Myanmar region woos French FDI

Myanmar’s underdeveloped Tanintharyi region bordering Kanchanaburi province plans to attract European investment mainly from French companies in the months to come, according to Phyo Win Tun, planning and finance minister of the Tanintharyi region government. “At the regional government, we frequently receive business delegations from Europe, including France, Italy, Czech as well as from other […]

Telenor gears up to offer a Myanmar record for data speeds

AS MOBILE data consumption in Myanmar soars to some of the highest levels in the world, Telenor Myanmar plans to offer its subscribers a record speed for the country of 1 gigabyte per second (Gbps) in the near future, said Lars Erik Tellmann, the firm’s chief executive officer. Tellmann said at a press briefing on […]

PTTEP’s net profit jumps 60% from recovered oil prices & effective operation & cost management

PTT Exploration and Production Public Company Limited (PTTEP) reported 2017’s net profit at USD 594 million (equivalent to THB 20,579 million), soaring by more than 60% despite the impairment recognition of USD 558 million from the development plan adjustment in the Mariana Oil Sands project. Earnings Before Intereset, Taxes, Depreciation and Amortization (EBITDA) margin maintained […]

State Counsellor Encourages Greater Transparency with Resource Sector Investors

State Counsellor H.E. Daw Aung San Suu Kyi received representatives from the International Investors for the Mineral Development Association (IIMDA). Measures to improve transparency in the sector were a priority, including enhancing the availability of data and providing public access to resource agreements, the IIMDA said in a statement. International standards such as the Extractive […]

Nay Pyi Taw Gem Emporium Kicks off, Lower Sales Expected

A total of 6,875 gems, including two jade lots worth €5.8 million, will be exhibited for sale at the 2017 year-end Myanma Gem Emporium which will be held from December 12 to 21 at Mani Yadana Gems Hall in Nay Pyi Taw. “The two jade lots have the highest floor price among all the gems,” […]

UOB puts focus on Asean investment

UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]

Foreign and domestic investments rise during govt’s first fiscal year

In the National League for Democracy (NLD) government’s first fiscal year in power local investors made investments amounting to K1.57 trillion while foreigners made investments worth a total of US$7.44 billion in Myanmar, Deputy Minister of Planning and Finance U Set Aung said at the Pyidaungsu Hluttaw on August 31. DURING the 2016-17 fiscal year, […]

India’s policy change on pea imports impacts Myanmar

Severe restrictions announced recently by India limiting the amount of pea products from Myanmar has quickly and adversely affected the local pulses market, officials said yesterday. On Monday, India capped imports of mung beans and green mung beans (pigeon peas) at only 300,000 tons, after the prices of the pulses plummeted due to record production. […]

How Genius Coffee cracked Myanmar’s premium export market

One of the main challenges facing Myanmar is developing its export trade. The majority of Myanmar’s exports are extractives and raw goods. But some of Myanmar’s most lucrative potential export markets need to produce more value-added high-quality goods. The Global New Light of Myanmar Daily Newspaper interviewed U Ngwe Tun, founder mof Aung Nay Lin […]

Canadian engagement – Interview with Canadian Ambassador to Myanmar Karen MacArthur

Canada has a growing relationship with Myanmar and recently hosted a visit of Myanmar State Counsellor Aung San Suu Kyi to Ottawa. From the latest statistics, Canada currently has US$202 million invested in Myanmar. Bilateral trade as of 2016 stood at US$92 million, according to Canadian government statistics. In the following interview carried out this […]