YHI unit in joint venture with Myanmar firm to market car and industrial products

MAINBOARD-LISTED YHI International, through its wholly owned subsidiary YHI Corporation (Singapore), has entered into a joint venture agreement with Aung San Company, a private firm in Myanmar dealing with the import of car products such as wheels, tyres, accessories, spare parts and general merchandise. Called YHI Aung (Myanmar) Company Limited, the new joint venture company […]

DaChan to enter Burmese market with joint venture

DaChan Great Wall Group (大成集團), a Taiwanese agriculture and food conglomerate, yesterday said it will tap into the Burmese market through a US$30 million joint venture in a bid to further cement its position in Southeast Asia. The group is to build feed mills and poultry plants in Myanmar by teaming up with the Myint […]

China-Myanmar gas power plant to be completed on schedule in 2018

A combined-cycle gas power plant in Thaketa Township will begin operations as scheduled in the first quarter of 2018, according to a statement released by General Electric (GE) earlier this month. The plant will be powered by GE’s renowned F-class gas turbines, producing 106 megawatts of energy when complete in 2018. A joint venture between […]

Mandalay Brewery’s JV with Kirin approved as market heats up

THE Myanmar Investment Commission (MIC) has approved a proposal by Mandalay Brewery, which is a subsidiary of Myanma Economic Holding Limited (MEHL), to operate a joint venture (JV) with Japanese brewer Kirin Holdings. Under the JV, US$9 million will be invested to upgrade the quality of machinery and beer at Mandalay Brewery, said U Hla […]

NHAI awards first international highway project in Myanmar to Punj Lloyd-Varaha

The National Highway Authority of India has awarded its first international project in Myanmar to a joint venture of Punj Lloyd-Varaha. This is for the upgradation of the Yagyi–Kalewa section in Myanmar to two lanes with earthern shoulder in the engineering, procurement, and construction mode. An official statement said the 120-km-long project was estimated to […]

Vietnam’s Viettel to launch 4G network in Myanmar

The Military-run telecom group, Viettel is expected to offer the world’s first 4G Only network in Myanmar in the first quarter of 2018, marking its first steps in the country, according to Vietnam.net. The joint venture was granted a licence at the beginning of the year. However, Viettel has pursued the market since 2002. The […]

Questions Raised About $300 Million Downtown Development Project

YANGON — Land clearing and demolition for a project worth more than US$300 million on the former site of a Defense Services Museum, near Shwedagon Pagoda, has prompted a lawmaker to inquire about the initiative in the upcoming parliamentary session. U Kyaw Zay Ya, a Yangon regional lawmaker representing Dagon Township—where the site is located—told […]

XMH Holdings enters into Myanmar joint venture

SINGAPORE – Diesel engine and power generating solution provider XMH Holdings has set up a joint venture company in Myanmar to manufacture transformers, generator sets and power solution products. XMH Holdings’ unit XMH Engineering has a 50 per cent stake in the joint venture entity, while Myanmar MarcoPolo will hold 25 per cent and Bulox […]

Daibochi expects a better second half with new plant’s contribution

KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd, which on Wednesday reported a 14% dip in first half-year net profit, expects a stronger performance in the second half of the year as it banks on its newly-operational first overseas plant in Yangon, Myanmar. The flexible packaging manufacturer said in a statement that the consumer packaging […]

Eco-friendly and job-creating investment being given priority to invest in Thilawa

Myanmar- Japan Thilawa Development Ltd (MJTD) has permitted investments in Thilawa Special Economic Zone giving priority to those who can create better job opportunities for the local people and are more eco-friendly. Currently, a total of 84 companies have been permitted to invest in Thilawa SEZ Zone A and the first phase of the Zone-B, […]