Myanmar braces for 30% drop in foreign investment

Foreign investment in Myanmar appears poised to plunge roughly 30% for the year ending March 31 amid the absence of new oil and gas projects, highlighting the need for the government to lure other industries with deregulation and firm economic policy plans. Myanmar received about $6 billion in foreign direct investment during the 11 months […]

New Myanmar telecom plans 5,000 base stations by 2018 debut

Myanmar’s new cellphone carrier will install a network of 5,000 base stations before it commences service in early 2018, the company’s chief external relations officer has told The Nikkei. Zaw Min Oo said Myanmar National Tele & Communications will introduce fourth-generation service as it pursues established carriers such as state-owned Myanma Posts and Telecommunications, or […]

Japan carmaker Suzuki to build second plant in Myanmar

Tokyo (AFP) – Japanese automaker Suzuki plans to invest tens of millions of dollars to build a second plant in Myanmar, seeking to make quick inroads in the country’s growing market, a report said Saturday. The small-car maker has already secured a roughly 20-hectare (50-acre) plot at the Thilawa special economic zone southeast of Yangon […]

Dawei Economic Zone ‘Lacks Clarity’ as Another Thai Firm Claims Deal

A little-known private company based in Bangkok is the latest to lay claim to becoming the major electricity provider for the Dawei Special Economic Zone—a project to build a regional economic hub in southern Myanmar that has generated much talk, but little action. Andaman Power & Utility Company Limited says it has been chosen by […]

ANA to acquire 49pc of Asian Wings

Japan’s All Nippon Airways (ANA) has announced it will acquire a 49 percent stake in a Myanmar airline, the latest foray into the rapidly-opening and potentially lucrative Southeast Asian market. Foreign firms have piled into Myanmar since the installation of a nominally civilian government in 2011, eager to make the most of opportunities in a […]

Korea’s Incheon International Airport Corp wins Myanmar airport project

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Incheon International Airport Corp leads a group picked as the preferred bidder on Myanmar’s new US$1.1 billion (34 billion baht) air hub, the latest in a series of global deals as the Southeast Asian nation opens itself after […]