Six-company foreign consortium wins bid for implementing Kyaukphyu SEZ in Myanmar

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Myanmar authorities announced Wednesday that a consortium of six foreign group companies, led by China’s CITIC, has won the bid for implementing two projects of the country’s newly planned special economic zone (SEZ) in Kyaukphyu, western Rakhine state. […]

For foreign lenders, Myanmar is no zero-sum game

SINGAPORE – A Foreign bank setting up a branch in Yangon must take its first step together with eight other lenders, all eager to tap a country that has been in isolation for more than 50 years. But international lenders noted that co-operation, not direct competition, will serve the greater good for now. “Competition among […]

Hong Kong third-biggest investor in Myanmar

Mainland China is the biggest investor in Myanmar, with US$14.19 billion of cumulative investments, while Hong Kong ranks third with US$6.39 billion, PricewaterhouseCoopers revealed yesterday. Thailand was the second-biggest investor in its southeast Asian neighbour, with a cumulative investment of US$9.98 billion, said Jasmine Aung, Myanmar director at PwC. The Myanmese government was preparing to […]