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3 businesses with operations in this fast-growing asian country

Myanmar is considered the “final frontier” in Asia — both literally and metaphorically — as it is one of the last countries within Asia to open its doors to foreign investors in recent years. In the last decade or so, countries such as Vietnam, Cambodia, and Laos have opened up to the outside world, and […]

Kyaukphyu port: What happens next?

After more than two years of negotiations, the Myanmar government and China’s state-owned CITIC Group signed the framework agreement for the proposed US$1.3 billion deep-sea port in Kyaukphyu on November 8. At the press conference, CITIC chair Chang Zhenming said this meant “the beginning of further steps”. “Signing this agreement is the starting step for […]

Southeast Asia seeks ways to protect car industry

Several Southeast Asian countries are finding ways to protect their emerging car industries from imports, after eliminating auto duties by the end of last year. Indonesia, Vietnam and Thailand have introduced measures either to hinder imports or benefit local production, while Malaysia is looking at possible curbs on foreign car sales. The new trend is […]

Insurance industry progressing at slow pace, foreign competition needed: AMI

It has been five years since the government first allowed private insurance businesses to offer their services in Myanmar in 2013. But further liberalisation is needed and the authorities have been saying they are close to allowing foreign insurance providers to operate domestically. In August, U Zaw Naing, secretary of the Insurance Business Regulatory Board […]

APR Engery’s Kyaukse power plant project extended through 2016

APR Energy plc, a global leader in fast-track power solutions, announced today that its 102MW project in Myanmar has been extended through 2016, with financial terms similar to those in the initial agreement, according to statement from the company on 17 November. The original contract for the plant, signed in February 2014, was the first […]

APR Energy extends Myanmar contract

Temporary power provider APR Energy has confirmed that its 102MW project south of Mandalay, Myanmar, has been extended through to 2016. The original contract for the plant, signed in February 2014, was the first agreement between a US-based company and the government of Myanmar for power generation since the lifting of sanctions. The Kyaukse power […]