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Japan’s Suzue expanding Yangon warehouse fivefold

BANGKOK, NNA – Japanese logistics firm Suzue Corp. is increasing the size of its warehouse in Yangon by five times to meet growing transport demand in Southeast Asia’s emerging economy. KMA-Suzue Logistics Myanmar Ltd., its joint venture with local container shipping firm KMA Shipping Co., will ramp up a total floor space of its container […]

MFVP pushes opening of more fruit export channels

The Myanmar Fruit, Flower, and Vegetable Producers and Exporters Association (MFVP) suggested three measures to expand the watermelon market and control market prices at the 22nd regular meeting of Vice President 1 and entrepreneurs. The suggestions were put forward by MFVP vice president U Myint Sein at the meeting held recently at the UMFCCI office. […]

Local company to invest in tourism, logistics in Kayah State’s Hoyar area

A local company has submitted a proposal to the state government to provide tourism and logistic services in Hoyar area after the Kayah State Investment Forum was held, according to the Kayah State Minister of Natural Resources and Environment U T Yal. Sut Pai Company and government departments are conducting field surveys in the proposed […]

Singapore Myanmar Investco in share sale agreement to dispose unit for US$10.8m

MAINBOARD-listed Singapore Myanmar Investco (SMI) on Monday announced that its subsidiary, Myanmar Infrastructure Group (MIG), has entered into a US$10.8 million share sale agreement with Tiger Infrastructure for the proposed disposal of its 99.9 per cent-owned indirect subsidiary, TPR Myanmar. TPR, which was incorporated in Myanmar in 2014, is a subsidiary of MIG, and the […]

Invitation to submit Proposals for construction of warehouse, and dry ports at Yangon Ports to be submitted to MIC

Subscribe to our tender alert mailing list In at meeting between the public sector led by Vice President U Myint Swe and the private sector  held on 15th June at UMFCCI. It was announced that companies who wish to construct bonded warehouses and dry ports at Yangon ports can now submit proposals to Myanmar Investment […]

Economic opportunities in Rakhine State

Rakhine State is rich in natural resources. It has many rivers, lakes, ponds and is connected to the ocean. Good ports exist and as improvement to road links are being made, trade, local and foreign investments are increasing. The government is emphasizing on investment and trade in order to increase production in agriculture products as […]

SMI, Senko’s Myanmar JV Eyes Logistics and Warehousing Services

Singapore-listed Singapore Myanmar Investco Limited (SMI) has entered into a joint venture agreement with Japanese logistics group Senko Co Ltd to provide logistics and warehousing services in Myanmar. The firms will incorporate and operate a Singapore company, SMI-SENKO Logistics Pte Ltd, for this purpose, SMI said in a Singapore Stock Exchange (SGX) filing. According to […]

Department of Rural Development invites open tender for the procurement of motorcycles; Closing Date: Oct 26th, 2015

Subscribe to our tender alert mailing list SPECIFIC PROCUREMENT NOTICE (PROCUREMENT OF GOODS / WORKS) REPUBLIC OF THE UNION OF MYANMAR NATIONAL COMMUNITY DRIVEN DEVELOPMENT PROJECT- NCDDP Loan No./Credit No./ Grant No.:H-814MM Contract Title: MOTORCYCLES 105cc (LOW CLEARANCE) Reference No. : ICB G 17 (a) The Republic of the Union of Myanmar has received financing […]

Banks need incentive to take grain instead of gold

Two domestic banks have agreed to offer loans backed by commodities, allowing farmers to pledge items like beans and pulses as collateral for access to competitively priced financing for the first time. However, the appeal of warehouse receipt financing may be limited, as capped interest rates mean the lenders have little incentive to take on […]

Damco Launches First Container Freight Station in Myanmar

Third-party logistics provider Damco has started operating the first international warehouse and Container Freight Station (CFS) facility in Myanmar, the Netherlands-based company said. This brand-new 4,000 square metre facility is C-TPAT compliant and located within 15 kilometres from Yangon Port and major industrial locations, Damco said. The facility is suitable for import and export activities […]