MAPCO, CITIC Construction sets up US$500 million agriventure

23/1/2019 – Myanmar Agribusiness Public Corporation (MAPCO) in collaboration with CITIC Construction, a subsidiary of CITIC Group is investing up to US$500 million into establishing high-end rice mills and agribusiness service centers across the country. MAPCO and CITIC also have been in discussions to set up a US$100 million rice sector-focused entity – Myanmar China […]

Outgoing Government Gives Wharf Concession to Tycoon’s Shipping Firm

Burma’s Port Authority has awarded Kaung Myanmar Aung Shipping Co. Ltd. the right to develop a new area for cargo ships to dock on downtown Rangoon’s riverside, state media reports. The company is part of the sprawling KMA Group, which is headed by Burmese tycoon Khin Maung Aye, known to be close to outgoing President […]