TPBI signs Myanmar MoU

SET-listed TPBI Plc, a plastic packaging maker, has signed a memorandum of understanding (MoU) with a local partner in Myanmar to build a factory there to serve export demand. Chief finance officer Kamol Borrisuttanakul said TPBI signed an MoU with Myanmar Start Group to start a feasibility study to expand plastic packaging business in Myanmar […]

Quezon City seals sister-cities pact with Myanmar’s Yangon City

QUEZON CITY, Feb. 3 (PIA)–Quezon City Mayor Herbert Bautista on Thursday signed a memorandum of understanding with the mayor of Yangon City in Myanmar binding the two Southeast Asian cities into a “sisterhood agreement”. Mayor Maung Maung Soe signed in behalf of the Yangon City Development Committee, the administrative body of the former capital and […]

Thailand, Myanmar jointly promote maritime tourism

PHUKET,(NNT) – High ranking officials from Thailand and Myanmar plan tourism and investment promotion opportunities for both countries’ tourism and services sectors. Permanent Secretary of the Ministry of Tourism and Sports (MOTS) Pongpanu Svetarundra, along with the Governor of Phuket, Chokchai Dejamornthan, have welcomed Myanmar’s Minister of Hotels and Tourism Ohn Maung for a conference […]

Myanmar-Korea textile zone to create 60,000 jobs

A five-hundred acre textile factory zone, which will reportedly create 60,000 employment opportunities for Myanmar workers, is reportedly to come to fruition through the concerted efforts of Myanmar and Korean business groups. The Myanmar Olympus Asia Developer Group and the Korean PANKO Corporation will be responsible for implementing the project which will see the production […]

Myanmar’s Aung San Suu Kyi to Meet With Migrant Workers in Thailand

Myanmar State Counselor Aung San Suu Kyi will meet with about 3,000 migrants from her country who work in neighboring Thailand to discuss their concerns about their status and risks during a three-day state visit that begins on Thursday, said the head of an activist organization that advocates for migrant workers. Aung San Suu Kui, […]

MPU and KEB Hana Card sign MoU

THE Myanmar Payment Union (MPU) and South Korean KEB Hana Card signed a memorandum of understanding (MoU) to jointly conduct payment services in Myanmar. According to the MoU, MPU Card users will have access to the services of KEB Hana Card and South Korean businessmen will also receive the financial service from local banks. Members […]

Japan’s participation in Thai-Myanmar Dawei economic zone to boost confidence in project

The official participation of Japan in a special economic zone in southeastern Myanmar initiated by Myanmar and Thailand will bring confidence and attract investors to the project, the Thai delegation said Monday after a trilateral meeting here. Thai Transport Minister Arkom Termpittayapaisith told a press conference that following Japan’s decision earlier this year to participate […]

Telenor signs agreement with Malaysian towers company

Telenor Myanmar has signed a memorandum of understanding with Malaysia telecoms service provider OCK Group and its local Myanmar partner, King Royal Technologies, the Shah Alam-based company announced last week. The agreement, which is for building and leasing towers, adds another firm to Telenor’s inventory of infrastructure providers. OCK Group subsidiary OCK Yangon – set […]

Keeping the FDI spigot flowing in Myanmar

After emerging from nearly half a century of economic isolation, Myanmar has become an investment darling thanks to reforms launched by military leaders four years ago. The surge in foreign direct investment (FDI) has been substantial despite restrictions remaining in some sectors and uncertainties surrounding the upcoming general election. Even though some investors have adopted […]

Yangon stock exchange risks opening under US sanctions

Myanmar’s first modern stock exchange risks falling under sanctions by the US Treasury when it eventually launches this year. The Yangon Stock Exchange is not designated specifically by the Department of Treasury’s Office of Foreign Assets Control (OFAC). However US officials have clarified that under US law it would be automatically sanctioned, as it is […]