Myanmar awards fourth telecoms license as mobile market heats up

Myanmar on Thursday awarded its fourth – and final – telecoms license to a joint venture between Vietnam’s telecom company Viettel and two local firms, heating up competition in a rapidly growing market by adding a second majority-Myanmar operator. Military-run Viettel will have a 49 percent stake in the new venture called Myanmar National Tele […]

BASF plant to produce construction chemicals in Myanmar

Germany’s BASF is building a plant in Myanmar to produce chemicals for the booming domestic construction industry, and to fill a need for more advanced materials. “As Myanmar’s construction industry grows more sophisticated in its scope, which includes high-rise buildings, roadways and bridges, the requirement for high-quality technical and construction solutions will increase,” said Christian […]

Australia Wants AIIB to Invest in Coal Power

​​ Australia is reportedly lobbying hard for the China-led Asian Infrastructure Investment Bank (AIIB) to invest in coal power projects in Asian countries. The newly-established development bank is currently drafting its energy strategy and the prospect that coal could be excluded from its priorities has alarmed both the Australian government and the country’s powerful coal […]

BASF Planning First Myanmar Plant

​​ Subject to Myanmar regulatory approvals, the plant will be located in the country’s commercial capital, Yangon, and will be designed to produce tailor-made construction chemical solutions from BASF’s Master Building Solutions portfolio for the local building market. BASF opened its service office in Yangon in September 2015, but has been offering solutions to customers […]

ANA Plans to Start Flights From Myanmar

​​ TOKYO – ANA Holdings Inc has invested in a new airline venture in Myanmar that aims to start international flights in 2018 as the Japanese carrier seeks to capture demand in Asia’s fastest-growing economy. ANA has a 49% stake and a local company holds the remainder, Shinya Katanozaka, chief executive officer of Japan’s largest […]

If Trump Punishes China, Investors Could Seek Safety in Myanmar

Financial markets in Asia didn’t fancy the outcome of the US election. Markets fell on the news of the Trump victory, and despite a rebound the MSCI Asia Pacific Index was trading close to a one year low last week. Worst affected have been countries with a high proportion, close to 40%, of their sovereign […]

Mitsubishi Consortium to Build Yangon Complex

TOKYO — A Japanese consortium that includes developer Mitsubishi Estate and trading company Mitsubishi Corp. will build a commercial complex in Yangon in partnership with local developers. The project, in a country often referred to as Asia’s last frontier, includes two office buildings, condominiums and a hotel and services unit on a 4-hectare site in […]

Singapore Firms Wary About Rushing Into Myanmar

The expected wave of investment from Singapore firms venturing into Myanmar following the nation’s reforms has not occurred, mainly due to wary companies waiting for clearer policy direction. Many thought the rise to power of Ms Aung San Suu Kyi’s National League for Democracy (NLD) a year ago would trigger the piling of investors into […]

Dutch Firm Invests in Local Feed Factory

After five years of importing Vietnamese products into Myanmar, Dutch animal feed company De Heus has opened a factory in Myanmar to start producing for the local market directly. The firm is starting with a 10 million euro (K14 billion; US$11.2 million) foreign direct investment and aims to produce 240,000 tonnes of feed a year […]

Myanmar’s Road Construction Plans: Potholes Ahead

Despite a proven wealth of natural resources and a large, albeit suppressed, domestic market, Western interest in Myanmar has so far been limited. Asia, however, is taking far more notice. While immediate neighbors China and Thailand look to promote their own regional priorities in Myanmar, East Asian nations, such as Japan and South Korea, have […]