-term (3-5 years) working programme. It will start implementation when the master […]