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Tom n Toms plans Myanmar expansion

South Korean Cafe chain Tom n Toms has started to launch outlets in Myanmar. Tom n Toms Myanmar has opened two locations in Yangon so far, at the international airport and the Kantharyar Centre, with a third planned for Yankin Township. Information from Myanmar International Business Alliance Company operation director Aung Sithu Khant revealed a […]

Garments sector poised to boom in Pathein

The garment industry seems poised to boom in Ayeyarwady Region, with a company developing an industrial park near Pathein signing a contract with a Chinese firm that plans to build 50 garment factories within two years. The new factories would dramatically expand the town’s nascent manufacturing sector, which has for several years been attracting interest […]

Myanmar continues efforts to generate international demand for local gems

The Second Yangon International Gems and Jewelry Fair is set to take place in Yangon’s Lotte Hotel from January 9 to 13, according to the Gems and Jewellery Entrepreneurs Association The association is organising the event in the hopes of developing the gems and jewellery trade in the country, penetrating international markets, and developing cooperation […]

India hands over 50 housing units in Rakhine province to Myanmar

India has handed over 50 housing units in the Rakhine province to Myanmar on Tuesday during President Ram Nath Kovind’s maiden visit to the country. The housing units are part of a bigger developmental project, within which India is building 250 houses in Myanmar’s Rakhine province. Coinciding with President Kovind’s visit, Myanmar has also announced […]

Protests and demonstrations a key concern for extractive companies

Protests and demonstrations pose a serious security threat to the oil and gas industry as well as mining sector in Myanmar, a recent poll among industry players showed. Yangon-based Myanmar Centre for Responsible Business (MCRB) organised workshops aiming to raise awareness of the relevance of Voluntary Principles on Security and Human Rights (VPSHR) for Myanmar’s […]

Illicit imports threaten Myanmar’s e-commerce players

The commerce ministry committed to developing the country’s nascent e-commerce sector as a means to boost trade and create jobs, but the lack of infrastructure and rampant illicit trade pose a serious threat to the emerging industry. The report from the United Nations Conference on Trade and Development (UNCTAD) titled “Rapid eTrade Readiness Assessment of […]

Myanmar remains worst place in ASEAN for doing business, World Bank ranking shows

Myanmar has failed to improve its ease of doing business ranking for the third consecutive year, with the latest figures from the World Bank showing that the country remains the worst place in ASEAN to conduct business. The newly-released 2019 Doing Business rankings by the World Bank showed that Myanmar ranks 171th out of 190 […]

Myanmar to hold investment summit early next year

Myanmar will hold its first-ever investment summit in the capital city Nay Pyi Taw next year, a senior official told a press conference Tuesday. Organized by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), the “Invest Myanmar Summit-2019” will be held in January 28-29, the first collaboration summit between the government […]

Invitation for Prequalification for Hydro Power Plant Rehabilitation Project, EPGE-MOEE

The Government of the Republic of the Union of Myanmar Ministry of Electricity and Energy Electric power Generation Enterprice Hydropower Plants Rehabilitation Project Invitation for Prequalification Date: 6th November, 2018 Specific Procurement Notice Loan Agreement No. MY-P22 dated 25th April, 2017 Contract Title Hydropower Plants Rehabilitation Project IFP No. EPGE/HPR/Package3   The Government of the […]

Framework for Kyaukphyu Port to be signed next week

The Myanmar government and China-based CITIC Group will sign a framework agreement for the construction of the Kyaukphyu Deep Sea Port project in Rakhine State next week, said U Aung Htoo, deputy minister of commerce. “It was agreed that for the first phase, the deep sea port will be implemented with US$1.3 billion (K2.4 trillion) […]