Surbana Jurong and Mitsubishi Corporation Enter Joint Venture to Set up Fund Management Company

SINGAPORE, Sept. 14, 2018 /PRNewswire/ — Surbana Jurong Capital, the newly established financial services arm of Surbana Jurong, and Mitsubishi Corporation today signed an agreement to set up a fund management company (FMC). The FMC will be a 50:50 joint venture between the two companies and will be jointly managed by both partners. The FMC […]

Thai-Myanmar Joint-Venture YIG to Produce Four Types of Gases in Yangon

Yangon Industrial Gas Company Limited, a joint-venture between Myanmar investors and Thailand’s Bangkok Industrial Gas Co. Ltd, will produce four types of industrial and medical gases in 2020. “We are now in talks for land, and have ordered machinery. The plant will start operating as soon as the machineries arrive. We expect we will be […]

Myanmar-China joint venture donates school building in Myanmar’s capital

NAY PYI TAW, Sept. 7 (Xinhua) — Myanmar-China joint venture Southeast Asia Crude Oil Pipeline Co., Ltd. (SEAOP) donated a three-storey school building in Myanmar’s capital city Nay Pyi Taw Friday. The three-storey building having 15 classrooms which can accommodate 50 students each was donated to No. (3), Basic Education High School, Pyinmana. Zhang Qiang, […]

HG Metal commits US$2m to begin cut & bend, fabrication JV in Myanmar

HG Metal Manufacturing will pay US$2 million to take a majority stake in and to capitalise a joint venture in Myanmar, according to details of an agreement announced by the steel products maker on Thursday before the market opened. Under the terms of the agreement, HG Metal will pay US$95,700 to Singapore-incorporated holding company Fortune […]

Singapore Myanmar Investco calls off Jones The Grocer franchise joint venture

SINGAPORE Myanmar Investco (SMI) has terminated a joint venture meant to procure and launch the Jones The Grocer restaurant chain in Myanmar, the company announced on Thursday before the market opened. SMI, a Myanmar-focused investment and management company, said that the “initial development location”, which was the cornerstone to launching the proposed franchise, was no […]

Myanmar allows up to 80% of foreign investment in agriculture sector

Foreign businesses have been allowed to invest up to 80 percent in Myanmar’s agriculture sector instead of 49 percent, according to Myanmar Investment Commission (MIC). “Previously, the agriculture sector seemed to protect local businesses. At that time, a foreigner was allowed to invest 40 percent while a national had the chance to invest 51 percent. […]

FMI Air revealed to be Myanmar’s stillborn Air Asia partner

FMI Air (ND, Yangon) was involved in the ultimately failed joint-venture talks with the AirAsia Group regarding setting up a new low-cost carrier in Myanmar earlier in 2018, the Myanmar Times has revealed. The South-East Asia low-cost group announced in March 2018 that it had entered into talks with an existing Myanmarese carrier but did […]

Singapore Myanmar Investco JV partner moves to block TPR Myanmar sale

SINGAPORE (June 21): Singapore Myanmar Investco (SMI) says its joint venture partner Golden Infrastructure Group (GIG) has officially initiated legal action against the group’s sale of TPR Myanmar. To recap, SMI has been engaged in a dispute with GIG since Dec 2016 regarding their joint venture in Myanmar Infrastructure Group (MIG), which is the holding […]

Yamato ventures into Myanmar’s small-cargo delivery market

YANGON — In a move aimed at tapping into Myanmar’s small-cargo delivery market for homes and businesses, Japanese logistics company Yamato Holdings on Monday launched joint venture Yamato Global Logistics Myanmar in Yangon, the country’s biggest city. “In the near future, we want to offer small deliveries within Myanmar, one of our company’s strengths,” said […]

Ministry of Construction, Request for expressions of Interest, Flooding and Landslide Emergency Recovery Project (FLERP), Submission Date: 9 July 2018.

IDA Credit 5889 – MM Assignment Reference Number: C1-C2-MOC- CS- 01 Assignment Title: Rural Roads and Highways Design and Supervision (Consulting) Firm Lot Project Office Project Site Contracting Agencies Lot 1 DOH project office Nay Pyi Taw Rakhine and Chin States Department of Highways Lot 2 DRRD project office Nay Pyi Taw Ayeyarwaddy, Bago, Magway, […]