State gets US$20 Million in Profit in Eight Months From Letpadaung Copper Mine

​​ The Union Ministry of Natural Resources and Environment Conservation Minister Ohn Win said that the profit received by the State within eight months from Letpadaung copper mine which is owned and jointly operated by Myanmar Economic Holdings Ltd (MEHL). and China’s Wanbao Company was about US$ 20 million. “The State’s share of 23,266.504 metric […]

Myanmar awards fourth telecoms license as mobile market heats up

Subscribe to our tender alert mailing list Myanmar on Thursday awarded its fourth – and final – telecoms license to a joint venture between Vietnam’s telecom company Viettel and two local firms, heating up competition in a rapidly growing market by adding a second majority-Myanmar operator. Military-run Viettel will have a 49 percent stake in […]

Myanmar Military’s Vast Conglomerate Goes Public

YANGON—Myanmar Economic Holdings Ltd., the military-run conglomerate with sprawling interests as diverse as cigarettes and construction, has become a public company and is preparing to start selling shares as it embarks on a corporatization effort, a Myanmar Investment Commission official said Friday.   Source: The Wall Street Journal

After Myanmar protests, China says companies should respect laws

China has consistently demanded its companies operating abroad respect local laws, China’s Foreign Ministry said on Monday after hundreds of villagers in Myanmar protested against the resumption of operations at a Chinese-backed copper mine. The protests have gathered momentum since last Wednesday when some people broke through police barriers protecting the mine, operated by Myanmar […]

Kirin aims to brew up a storm with MBL stake

Beer drinkers are poised to celebrate a bigger selection of quaffing options under a move by Myanmar Brewery Limited to launch at least two new products in a market thirsty for choice. Japan’s Kirin Holdings, which acquired a majority stake in MBL in August, is developing a yet-to-be named “domestic premium” lager and will also […]

$2.9-b Myanmar Refinery Deal Key for Guangdong Zhenrong Energy

Guangdong Zhenrong Energy Co, a major Chinese bulk commodity trader, expects the country’s “One Belt One Road” strategy to help boost its overseas investments, which in its case includes a planned massive oil refinery in Myanmar. The country’s New Silk Road Economic Belt and the 21st Century Maritime Silk Road strategies were launched in 2013 […]

Singapore’s Fraser & Neave Says in Beer Spat With Myanmar Partner

Singapore property and drinks conglomerate Fraser and Neave said on Thursday its joint venture partner, which is run by Burma’s military, plans to start arbitration proceedings over the company’s stake in Myanmar Brewery. The brewery represents only a small part of F&N’s business but losing its stake would mean being shut out of one of […]