Myanmar boosts incentives for infra development, labour-intensive projects

THE MYANMAR Investment Commission, a government body to facilitate both foreign and local investment, has planned plans to provide more incentives for investors in the two areas that are crucial to the country’s growth, labour-intensive industries and infrastructure development, a senior official said. According to Aung Naing Oo, secretary of Myanmar Investment Commission and director […]

Japan’s participation in Thai-Myanmar Dawei economic zone to boost confidence in project

The official participation of Japan in a special economic zone in southeastern Myanmar initiated by Myanmar and Thailand will bring confidence and attract investors to the project, the Thai delegation said Monday after a trilateral meeting here. Thai Transport Minister Arkom Termpittayapaisith told a press conference that following Japan’s decision earlier this year to participate […]

IFC to loan Ooredoo $150 million for infrastructure

The project – which has been in the works for the last few months and has involved Ooredoo’s corporate group, local management in Myanmar and the IFC – will primarily fund infrastructure development, according to Ooredoo’s new CEO, Rene Meza. The funding will mostly go toward “expansion of our existing network footprint,” he told The […]

Oil and gas and the debate over ‘quality’ investment

Not enough Myanmar companies are benefitting from foreign investment in the oil and gas sector, says Parami Energy group chairman and chief executive officer U Ken Tun. U Ken Tun says that of the companies operating in or providing services to the sector, fewer than five percent are Myanmar. Most of the foreign companies in […]

Myanmar Business Forum to discuss key sectors

Infrastructure development is one of several key sectors to be discussed at the upcoming Myanmar Business Forum (MBF) in July this year, according to a press release. The forum will also focus on other sectors such as agriculture, fishery, forestry and breeding, natural resources, banking and finance, hotels and tourism, manufacturing, trade and investment, servicing […]

Myanma Port Authority: Invitation for Procurement of Cargo Handling Equipment. Closing date 23rd April, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Invitation for Prequalification (For Procurement of Cargo Handling Equipment) 1. The Government of the Republic of the Union of Myanmar has received a Loan from Japan International Cooperation Agency toward the cost of the Sub-Project for Expansion of […]

Myanma Port Authority: Invitation for Procurement of Cargo Handling Equipment. Closing date: 23rd April, 2014

Invitation for Prequalification (For Procurement of Cargo Handling Equipment) 1. The Government of the Republic of the Union of Myanmar has received a Loan from Japan International Cooperation Agency toward the cost of the Sub-Project for Expansion of Yangon Port in Thilawa Area (Phase-I) under Infrastructure Development in Thilawa Area (Phase-I). It is intended that […]

Gov’t receives management training from GE

BAGAN—The General Electric Foundation has sponsored a senior management programme for Myanmar’s government officials, developed by the Lee Kuan Yew School (LKYS) of Public Policy, company sources say. More than 44 senior government officials from various ministries—the President’s Office, Commerce, Communications and Information Technology, Construction, Finance, Energy, Electric Power, Health, National Planning and Economic Development, […]

Thilawa SEZ’s progress will determine Japanese investments — Japanese minister

YANGON—Japan is quite hesitant about investing in Myanmar and its future investments will depend on the progress of the Thilawa Special Economic Zone, said Yoshihiko Isozaki, Japan’s Vice Minister for Economy, Trade and Industry, on Saturday. “Several Japanese leaders visited Myanmar this year. Japanese investors are really interested in boosting bilateral trade. In fact, Myanmar’s […]