Myanmar pulses market examined

The permanent secretary of the Ministry of Commerce said that several strategies are being explored to restore the stability of Myanmar’s pulses market. The Myanmar pulses market was sent into disarray last month when India, the largest buyer, put severe restrictions on imported pulses in an attempt to protect the price of their own supply […]

Aust’s investment poised to rise after Chambers’ merger

Australian investors’ interest in Myanmar is forecast to rise, thanks to the recent merger of the country’s two chambers of commerce in Yangon. Jodi Weedon, CEO of the new AustCham Myanmar, said the new organisation would be formed following a memorandum of understanding signed on August 14. She said the merger would enable one unified […]

US$400 million Chinese investment proposed for 33 agricultural extension centers

Myanmar’s Agribusiness Public Corporation (MAPCO), the Myanmar Rice Federation (MRF) and the China CITIC Construction Group submitted a US$400 million proposal to Myanmar Investment Commission (MIC) to construct the 33 agribusiness service centers in states and regions. “We will construct the 33 agribusiness service centers as soon as possible,” said Dr. Soe Tun, the MRF […]

Manila Water, IFC to collaborate on water projects in Asia Pacific

PARTNERSHIP FOR WATER PROJECT – Manila Water Philippine Ventures and Manila Water Asia Pacific President and CEO Virgilio C. Rivera Jr. (second from left) and IFC Regional Director for East Asia and the Pacific Vivek Pathak (center) shake hands during the MOU-signing together with Manila Water Company Chairman Fernando Zobel de Ayala (left) and IFC […]

Lacking Training, Mon State Investment Committee has no Real Power

The recently formed Mon State Investment Committee has been unable to begin work on soliciting and regulating investment because of a lack of direction from the Union investment body that formed it. Members of the Committee, which was formed on July 7, say they are waiting for the Myanmar Investment Commission (MIC) to train them […]

Thai Exim Bank opens first overseas rep office in Yangon

THE Export-Import Bank of Thailand is opening its first overseas representative office today to support Thai companies investing in 18 infrastructure projects in Myanmar worth more than Bt700 billion. The new office is in Yangon, the country’s commercial capital. Woramin Thavarabha, Exim Bank’s chief representative in Myanmar, said in an interview yesterday that Thai investors […]

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 […]