Three 100-Ton Bran Oil Plants to Be Built in Myaungmya, Kyaiklat and Yangon

Three 100-ton bran oil plants will be built in Myaungmya, Kyaiklat and Yangon this financial year, Ye Min Aung, the managing director of Myanmar Agribusiness Public Corporation, said. “In the 2017-2018 fiscal year, three 100-ton bran oil plants will be built in Myaungmya and Kyaiklat from Ayeyawady Region and Twantay from Yangon Region. The investment […]

Myanmar has 3 Years of Strong Growth Ahead, Says World Bank

​​ Myanmar’s economy will recover from a 2016 slump to expand at over 7 percent for next three years, according to a new World Bank review. But the path is still replete with risks, and many of the imbalances that plague the economy are getting worse. Like the IMF, which lowered its estimate in October, […]

Myanmar Companies Act sent to parliament

The Myanmar Companies Act – a pivotal piece of legislation that will reform how companies are regulated and allow foreign investors onto the Yangon Stock Exchange – was submitted to the Pyithu Hluttaw at the start this month, according to Directorate of Investment and Company Administration Director General U Aung Naing Oo. The new act […]

MAPCO courts investment for agri-industry park

​​ Myanmar Agribusiness Public Corporation (MAPCO) is building the first of several planned agricultural industrial parks in Ayeyarwady Region aimed at attracting foreign and local investment into agriculture and agri-business. U Ye Min Aung, MAPCO’s managing director said the Myaungmya township-based project is small-scale but innovative. Basic infrastructure including roads, a jetty and an electricity […]

Rice Exports to Africa Grow

​​ About 60 per cent of rice exports via sea from 2012 to 2016 are being exported to African markets with China second, according to the Myanmar Agribusiness Public Corporation (MAPCO). MAPCO exported over 86,000 tonnes of rice to Africa nations, more than 17,885 tonnes to China, in excess of 13,000 tonnes to Indonesia, more […]

Rumors of Foreign Investors Soon Accessing YSX Quashed

RANGOON — Foreign investors will be unable to buy shares on the Yangon Stock Exchange (YSX) as long as the Myanmar Companies Act is not amended, a senior YSX official said, dispelling rumors that shares trading would open up to foreigners this week. Earlier this week, misleading news apparently spread after Maung Maung Win, chair […]

Foreign fertiliser factory deal signed

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Japan-based Mitsui says it will invest 1.2 billion yen (US$10.50 million) to build a fertiliser plant in Thilawa Special Economic Zone in cooperation with Singapore’s Behn Meyer and the Myanmar Agribusiness Public Corporation (MAPCO). Mitsui & Co Ltd […]

Foreign firms bid for telecoms contract

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. An international telecoms firm will be chosen at the end of the month to partner with a nationally owned public company to form Myanmar National Telecoms, a fourth telecoms operator. “Applications closed on January 8 and received seven […]

Foreign firms eye new Myanmar telecoms licence despite inexperienced partners

Jan 25 Seven foreign firms are interested in bidding for Myanmar’s fourth telecoms license, a government official said on Monday, as the prospects of one of the region’s least connected nations outweigh the challenges of a partnership involving obscure local firms with scant industry experience. Chit Wai, deputy permanent secretary of the Ministry of Communications […]

Myanmar calls EOI for fourth telecoms operator

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. The government has asked international telecoms operators to submit expressions of interest ahead of a tender for the country’s fourth operator licence, to be awarded in 2016. Companies will apply to join a local consortium of 11 local […]