American insurance broking and risk management firm Marsh has opened its Yangon representative office in Myanmar. The Marsh Singapore Yangon Representative Office will conduct market research and feasibility studies for insurance broking business in Myanmar, and provide business support and liaison activities on behalf of Marsh Singapore’s businesses, the company said. Marsh Singapore is a […]
US commerce head touts stronger ties
June 9, 2014 by
US secretary of Commerce Penny Pritzker oversaw the opening of a commercial services office in Yangon on June 6 as the US looks to strengthen economic ties with Myanmar after decades of severely limited engagement hampered by strict sanctions. The commercial services office will operate out of the US Embassy in Yangon and will serve […]
US to open foreign trade service branch in Myanmar’s Yangon
June 9, 2014 by
YANGON, June 6 (Xinhua) — The United States will open a foreign trade service branch in Myanmar’s Yangon in a bid to boost trade ties with the Southeast Asian nation, according to state media Friday. It was touched upon when Myanmar President U Thein Sein met with visiting U.S. Commerce Secretary Penny Pritzker in Nay […]
Myanmar Airways to expand fleet with General Electric
February 17, 2014 by
The state-owned Myanmar Airways plans to expand their fleet and services by leasing ten new Boeing aircraft from GE Capital Aviation Services (GECAS). GECAS is part of U.S.-based conglomerate General Electric that signed a lease contract with Myanmar’s national carrier in Singapore on February 11. “We are pleased that General Electric will work with Myanmar […]
US Firm APR Energy Clinches Myanmar Power Contract
February 17, 2014 by
US-based APR Energy has landed a contract to build a “fast-track” 100-megawatt power plant in upper Myanmar, becoming the first American company to sign a power generation agreement with the government since the lifting of sanctions in 2013. The facility will provide the Myanmar Electric Power Enterprise (MEPE) with a “guaranteed minimum of 82 megawatts […]
U.S. Company to Develop 100-MW Gas-Fired Power Plant in Myanmar
February 14, 2014 by
APR Energy PLC has won a contract to build a 100-megawatt power plant in Myanmar, becoming the latest American company to join a small contingent that is plugging into Myanmar’s potentially lucrative energy sector. “This is a substantial investment,” said Clive Turton, APR Energy’s head of business development across Asia Pacific, declining to specify how […]
Myanma Airways to Lease 10 Boeing Jets With Expansion in Mind
February 13, 2014 by
YANGON — Myanmar’s national flag carrier Myanma Airways has inked a deal with General Electric Capital Aviation Services (GECAS) to lease 10 commercial aircraft, and has enlisted GECAS’s AviaSolutions consulting arm to create and implement a strategic growth plan for the airline. The subsidiary of the US conglomerate General Electric signed a contract with Myanmar […]
