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Kevin Fitzsimmons: Myanmar’s aquaculture potential on par with Thailand

The Government of Myanmar has targeted Aquaculture as a solution to widespread malnutrition and rural poverty in the Southeast Asian nation. With its 2,000 kilometers of coastline, Myanmar has the potential to reach the production levels of its neighbor, Thailand, as a seafood Producer, according to Kevin Fitzsimmons, a professor in the Department of Soil, […]

Metro’s Myanmar subsidiary secures US$20m IFC loan

The Myanmar subsidiary of German retail group Metro AG has raised a US$20m loan from the International Finance Corporation, the private-sector arm of the World Bank. The subsidiary Metro Wholesale Myanmar is a 85pc-15pc joint venture between Frankfurt-listed Metro AG and Singapore-listed Yoma Strategic Holdings, offering one-stop wholesale food service distribution for hotels, restaurants, retailers, […]

German firms eye Myanmar’s water sector

German companies will be travelling to Yangon, Nay Pyi Taw and Mandalay to explore Myanmar’s market focusing on water and wastewater infrastructure and a conference on the topic is hosted by the German Federal Ministry of Economic Affairs and Energy (BMWi) and the German Water Partnership (GWP), in collaboration with the German Embassy in Yangon. […]

Australian, German & NZ Business Chamber Joint Networking Event at Gallery Bar, Sule Shangri-la on 17 Oct 2018 6.30pm

  Member : MMK 5,000 Non-Member: MMK 10,000 Click here to register  

Irish building up a head of steam in Myanmar

When Kieran Rabbitt stepped off a plane and into the heavy Yangon heat four years ago, little did he think he’d still be in Myanmar today, at the cutting edge of the country’s digital revolution. From offices in downtown Yangon, the Athenry native – along with Karim Ainsworth from Belfast – runs Cube Digital. The […]

Insein GTI to reopen with German help

The 120-year-old Government Technical Institute (GTI) in Insein township, Yangon Region is set to reopen its doors once again and will teach technical and vocational subjects with the help of the German government. U Aye Myint, Director General for the Department of Technical and Vocational Education and Training, Ministry of Education (MOE) said the institute […]

One of world’s biggest superyachts ‘built using illegal Burmese timber’

A German shipyard used illegally-sourced teak from Myanmar to construct a superyacht for a Russian billionaire, a public prosecutor has claimed. Nobiskrug shipyard on the river Eider used wood supplied by a Burmese government-controlled firm which was sanctioned earlier this year for exporting teak from threatened forests, lawyer for the state Axel Bieler said. Timber […]

Local resistance fails to halt Myeik coal-fired power plant

A local company says it will pursue plans to build a 50-megawatt coal-fired power plant in Tanintharyi Region once it has secured permission from Myanmar Investment Commission (MIC), despite continuing opposition from the community. Beside Lut Lut village – 12 miles (19.3 kilometres) from Myeik – Than Phyo Thu Mining Company and Myeik Public Corporation […]

Yoma Strategic appointed as Volkswagen importer & distributor for Myanmar

Yoma Strategic Holdings Ltd. has announced that its wholly-owned subsidiary, Yoma German Motors Limited, signed an importer agreement with Volkswagen Aktiengesellschaft (AG) on 29 February. Under the Agreement, Yoma German Motors Limited will serve as the official importer and distributor of a range of passenger cars and SUVs manufactured by Volkswagen AG, within Myanmar. The […]

German giant returns to Myanmar

German engineering group ThyssenKrupp has returned to Myanmar to resume a relationship that dates back more than 85 years. It opened an office in Sule, downtown Yangon, last month to show the group’s commitment to the long-term growth of Myanmar, said Stefan Schmitt, ThyssenKrupp’s Asia-Pacific CEO, adding that the Myanmar market was part of its […]