The Mandalay Region Chamber of Commerce and Industry’s effort to help foreign investors link up with local companies for possible cooperation is generating many enquiries, said U Okkar Kyaw, the group’s secretary. Many of the inquiries to the project, which was initiated at the end of January, concerned investment cooperation, he said. The chamber also […]
Asia powerhouses unite as Ayala invests in Myanmar conglomerate
November 19, 2019 by
MANILA/YANGON — Philippine conglomerate Ayala will invest $238 million in two Myanmar-focused companies led by tycoon Serge Pun, a deal that links a pair of Southeast Asian corporate powerhouses in a country struggling to draw much-needed foreign investment. Ayala will take a 20% stake in both Singapore-listed Yoma Strategic Holdings and First Myanmar Investment, which […]
YCDC to introduce kiosks near bus stops
September 4, 2019 by
The Yangon City Development Committee (YCDC) is planning to install 5×5-foot food kiosks near bus stops in Yangon, said Yangon mayor U Maung Maung Soe at a press conference held in City Hall last week. “This plan aims to promote more civil society organisations and encourage corporate social responsibility. But we won’t allow the vendors […]
Reset capital market, allow foreign competition to unleash growth: leaders
January 8, 2019 by
Foreign investor interest in Myanmar appears to be waning at a time when the global economy is losing momentum, if recent data is anything go by. As such, a hard reset of the local capital market is needed to ensure the business environment remains friendly to existing firms and entrepreneurs, as their survival and growth […]
Myanmar is new frontier for Japanese condo developer
June 5, 2018 by
YANGON — Japanese housing developer Tama Home will establish a condominium joint venture in Myanmar in a bid to attract rising ranks of higher-income buyers. Tama Home and local partner Kakehashi Real Estate Group will set up the new company, which will serve as the lead contractor on projects. Construction has started on a 541-sq.-meter […]
German ambassador lauds vocational training centre
February 16, 2018 by
The German ambassador spoke of the value of vocational training at the inauguration ceremony of the No. 1 Industrial Training Center (Sinde) held in Pyay on February 8. The project is co-funded by the German government and the Myanmar government. Mrs. Dorothee Jantzke-Wenzel, German Ambassador to Myanmar, had the following to say at the event: […]
Mandalay approves investments exceeding K1.4 billion
January 25, 2018 by
The Mandalay Region Investment Committee has approved over K1.4 billion in investments since the Myanmar Investment Law was approved in October 2016, U Thike Htoon, assistant director at the Directorate of Investment and Company Administration (DICA), said on Monday. The investments were approved for the first time after the Myanmar Investment Commission (MIC) established Region […]
Department of Civil Aviation: Invitation to Expression of Interest (EOI) for Muse Airfield. Closing Date : 15 Dec 2017
November 23, 2017 by
The Department of Civil Aviation, Ministry of Transport and Communications, invites the interested local companies with foreign firms forming the consortium to submit Expression of Interest (EOI) for the Muse Airfield which will be implemented by PPP scheme for the construction, financing and operations of the airport. The EOI document in the English language may […]
60 pc of investments in Thilawa SEZ target local market
October 24, 2017 by
There are 85 local and foreign investments in Thilawa Special Economic Zone Project, with most of them targetting the local market. Sixty per cent (51 businesses) of the total investments target the local market, 29 per cent (25 businesses) traget the export market, and nine per cent service the distribution sector, according to Thilawa SEZ […]
