Semen Indonesia may drop Myanmar investment plan

State-run cement giant Semen Indonesia may cancel its plans to invest in Myanmar if the company and its local partner fail to reach an amicable agreement over the partnership deal, an executive has said. Semen Indonesia corporate secretary Agung Wiharto said that his company was facing another difficult round of discussions with its partner in […]

Many foreign companies register in Singapore to invest in Myanmar

This year, Myanmar has experienced a rapid influx of Singaporean investment as US-based and other foreign companies have registered in Singapore in order to invest in Myanmar, according to Myanmar Investment Commission (MIC). “Not only American but other international companies entered Myanmar under Singaporean registration. The first reason is for this is that not all […]

U Thin Sein Pushes Economic Ties, Dawei Support

President U Thein Sein looked to strengthen business ties with regional economic heavyweights at the 25th ASEAN Summit, including pushing for international support for an ambitious Dawei special economic zone plan. The president discussed promoting measures for economic growth with his Japanese, Indian and Indonesian counterparts on the sidelines of the event, which was held […]

South Korean giant plans massive factories

The TAEKWANG and Huchems Company Group, the biggest corporation from South Korea, says it is planning investment of US$600 million to construct factories on 173 acres of land to produce business and consumer products in Thilawa special economic zone. The company says it will create 500 jobs for locals. The construction of the factories will […]

Ministry of Environmental Conservation and Forestry to invite open tender to invest in Private Forest Plantation Program; Closing Date: October 23rd, 2014

Government of The Republic of The Union Of Myanmar Ministry of Environmental Conservation and Forestry Forest Department Nay Pyi Taw Invitation for Expressions of Interest (EoI) in Submission of OPEN TENDER to invest in Private Forest Plantation Program 1. Expression of Interest is invited to the interested individuals, organizations and companies from both local and […]

More Thai investors eyeing to enter Myanmar despite concerns

Officials at the Royal Thai Embassy in Yangon say business people from their country will not hesitate to invest in Myanmar’s swiftly expanding economy as it presents immense opportunities despite some concerns. The fact that the two countries share a 2,400 kilometre-long border presents an opportunity for increased border trade as the launch of the […]

Local Companies Invest US$ 45 Million in Luxury Napyidaw Hotel

NAYPYIDAW — Though Burma’s new capital Naypyidaw has developed a reputation as being somewhat of a ghost town, international hotel group Kempinski is confident about its prospects as it prepares to open a new luxury five-star hotel there in November. Local conglomerate Kanbawza (KBZ) Group and Jewellery Luck Company have invested US$45 million total, taking […]

Japan seeks opportunity in Dawei SEZ

Japanese officials from the ministry of economy, trade and industry met with the committee chairperson of the Dawei Special Economic Zone on July 20 to discuss investing in the project. The Dawei Special Economic Zone project was to be carried out by the Italian-Thai Development Plc (ITD) but was halted after the company sought more […]

US reviewing GSP for Myanmar

The United States Trade Representative is conducting a review whether to grant Myanmar trading privileges under the generalised system of preferences, according to the press release from the US Embassy in Myanmar. “In the past, the US included Myanmar in its GSP. Later it revoked. This tax advantage is being offered only to developing countries. […]

Myawady Industrial Zone attracts regional interest

Japan, Thailand, Korea and China have all voiced interest to invest in the Myawady Industrial Zone which is currently under construction near the border with Thailand. The Myawady Industrial Zone Project was started in April 2013 and is running ahead of schedule with 60 percent of the project already completed. It is expected to be […]