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Thai property developer wants to invest in Myanmar

Thai property developer Ananda Development Public Co Ltd wants to expand into Myanmar and is now looking for suitable partners in the country, its officials told Myanmar journalists in Bangkok on October 9. The company will focus on urban projects in Myanmar and is now exploring the various avenues through which it can invest in […]

Myanmar offers tax exemption to entrepreneurs investing in new Yangon city project

YANGON, March 2 (Xinhua) — Myanmar is offering zone-wise tax exemption to entrepreneurs investing in a New Yangon City Project, aimed at attracting more investors to the city expansion project being implemented on lands to the west of Yangon River, according to the Myanmar Investment Commission Saturday. Those investing in Zone-1, which is least developed, […]

Mandalay poultry growers warn of problems from high costs

The country’s poultry industry could face serious trouble caused by high production costs, according to the Mandalay Region Livestock Breeding Federation. U Myint Oo, vice chair of the federation, said the price of chicks and feed remain high, although they declined slightly at the start of the month. “Production costs are higher than the price […]

Mining applications flow in, but few are complete

Over 1000 applications have been received for mining blocks since July, according to U Min Min Oo, permanent secretary at the Ministry of Natural Resources and Environmental Conservation (MONREC) at the 4th annual general meeting of Myanmar Federation of Mining Association held last week. However, only 193 of all the applications received are complete, he […]

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

Subscribe to our tender alert mailing list 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, […]

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 […]