Denko gets green light for oil depot project

Denko Trading Company owned by business tycoon Chit Khaing has been granted permission to build an oil depot according to the Myanmar Investment Commission. The company will implement the project on 24 acres land of Thilawa Deep Sea port under a Build-Operate-Transfer (BOT) agreement authorised by the transportation ministry and Myanmar Ports Authority. Denko’s project […]

Japan’s IIDA to make electronics in Myanmar

IIDA Electronics Ltd. from Japan has been granted permission from the Myanmar Investment Commission (MIC) on February 13 to manufacture and sell electronic equipment in Myanmar. The company will set up a factory in Mingaladon Industrial Zone, in Yangon. IIDA was established in 1965 and has an initial investment of more than Yen 300 million. […]

Myanmar Carlsberg imports material for beer factory

Myanmar Carlsberg Ltd., a joint venture between Carlsberg and MGS Beverages, is importing equipment to open a beer factory in Bago. Materials have arrived at Thilawar port and are being transported to the industrial project zone in Bago. “We are bringing the things needed for the business. These are imported from Germany,” said Lu Min, […]

Tourism investment on the rise

Ministry of Hotels and Tourism has granted permission to build at least 923 hotels in late 2013 and international community is eyeing to invest in Myanmar tourism industry according to the Ministry. Among those interested in are majority from Asian countries. Some European countries have also expressed interested in the business. Many are making contact […]

Unilever receives licence to open Myanmar branch

U.K-based multinational Unilever has been granted permission to open a branch office in Myanmar. The Directorate of Investment and Company Administration issued a temporary license to Unilever under services category through the one-stop service system last Wednesday. Established in 1930, Unilever is a consumer goods company which now distributes over 400 brands to 180 countries. […]