SITTWE—A public company comprised of 11 Myanmar businessmen has been established for the Kyaukphyu Special Economic Zone (SEZ) project, according to local reports.
Mya Han, also chairperson of the Fortune International Company in Myanmar, will be acting as chair of the newly formed public company.
Monday, 17 March 2014
BLP launches Myanmar partnership and Asia network
Berwin Leighton Paisner (BLP) has become the latest firm to move into Myanmar through a tie-up with local firm Legal Network Consultants (LNC).
The Yangon-based firm is headed by Khin Mar Aye and the relationship is part of BLP’s newly-launched Asia network, which it will use to join up with other local firms across the region.
The Yangon-based firm is headed by Khin Mar Aye and the relationship is part of BLP’s newly-launched Asia network, which it will use to join up with other local firms across the region.
ADB urges central gov’t to confirm loans for Green City project
MANDALAY—As implementation of the Green City project is expected soon and the project will take eight years to complete, the central government needs to confirm the loans provided by the Asian Development Bank (ADB) for the project, according to advisers from the bank.
Eric Fonda from the ADB said the bank wants to know which organisation will confirm the loans that will be used for the project.
He suggested that the Mandalay regional government submit the issue to the central government and the Union Parliament to confirm the loan.
Eric Fonda from the ADB said the bank wants to know which organisation will confirm the loans that will be used for the project.
He suggested that the Mandalay regional government submit the issue to the central government and the Union Parliament to confirm the loan.
Department urges more border trade with Myanmar
The Foreign Trade Department of the Commerce Ministry suggests that the Thai private sector expand border trade and increase investment in Myanmar to prepare for Asean Economic Community, which takes effect next year.
Bangjongjit Angsusingh, deputy director-general of the department, said its officials visited Tak province to provide information on trade and investment opportunities in neighbouring countries to local business operators given Thailand's geographical advantages. Tak and surrounding areas are located in the East-West Economic Corridor under the Greater Mekong Subregion Economic Cooperation programme.
Bangjongjit Angsusingh, deputy director-general of the department, said its officials visited Tak province to provide information on trade and investment opportunities in neighbouring countries to local business operators given Thailand's geographical advantages. Tak and surrounding areas are located in the East-West Economic Corridor under the Greater Mekong Subregion Economic Cooperation programme.
Kyaukphyu-Ruili Corridor construction to begin soon, summit told
A study of the Kyuakphu-Ruile Corridor project linking Myanmar and China is now complete, so construction will begin soon, delegates to the Myanmar Construction Summit were told on Wednesday (March 12).
“This summit is begin held to attract foreign investors to the transportation sector, including ASEAN and Asian highway systems. This also includes ‘friendship roads’ and bridge projects with Thailand and Laos,” Kyaw Kaung Cho, executive engineer for public works under the construction ministry, told the summit.
“This summit is begin held to attract foreign investors to the transportation sector, including ASEAN and Asian highway systems. This also includes ‘friendship roads’ and bridge projects with Thailand and Laos,” Kyaw Kaung Cho, executive engineer for public works under the construction ministry, told the summit.
Agriculture: Burma must ease export laws to encourage FDI
In an effort to restore Burma as a top world rice exporter, critics of the government have advocated for improving and revising current rice policies and export regulations.
The Myanmar Rice Federation (MRF) has claimed that unless the government encourages foreign investors to invest in the rice industry, the country’s hopes of ensuring domestic production and surplus for exporting are unlikely to come to fruition.
The MRF might therefore have contradictory feelings toward the recent news that a Singapore company will invest in Burma’s agriculture and logistics industries – two industries that could presumably facilitate the growth of rice business and exports.
The Myanmar Rice Federation (MRF) has claimed that unless the government encourages foreign investors to invest in the rice industry, the country’s hopes of ensuring domestic production and surplus for exporting are unlikely to come to fruition.
The MRF might therefore have contradictory feelings toward the recent news that a Singapore company will invest in Burma’s agriculture and logistics industries – two industries that could presumably facilitate the growth of rice business and exports.
Friday, 14 March 2014
Thursday, 13 March 2014
Italcementi eyes Myanmar investment
Italian cement major Italcementi is studying the possibility of entering the Myanmar market in the the next few years, its chief executive has said in a recent interview.
Speaking to The Nation about Italcementi's growth potential in the Asean region, Carlo Pesenti said: "We are negotiating with a local partner in Myanmar and also studying the country's Foreign Investment [Law]," he said.
Speaking to The Nation about Italcementi's growth potential in the Asean region, Carlo Pesenti said: "We are negotiating with a local partner in Myanmar and also studying the country's Foreign Investment [Law]," he said.
Singapore-Listed Yoma Expands Into Coffee in Burma
SINGAPORE — Singapore-listed Yoma Strategic Holdings Ltd plans to set up what it says could become the biggest coffee plantation in Burma, hoping the frontier economy has the potential to develop a strong coffee industry.
The Burma-focused property conglomerate, led by chairman Serge Pun, said on Tuesday it has signed a deal to set up a joint venture to establish a coffee business with ED&F Man, a global agricultural trader.
Yoma will hold an 85 percent stake in the venture, which is expected to require up to US$20 million of investment over four years. Its target will be to plant 3,700 acres of coffee.
The Burma-focused property conglomerate, led by chairman Serge Pun, said on Tuesday it has signed a deal to set up a joint venture to establish a coffee business with ED&F Man, a global agricultural trader.
Yoma will hold an 85 percent stake in the venture, which is expected to require up to US$20 million of investment over four years. Its target will be to plant 3,700 acres of coffee.
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