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Canadian company to pursue lithium exploration in Myanmar

AsiaBaseMetals Inc announced its entry into the Myanmar mining sector last week. The Canada-based miner will focus on mining lithium and has already obtained the necessary documents that will enable it to submit investment proposals to the Myanmar Investment Commission. Once submitted and if approved, AsiaBaseMetals will be the first company to venture into the […]

Medicine importers urged to weather kyat’s woes

A national trade group has urged importers and exporters of medicine and medical equipment to charge fair prices and not interrupt supplies to hospitals, clinics, doctors and patients because of the US dollar’s high exchange rate. “Our association has no administrative power, so we appeal to importers and exporters of medicine and medical equipment, in […]

Myanmar designates 20 fields to promote investment

Myanmar’s efforts to promote investment will target 20 newly designated fields covering 192 types of businesses and services, using a law enacted in October that makes it easier for foreign companies to receive tax benefits. The industries covered include manufacturing, agriculture, urban development, communications and medicine, while fields such as mining and finance did not […]

Medicine, Cosmetics Imports to Follow ASEAN Standards

The Food and Drug Administration (FDA) is set to release official legal guidelines in accordance with ASEAN drug guidelines, the department announced. “In addition to cosmetics, medical machines and devices that are distributed to the market will also be brought in line with ASEAN drug standards,” said Daw Khin Saw Hla, assistant director of FDA. […]

Local, foreign firms to upgrade Yangon pharmaceutical factory

YANGON – To boost medicine production, Myanmar’s Ministry of Industry plans to upgrade Pharmaceutical Factory No 1 in Yangon in cooperation with local and overseas companies. At present, entrepreneurs in Myanmar and abroad can bid for contracts to build the facility and install equipment. Interested companies must send an Expression of Interest (EOI) to the […]

Pharmaceutical businesses approved for full-fledged foreign investment

Subscribe to our tender alert mailing list Medicine production and private hospital construction can now take place using 100 per cent foreign investment, said Aung Naing Oo, the secretary of the Myanmar Investment Commission at a press conference on Tuesday. “Joint ventures are coming. Some European countries have eyes on this business. Previously, medicine production […]

Vietnam’s biggest pharmaceutical company to invest in Myanmar

DHG said it would spend VND91 billion ($4.5 million) on this project to produce medicine. The construction of the plant could begin next year if the two parties reach an agreement. DHG’s Chair Pham Thi Nga confirmed the possible investment, but noted that the company was still in the survey period. “We have just conducted […]

Foreign investment in private healthcare limited to 70pct

Foreign companies will only be allowed to invest in private hospitals and clinics on a 70:30 ratio with local partners, according to the Deputy Health Minister. Deputy Health Minister Dr Thein Thein Htay made the remark in response to a question raised by MP Dr Aung Than on the government’s agenda for private health services […]