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Myanmar, S.Korean company launch solar power plant in Rakhine state

A stake driving ceremony has been held in Manaung township, Myanmar’s Rakhine stake to build a solar power plant which can supply 24-hour electricity to more than 1,000 households, Myanmar News Agency reported Sunday. The first-phase project was launched on Saturday by the Ministry of Electricity and Energy, Rakhine state government and the POSCO Daewoo […]

Investment Agency Says Business Donations to Government Officials Violate Graft Code

YANGON — The Directorate of Investment and Company Administration (DICA) announced on Friday that companies and body corporates are not allowed to donate money either directly or indirectly to ministries or regional government departments, citing the Myanmar Companies Law 2017, to prevent corruption between government bodies and private companies. U Aung Naing Oo, director general […]

Total to develop LNG project, continue offshore production work in Myanmar

Myanmar is planning to double the supply of electricity in the country over the next two years with power generated by liquefied natural gas (LNG) to meet an expected domestic shortfall. Last month, the Ministry of Electricity and Energy issued a “Notice to Proceed” to investors in four gas projects, which will collectively add 3,000 […]

Chinese giant works to win the people

Though the Kyaukphyu area is set for large-scale investments, it is in Rakhine State, which is also home to some of the country’s poorest communities. Kyaukphyu hopes to become a hub for the oil and gas industry and is to be home to one of Myanmar’s three Special Economic Zones – yet local residents risk […]

EU Aims to Strengthen Myanmar’s Garment Sector

The European Union (EU) will provide up to €2 million in funding to promote CSR (Corporate Social Responsibility) activities of Myanmar’s garment industry. “The support will be provided in collaboration with UMFCCI (Union of Myanmar Federation of Chambers of Commerce and Industry) while we will make sure the funds are not used for purposes that […]

CSR as a strategy

Myanmar demands socially responsible practices from both local and international companies There is a growing consensus among foreign investors about making corporate social responsibility (CSR) a strategic tool to enter the market. That would be the right approach given that Myanmar authorities are pushing all companies operating in the country to share their benefits with […]

China Wanbao – building trust

Through a combination of land compensation and corporate social responsibility activities, the operator of one of China’s largest investments in Myanmar hopes to recommence operations after a year’s delays and wrangling. Dong Yunfei, a manager at the Yangon branch of Wanbao Mining, the Chinese State-owned company that operates the Letpadaung copper mine, wrote in an […]

Chevrolet opens new centre in Myanmar

Chevrolet has opened a Brand Experience Centre and is launching a three-tier corporate social responsibility (CSR) campaign as part of its unique entry strategy in its newest market of Myanmar. Chevrolet earlier announced that it would enter that country by appointing Pacific Alpine Myanmar as its exclusive distributor. Pacific Alpine Myanmar plans to establish a […]

Telecom bidders vie to stand out in Myanmar ‘beauty contest’

Subscribe to our tender alert mailing list Bidders for telecom licences in Myanmar are stepping up activities in the country in hopes of scoring high in a “beauty contest” being held by consultants hired by the government. The 12 shortlisted candidates were prequalified on April 11. The two successful applicants will be named on June […]