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China’s CNPC breaks into Myanmar fuel retailing with Singapore brand

SINGAPORE/YANGON (Reuters) – China National Petroleum Corp is planning to open dozens of petrol stations in Myanmar, the first major foreign investor to enter the fast-growing Southeast Asian fuel market, as the state giant expands its retail oil business, company officials said. The investment, which could eventually reach tens of millions of dollars, follows a […]

Agencies set to send factory workers to Singapore again

Some of Myanmar overseas employment agencies have started preparing to send workers to electronics factories in Singapore, without charging agency fees, weeks after the government lifted a ban on sending workers to the island-state. An executive of the Hnin Oo Wai Overseas Employment Agency said that the company is negotiating with a Singapore electronics factory […]

MIC approves US$290 mln port, container yard development project last Friday

The Myanmar Investment Commission (MIC) recently gave the green light to one project for the development, operation and maintenance of the Ahlon International Port Terminal and container yard on a build, operate and transfer basis, with an estimated initial capital investment of US$ 290.124 million, according to the MIC. The project is a wholly foreign […]

Quenching Myanmar’s Thirst for Craft Beer

On a hot summer morning at a riverside plot in Yangon’s North Dagon, a small team of brewers carry sacks of grain imported from Germany on their shoulders to a small mill. There’s a brewer using a wooden paddle to stir the grain in the mashing tank. It’s steamy and smelly and there are pressure […]

ADB Forecasts Myanmar’s Economy to Resume Growth This Year

YANGON — The Asian Development Bank (ADB) expects Myanmar’s economy to resume growth this year and continue to expand in the next thanks to more foreign investment and a positive response to the government’s economic and policy reforms. The Asian Development Outlook 2019 forecasts Myanmar’s economy to grow by 6.6 percent in 2019 and by […]

Buyers in Singapore snap up US$6 million worth of Myanmar property

Myanmar citizens based in Singapore snapped up US$6 million worth of apartments and condominium units in Yangon at a two-day real estate fair held in the city state earlier this month. Hosted by iMyanmarHouse.com, Myanmar’s largest online property portal, the expo has been held at least once a year in Singapore since 2015 and targets […]

Beating self-doubt and gender bias

Ma Sandy Aung left a promising career in marketing in Singapore, where she had graduated from university, and braved the disapproval of her family to start her own firm, Forte Global, in Yangon five years ago. “Our aim is to help people working in organisations think, learn and do things differently, and as a result, […]

Singapore leads FDI list

Singapore has topped the list of foreign investments with over 20 billion USD, which accounts for more than 26 per cent of the total foreign investment, according to Directorate of Investment and Company Administration (DICA). From 1988-89 to 2018-19 fiscal year, the total foreign investment hit nearly 79 billion USD. Since taking office in 1988, […]

Yangon sets sights on smart-city goal

As the world advance, Yangon city has to become a smart city and also be made more liveable, said Yangon Region Chief Minister U Phyo Min Thein during the 10th anniversary of Barcamp Yangon held recently. BarCamp is an international network of user-generated conferences primarily focused around technology and the web. The Yangon Region government […]

Long-term investment is the key, according to Ascent Capital founder

Myanmar is an emerging market and long-term play for investors seeking to come in. In the following interview, Mizzima talked with Mr Lim Chong Chong, Ascent Capital Partners Founder and Managing Partner about the launch of a Myanmar-focused private equity fund – Ascent Myanmar Growth Fund – and the prospect for the economy and investors. […]