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Dollar appreciation takes toll on domestic construction industry

Dollar appreciation is a drawback to local construction sector as the country has to import nearly 90 per cent of construction materials, said Ko Ko Htwe, Patron of Myanmar Construction Entrepreneurs Association and chair of Tawin Family Company, at a talk on the condominium law and challenges being faced by construction sector, at Pan Pacific […]

Yangon Contractors Face Trouble

Due to the dollar rate appreciation, bad weather, and a sluggish market, contractors are facing difficulties and troubles. In order to address the issue, an event was held at The Sky Star Hotel on July 21. The event that was drafting the Apartment Law gave the opportunity for many to express their feelings. Feelings of […]

Myanmar goods seek to penetrate int’l market through Canton Fair

YANGON, Feb. 13 (Xinhua) — Myanmar will seek to penetrate international market through exhibition of its goods at the upcoming 123rd Spring Canton Fair of China, the official Global New Light of Myanmar quoted the Ministry of Commerce as saying Tuesday. “Participating in the trade fair can not only prevent illegal trading but can promote […]

Yangon to Mandalay Railway Back on Track

The railway linking Yangon to Manda­lay has been slat­ed to receive a series of large-scale, overdue reno­vations. With a loan from the Japan International Co­operation Agency (JICA), the 385 mile stretch of rail will be revamped to meet international standards and halve transportation times. U Myo Win, General Manager of Myanma Rail­ways, told the Myanmar […]

Foreigners can now trade in Construction Materials, Hospital Equipment, Fertilizers, Seeds and Pesticides without having to JV with Myanmar citizens

Subscribe to our tender alert mailing list Under Ministry of Commerce Notification 36/2017 foreign-owned companies can now trade, import, wholesale and retail the following items: Construction Materials Hospital Equipment Fertilizers Seeds Pesticides Previously only local Myanmar companies and foreign JV were allowed to be engaged in the above sectors. Under the new government we are […]

Thai cement giant starts work on Mon State plant

Thailand’s largest cement producer has begun work on its first factory in Myanmar, aiming to open doors on the facility as soon as the second quarter 2016. Siam Cement Group has been exporting to Myanmar for over two decades, but the August 2013 announcement to build a plant in Mawlamyine, Mon State marks the first […]

Foreign investment in commodity production rising

Cumulative foreign investment in the commodity-production sector reached more than US$4 billion at the end of May, according to the Directorate of Investment and Companies Administration. DICA said the investment had gone into 357 companies. These include manufacturers of beverages, electronic devices and construction materials. Total FDI reached $46 billion at the end of May, […]

Border trade with China increases three-fold

Myanmar’s border trade with China has increased three-fold in this fiscal year, reaching nearly US$ 3 billion as of December 13, according to the Department of Commerce and Consumer Affairs. The total trade figure hit US$2.88 billion between April 1 and December 13, in which export to China accounted for US$1.94 billion while import made […]

Mitsubishi & Nippon Koei eye to invest in Myanmar

The Japan-based Mitsubishi Materials Corporation and Nippon Koei companies are discussing plans to invest in Myanmar according to official reports. Executives from the two companies were meeting officials from Myanmar’s Directorate of Investment and Companies Administration (DICA) who reported discussing matters relating to the rules and regulations of foreign investment. Mitsubishi Materials Corporation is manufacturing […]