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Yangon Officials see High Public Interest in Land Sale

The Yangon Region government has received over the 12,000 applications for request of proposals (ROPs) for land sold by the government, a Yangon official said. There were over 15,000 application forms issued by the government when it first announced the land sale. The regional government started selling the ROP forms for K10000 (US$6.60) each on […]

South Korean firm ink agreement on Dala Bridge

The Yangon regional government signed a Memorandum of Understanding (MOU) with Myanmar Wooree Co, a South Korean firm, to establish an industrial project on July 11. The regional government plans to construct this industrial project on the western side of Yangon River and will plan to connect that with the proposed Dala Bridge, located in […]

Better PR, infrastructure needed to woo more Korean investors

Myanmar must be more proactive and enthusiastic across its attempts to attract foreign investors, such as visiting with the countries it plans to attract investments from. It should also better communicate developments that would be of interest to investors, such as recent directives on liberalising the education and retail sectors, Lee Hyuk, Secretary General of […]

Workers at Myanmar Coffee-mix Factory Stalled in Dispute With Management

Protesting Myanmar workers at a coffee-mix factory in the Yangon region are locked in a stalemate with management over wages and other contract terms after representatives from the two sides met for talks on Tuesday, a leader of a workers’ organization said. Representatives for 700 of the Premier brand factory’s total 900 workers and management […]

South Korea eyes Myanmar investments in manufacturing, infrastructure

South Korea is eyeing expansion opportunities in manufacturing and infrastructure in Myanmar. At the Myanmar-Korea Investment Promotion Seminar in Yangon on Thursday, a delegation of 13 South Korean countries met with officials from the Ministry of Transport and Communication and Ministry of Electricity and Energy (MOEE), seeking opportunities to invest in the two sectors. “We […]

Heineken upbeat on future of Myanmar brewery

THOUGH Myanmar’s beer consumption is low at 6 litres per capita on a yearly basis, Heineken Myanmar sees it as a good opportunity for its expansion in Myanmar, according to managing director Rene Sanchez Valle. Sanchez Valle said in an interview that Myanmar is a dynamic and evolving market to be in, and the firm […]

Awba Group Pesticide Factory Operational by April

​​ Myanmar Awba Group has started work on building an IFC-financed agricultural pesticide factory, with phase one of construction scheduled to finish in April next year. U Nyan Lyin Phyo, chief executive officer of Piti Pyaeson company, which is part of the Myanmar Awba Group, said that when the first phase finishes the facility would […]

Russia, Myanmar Launch Working Body for Nuclear Tech Cooperation

Russia and Myanmar this week established a working body for nuclear technology cooperation, according to officials. Little is known about the bilateral taskforce, including who is involved or even how many members are included. The two countries signed a memorandum of understanding (MoU) to cooperate in nuclear technology for peaceful purposes in June last year. According to […]

Tiger and ABC Extra Stout Brands Return to Heineken after Two Decades

Two beer brands – Tiger and ABC Extra Stout – have returned to the Dutch beer maker Heineken’s portfolio of brands from the military-owned Myanmar Brewery Limited (MBL). The two brands were produced and distributed in Myanmar by MBL since 1995. After EU economic sanctions were imposed on Myanmar, Heineken left the country and MBL […]

Hmawbi residents in the dark over new city

Hmawbi township feels a long way from Yangon. Located just beyond the city’s northern limits, it is well known for supplying vegetables and fruit to the markets in Myanmar’s commercial capital. The main roads are busy but the area is rural and underdeveloped. Its tallest buildings are two six-storey towers beside the Hmawbi Myot Ma […]