Mega Lifesciences poised to profit from the network it has built up in Myanmar since 1995, a model it has since applied to other underserved emerging markets.
Tuesday, 30 April 2013
Myanmar’s economic prospects and its real potential
Author: U Myint, Chief Economic Adviser to the President of Myanmar
Myanmar’s economic potential has been vastly enhanced by the access
to foreign resources — in the form of new trading opportunities, the
inflow of foreign investment, elevated levels of bilateral and
multilateral assistance — that President U Thein Sein’s commitment to
political, social and economic reform has unleashed.
Yangon to develop housing projects in new townships
New housing projects are underway in the less-populated new townships of Yangon, according to the regional government.
Thilawa port construction to use Japan’s ODA US$205m
A port construction project in Thilawa Special Economic Zone (SEZ) will start next year using US$205 million low-interest, long term loan from Japan’s Official Development Assistance (ODA), according to Myanma Port Authority (MPA).
MAI launches maiden commercial flight to Japan
Myanmar Airways International (MAI) launched its first commercial flight to Japan on Saturday, while flight to South Korea is in the pipeline.
Norway Telecom Company to invest in Myanmar
Norway’s Telenor Group is prepared to invest in Myanmar’s telecommunication sector, Sigve Brekke, Executive Vice-President and Head of Asia operations of the group said in a conference held in April 29.
Aussino Plunges after Singapore Bourse Rejects Deal with Burma-Linked Firm
SINGAPORE — Shares of Aussino Group plunged by more than half after
the Singapore Exchange rejected its application for a S$70 million (US
$57 million) reverse takeover deal with a company linked to a Burma
tycoon who is on the US sanction list.
Former US Diplomat Arrives in Burma to Seek Business Contract
Kurt Campbell, a former top US diplomat who until recently dealt with
Burma, arrived in Naypyidaw on Friday to lobby for a huge contract to
overhaul Rangoon’s international airport, the state-run New Light of
Myanmar reports.
Maverick operator Digicel takes on the big boys in Myanmar
Monday, 29 April 2013
Myanmar Union Election Commission To Amend Electoral Laws, Bylaws
YANGON, April 27 (Bernama) -- The Union Election Commission (UEC) of
Myanmar will amend the electoral laws and bylaws in an effort to ensure
free, fair and transparent general elections in 2015, China's Xinhua
news agency said quoting official media's report on Saturday.
International shipments at Yangon port double in decade
The number of international shipments at Yangon port has doubled within one year, the highest volume in a decade, according to Myanmar Port Authority.
In the fiscal year 2012-13, a total of
2,196 shipments were called at business hub of Yangon. This amount has
doubled up if compared with 951 shipments during 2002-2003, their
reports said.
Nay Pyi Taw hotels to get ready for World Economic Forum
Hotels in the capital city of Nay Pyi Taw are preparing to fulfill accommodations for foreign guests to the World Economic Forum in July this year.
British and Chinese joint venture to build a hotel in Yangon
Myanmar Investment Commission (MIC) approved on Wednesday a new hotel construction project in Mingaladon township which will be funded by UK and Chinese companies, according to a report of the Directorate of Investment and Company Administration.
US to review Myanmar’s GSP
The US is reviewing Myanmar’s Generalized System of Preferences (GSP) benefits as the country's reforms are moving forward .
The least developing countries like
Myanmar and Lao could be designated beneficiary countries for the GSP
program, the office of the United States Trade Representative (USTR)
said on April 16.
Beans earnings fell US$134m despite increased export volume
Myanmar’s beans export earnings fell about US$134 million during the fiscal year ended last month inspite of the fact that more beans were exported, according to the Ministry of Commerce.
Myanmar earned about $1 billion as it
exported 1.48 million tonnes of beans during the previous fiscal year,
the ministry’s report said.
Bank branches to open shopping centers
Some private banks in Myanmar have opened their branches and service centers in shopping centers starting from the second week of April, according to industry sources.
The Central Bank of Myanmar has given
permission for leasing of buildings and opening bank branches at
shopping centers earlier this year.
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