Interra Resources JV completes development well in Myanmar

PETROLEUM exploration and production firm Interra Resources said on Tuesday that its joint-venture entity, Goldpetrol Joint Operating Company, has completed development well CHK 1220 in the Chauk oil field in Myanmar as an oil producer. Interra has a 60 per cent interest in the Improved Petroleum Recovery Contract of the Chauk field and also owns […]

VPower, CNTIC form JV to operate Myanmar emergency power plants

Hong Kong-listed VPower Group has set up a 50-50 joint venture with a Chinese state firm to develop three power plants in Myanmar as part of the government’s bid to stop power cuts this year. VPower, which enjoys close links with investment bank CITIC, and state-owned China National Technical Import & Export Corporation (CNTIC) will […]

Myanmar and Japan to form JV for Hanthawaddy Airport construction

Myanmar and Japan have reportedly revived negotiations to form a joint venture (JV) for the construction of Hanthawaddy International Airport. The airport will be built in the Bago Region of Myanmar and is likely to entail an investment of around $1.5bn. Authorities from the Myanmar and Japanese governments have already met several times to prepare […]

Yoma Strategic, Pernod Ricard announce JV, target leadership in Myanmar’s whisky industry

Yoma Strategic Holdings Ltd. (“Yoma Strategic”) and Pernod Ricard have announced that they intend to form a joint venture company which will focus on the production and distribution of whisky in Myanmar. Pernod Ricard will install an internationally experienced management team and become the largest shareholder in the new company. The remaining equity will be […]

Myanmar Strategic Holdings in JV to operate Yangon private school

Myanmar Strategic Holdings (MSH) and Auston Institute of Management have formed a joint venture to set up and operate a private school in Yangon, according to an April 6 announcement by MSH, which is listed in London. As part of the agreement, MSH will provide the required funding, which is estimated to be around half […]

Actual FDI Hits $3.7 Billion This FY, Says MIC

The actual inflow of foreign direct investments amounted to US$3.7 billion during this fiscal year even though Myanmar Investment Commission has granted US$5 billion. The MIC releases the FDI lists every month and has issued the actual inflow of FDI twice during 2017-2018 fiscal year. From 1988-1989 until December of the 2017-2018 fiscal year, the […]

Invitation for bids to build Dala Bridge, Submission Date: 23 February 2018

Date: 9th January, 2018 EDCF Loan Agreement No.: MYA-10 Contract Title: Korea –Myanmar Friendship (Dala) Bridge Construction Project 1. The Republic of the Union of Myanmar, Ministry of Construction has received a Loan from the Export-Import Bank of Korea from the resources of the Economic Development Cooperation Fund (EDCF) of the Republic of Korea in […]

EOI for Consulting services (firm selection), Myanmar, Closing Date 17 Nov 2017

South East Asia Disaster Risk Management Project Project ID. P160931 Assignment Title: Component 3 Preparation of Detailed Engineering Designs and Bidding Documents for the seismic retrofitting of 20 buildings in Yangon, and Construction Management and Supervision of the Works. Reference No. C3 CS1 The Government of the Republic of the Union of Myanmar has applied […]

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 […]

SHL Eyes Myanmar Affordable Housing Market

KUALA LUMPUR (Aug 24): SHL Consolidated Bhd’s joint venture (JV) with Japan-based Marubeni Corp is looking at tapping into Myanmar’s affordable housing market, in line with their business venture across the Association of Southeast Asian Nations (Asean) region. SHL executive director Datuk Seri Yap Chong Lee said the JV planned to leverage areas where Marubeni […]