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 […]

MAPCO’s power plant and rice mills open in Ayeyawady

Mapco Golden Lace’s project in Ayeyawady. A 2.2-megawatt power plant and two rice mills opened in Kyaiklatt Township, Ayeyawady Region, on May 15. The Myanmar Agribusiness Public Corporation (Mapco) and six shareholders under the Golden Lace Company jointly operate the firms with a 55:45 ownership ratio. The Mapco Golden Lace has gained licences from the […]

Construction of high-quality rice mills completed

In a bid to produce quality rice, high-quality rice mills were constructed in Kyaiklat, Ayeyawady Region and are now complete, said an official from Myanmar Agribusiness Public Corporation (MAPCO). The country’s top rice milling businesses will now be all in the same place, with this project’s Phase-1 slated to open in March. These mills are […]

MAPCO, Behn Meyer & Mitsui signed Foreign fertiliser factory deal

Japan-based Mitsui says it will invest 1.2 billion yen (US$10.50 million) to build a fertiliser plant in Thilawa Special Economic Zone in cooperation with Singapore’s Behn Meyer and the Myanmar Agribusiness Public Corporation (MAPCO). Mitsui & Co Ltd entered into an agreement with Behn Meyer to form a joint-venture company, BMM Venture, registered in Singapore. […]

Myanmar Unprepared for Stock Market: Economist

Trading of stocks at the Yangon Stock Exchange (YSX) is expected to begin in March, giving Myanmar people another option to invest their money. Currently, people invest in the property market or the currency market, however, they are less likely to move their investments into the new stock market, a local economist said. “All of […]

Companies prepare for Yangon Stock Exchange listings next year

Preparations are underway for the first companies to attempt a listing on the Yangon Stock Exchange early next year, though progress is slower than expected, as only the name of one securities company has so far been announced. The names of six companies that meet – or are close to meeting – listing criteria issued […]