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, […]

Digital consulting firm nexlabs attracts US$150,000 from MSH

London-listed? Myanmar Strategic Holdings Ltd has agreed to make a strategic minority investment in Myanmar-based digital consulting firm, nexlabs, worth a total of US$150,000, the investment holding company said yesterday. MSH said in a statement that nexlabs, under CEO Ye Myat Min, has created and developed digital products and integrated marketing solutions for a wide […]

Request for expressions of interest (consulting services – firms selection), Closing Date: 1 June 2018.

MYANMAR South East Asia Disaster Risk Management Project Project ID. P160931 Assignment Title: Component 1 Review of governance and legal structure of Southeast Asia Disaster Risk Insurance Facility (SEADRIF). Reference No. C1 CS2 The Government of the Republic of the Union of Myanmar has applied for financing from the World Bank toward the cost of […]

Thai developer WHA eyes 20% revenue growth this year – CEO

[BANGKOK] WHA Corp, Thailand’s top industrial estate and warehouse developer, targets a 20 per cent revenue growth this year on higher government spending on infrastructure, foreign investment and a growing e-commerce market, its chief executive said on Wednesday. The company is also set to benefit from tax incentives that its customers receive on the Eastern […]

Invitation for Bids, Department of Power, Transmission and System Control (DPTSC), Submission Date: 31 July 2018.

Loan Agreement No.MY-P8 dated 26/March/2015 IFB No. 1(T) DPTSC (PTP)/2018-2019 1. The Government of the Republic of the Union of Myanmar has received ODA Loan from Japan International Cooperation Agency (JICA). The Bid is invited by Department of Power Transmission and System Control (DPTSC) for the design, supply, installation including Civil and Building works of […]

More Japanese companies to invest in Myanmar: Thilawa Special Economic Zone

More Japanese companies to invest in Myanmar: Thilawa Special Economic Zone Sawako Utsumi and Lee Jay Walker Modern Tokyo Times Increasing numbers of Japanese companies are investing in the Thilawa Special Economic Zone (SEZ) in Myanmar. Of course, this SEZ is especially important for Japan because it highlights the importance of Myanmar to political elites […]