The Myanmar Investment Commission (MIC) on July 31 approved the US$230.6 million Hlegu Industrial Park, which will be developed by Singapore’s Sembcorp Industries. The project, set to cover some 436 hectares in Hlegu township, Yangon, was signed between Sembcorp CSSD Myanmar Co and local partners Phatama Group Co Ltd and Myanmar Agribusiness Public Corp (MAPCO) […]
Work on US$230 million industrial park in Hlegu expected to start in March
January 7, 2020 by
Work on the US$230 million (K338.7 billion) Singapore-Myanmar Hlegu Industrial Park project is set to begin in March 2020, one of the investors in the project has announced. The agreement for the project, set to cover some 598 hectares in Hlegu township, Yangon, was signed between Sembcrop CSSD Myanmar Co, the local arm of Singaporean […]
Myanmar Steps up Its Bioenergy Production With Fujita Rice-Powered Plant.
November 17, 2017 by
Myanmar is to dramatically scale up its bio-energy ambitions with the building of a power plant in its Ayeyawaddy region fuelled by rice husks that will generate more than 12 million kilowatts annually. The building of the plant, which will use more than 18,000 tonnes of rice husks and operate round the clock for eleven months, […]
Crop insurance, land reform and investment are essential to Myanmar’s agricultural sector
August 16, 2017 by
Q: What is the state of the rice industry in Myanmar? A: The government relaxed its control of the rice industry in 2003. Since FY2012-2013, rice export volume has exceeded one million tons per year. Q: Rice from Myanmar does not meet international standards and fails to sell for good prices in the international market. […]
To attract investments, assessment on economy must submit to MIC
August 1, 2017 by
To develop Myanmar’s agriculture and to attract investments, assessment on businesses and investment must be carried out with the result submitted to Myanmar Investment Commission (MIC), according to Myanmar Rice Federation. The tripartite agreement of CITIC Construction Group from China, Myanmar Rice Federation and Myanmar Agribusiness Public Cooperation (MAPCO) was signed on July 21st. The […]
Mechanism for Foreigners to Trade in YSX Under Way
July 27, 2017 by
A mechanism for foreign investors and organisations to take part in the Yangon Stock Exchange is under development, according to Myanmar Securities Exchange Centre (MSEC). Daily stock trading in Myanmar has declined significantly and the market is sluggish. In order to revive the trading activities, a system to include non-Myanmar investors from various sectors must […]
Three 100-Ton Bran Oil Plants to Be Built in Myaungmya, Kyaiklat and Yangon
May 20, 2017 by
Three 100-ton bran oil plants will be built in Myaungmya, Kyaiklat and Yangon this financial year, Ye Min Aung, the managing director of Myanmar Agribusiness Public Corporation, said. “In the 2017-2018 fiscal year, three 100-ton bran oil plants will be built in Myaungmya and Kyaiklat from Ayeyawady Region and Twantay from Yangon Region. The investment […]
Myanmar opens first biomass power plant
April 3, 2017 by
Myanmar has utilised Japanese know-how to open its first biomass gasification power plant in its capital city Nay Pyi Taw. The rice husk gasification power plant was developed over five months by a Japanese consortium led by Yanmar Co. The group also includes Chiyoda & Public Works Co, Chiyoda System Technologies Corp and Kanso Co. […]
Myanmar Companies Act sent to parliament
January 12, 2017 by
The Myanmar Companies Act – a pivotal piece of legislation that will reform how companies are regulated and allow foreign investors onto the Yangon Stock Exchange – was submitted to the Pyithu Hluttaw at the start this month, according to Directorate of Investment and Company Administration Director General U Aung Naing Oo. The new act […]
