Posco Daewoo Corp., the energy development unit of South Korean steelmaker Posco, will develop new subsea wells for stable gas production near its offshore production base in the A-3 block in Myanmar with an investment of $94.2 million. Drilling of three new wells will start in the first quarter of 2020, the company announced Monday. […]
Tour operators barely surviving due to “incredibly shaky” demand
September 10, 2018 by
Small tour operators are on the verge of collapse as market demand in the tourism sector took a hit among Western visitors, as bookings for the impending peak season are “incredibly shaky”, according to a local company. In addition, hopes on wooing Asian investors were dashed by the now-abandoned “$1,000 in cash per tourist” entry […]
Lacoste makes Myanmar debut with Yangon Airport store
September 5, 2016 by
Lacoste has entered the Myanmar travel retail market with the opening of a store at Yangon Airport. The 100sq m store, located in the airport’s new Terminal 2, features Lacoste’s latest concept design. The brand said the store aims to offer a premium shopping experience to local and international travellers. Lacoste Asia Pacific Travel Retail […]
Metro Mining Ltd to acquire Mahar San Copper/VMS Project in Myanmar
June 20, 2016 by
Metro Mining Ltd’s (ASX:MMI) main focus remains its bauxite assets, with the company now adding some additional exploration interests. Metro has entered into an agreement to acquire an 80% stake in the Mahar San Copper/VMS Project in Myanmar. The project is highly prospective for copper, gold and base metal mineralization in Volcanic Massive Sulphide (VMS) […]
Myanmar company with over 100 hectares of agricultural and plantation land looking for JV Partner
May 17, 2016 by
Our client a Myanmar company owns over 100 hectares of agriculture and plantation land in Myanmar. Currently our client is only utilizing 20% of the land that they own for producing fruits and vegetables as they are only supplying to the domestic Myanmar market. The client is also doing food processing and canning and the […]
Myanmar no longer the “sick man” of ASEAN – the honour now goes to…’
March 9, 2016 by
A sideshow that went unnoticed during the recent United States-Asean summit in southern California was Thailand’s standing in the pecking order of leaders on both sides of the Pacific. In years past, Myanmar – formerly Burma – was the sick member of Asean when the 10-member grouping held top-level meetings with American and European counterparts. […]
Chevrolet Launches Colorado High Country for Wealthy Yangon Urbanites
February 10, 2016 by
Chevrolet, a division of American automaker General Motors, has launched its new Colorado High Country model in Myanmar to cater to the premium segment of a largely urban target market in the country. Chevrolet said the Colorado is one of its “most important product in Myanmar”, and High Country is designed to help grow Chevrolet’s […]
Govt Denies Report of Helicopter Maker’s Yangon Factory Plans
December 5, 2013 by
YANGON — Myanmar’s Department of Civil Aviation says there are no plans to allow a foreign helicopter company to open manufacturing operations in Yangon, refuting a recent report by the local Yangon Times daily. On Monday, the Yangon Times reported that US-based Robinson Helicopter Company was planning to open a factory in either Thanlyin or […]
