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Posco Daewoo to invest $94.2 mn for gas well development in Myanmar

Posco Daewoo Corp., the energy development unit of South Korean steelmaker Posco, will develop new subsea wells for stable gas production near its offshore production base in the A-3 block in Myanmar with an investment of $94.2 million. Drilling of three new wells will start in the first quarter of 2020, the company announced Monday. […]

Tour operators barely surviving due to “incredibly shaky” demand

Small tour operators are on the verge of collapse as market demand in the tourism sector took a hit among Western visitors, as bookings for the impending peak season are “incredibly shaky”, according to a local company. In addition, hopes on wooing Asian investors were dashed by the now-abandoned “$1,000 in cash per tourist” entry […]

Dealers Face Shortages of Toyota Alphards, Myanmar’s Most Popular Used-Car

The Toyota Alphard has become the highest selling used-car in Myanmar say industry experts, with the Japanese made car selling so well in fact, car dealers are struggling to keep up with demand. Even though dozens of car manufacturers from North America and Eu­rope have opened up dealerships in Myanmar in recent years, Toyota is […]

Canada-Based AGT Foods Begins Myanmar ‘Test Run’ Importing and Exporting Pulses and Rice

​​ One of the world’s largest beans and pulses traders has begun a “test run” in Myanmar after opening a representative office in Yangon in October. Canada-based AGT Foods and Ingredients has set up a small team to source beans and rice for export, and to find buy­ers inside Myanmar for imports, the company’s chairman […]

Lacoste makes Myanmar debut with Yangon Airport store

Lacoste has entered the Myanmar travel retail market with the opening of a store at Yangon Airport. The 100sq m store, located in the airport’s new Terminal 2, features Lacoste’s latest concept design. The brand said the store aims to offer a premium shopping experience to local and international travellers. Lacoste Asia Pacific Travel Retail […]

Metro Mining Ltd to acquire Mahar San Copper/VMS Project in Myanmar

Metro Mining Ltd’s (ASX:MMI) main focus remains its bauxite assets, with the company now adding some additional exploration interests. Metro has entered into an agreement to acquire an 80% stake in the Mahar San Copper/VMS Project in Myanmar. The project is highly prospective for copper, gold and base metal mineralization in Volcanic Massive Sulphide (VMS) […]

Myanmar company with over 100 hectares of agricultural and plantation land looking for JV Partner

Our client a Myanmar company owns over 100 hectares of agriculture and plantation land in Myanmar. Currently our client is only utilizing 20% of the land that they own for producing fruits and vegetables as they are only supplying to the domestic Myanmar market. The client is also doing food processing and canning and the […]

Myanmar no longer the “sick man” of ASEAN – the honour now goes to…’

A sideshow that went unnoticed during the recent United States-Asean summit in southern California was Thailand’s standing in the pecking order of leaders on both sides of the Pacific. In years past, Myanmar – formerly Burma – was the sick member of Asean when the 10-member grouping held top-level meetings with American and European counterparts. […]

Chevrolet Launches Colorado High Country for Wealthy Yangon Urbanites

Chevrolet, a division of American automaker General Motors, has launched its new Colorado High Country model in Myanmar to cater to the premium segment of a largely urban target market in the country. Chevrolet said the Colorado is one of its “most important product in Myanmar”, and High Country is designed to help grow Chevrolet’s […]

Govt Denies Report of Helicopter Maker’s Yangon Factory Plans

YANGON — Myanmar’s Department of Civil Aviation says there are no plans to allow a foreign helicopter company to open manufacturing operations in Yangon, refuting a recent report by the local Yangon Times daily. On Monday, the Yangon Times reported that US-based Robinson Helicopter Company was planning to open a factory in either Thanlyin or […]