Myanmar invites investment in mining industry Reply

Gem auction in Yangon, Myanmar

Gem auction in Yangon, Myanmar

Reposted from tuoitrenews.com
Originally published by AFP

Myanmar on Monday invited foreign firms to invest in its mining sector, in the latest step to open up its economy after decades of isolation from the West.

“For investors who would like to do exploration to confirm the reserve of a deposit or to start with the grassroots exploration operations in a virgin land, they may apply accordingly clearly stating their intentions,” Win Htein, a top official at the Ministry of Mines, told a conference in Yangon. More…

Daiwa looks to lead $380 million investment in Myanmar Reply

Myanmar Securities Exchange Centre in Yangon

Myanmar Securities Exchange Centre in Yangon

Reposted from Reuters
By Antoni Slodkowski

Daiwa Securities Group (8601.T) aims to spearhead a $380 million investment in Myanmar to build an information technology backbone for the government in partnership with major Japanese tech companies. More…

Thailand, Myanmar agree to support Dawei economic zone Reply

Reposted from Reuters

(Reuters) – Thai and Myanmar leaders on Monday offered a much-needed lift to the multi-billion dollar Dawei port and industrial zone in southern Myanmar that has been struggling to find private investors.

Thai Prime Minister Yingluck Shinawatra and Myanmar President Thein Sein told a joint news conference they had agreed to connect the strategically located Dawei Economic Zone with industrial areas along Thailand’s eastern seaboard, including the Laem Chabang deep sea port. More…

Local microfinance institute invests in new ATM network Reply

Phnom Penh, Cambodia

Phnom Penh, Cambodia

Reposted from The Phnom Penh Post
By Rann Reuy

Hattha Kaksekar Ltd, a local microfinance institution, has invested almost US$2 million in a new ATM network, the company announced yesterday.

Hattha Kaksekar now has around $32 million in deposits and will become the first financial institution to use SmartVista, an automated ATM process which also allows repayment from mobile phones, said Hout Ieng Tong, President and CEO of Hattha Kaksekar. More…

UK private equity firm cruises into Myanmar as sanctions ease 1

Bagon, Myanmar

Bagon, Myanmar

Reposted from Reuters
By Carolyn Cohn

(Reuters) – The easing of sanctions in Myanmar is encouraging western portfolio investors to start looking at the previously-restricted economy, with one London-based private equity firm planning to invest in pleasure cruisers there. More…

ADB country director heads to Myanmar Reply

Putu Kamayana, country director for the Asian Development Bank in Myanmar

Putu Kamayana, country director for the Asian Development Bank in Myanmar

Reposted from The Myanmar Times
By Stuart Allen Becker

ASIAN Development Bank country director for Cambodia Putu Kamayana will visit Myanmar to open an office for the this week.

Kamayana, a 58-year-old Indonesian who arrived in Cambodia in September, 2009 to serve as ADB country director, has spent the past 16 years working for the bank. More…

Cambodia’s GDP is revised 1

Reposted from The Phnom Penh Post
By May Kunmakara

Slumping garment exports led yesterday to an official downgrade for Cambodian’s growth outlook this year – albeit a slight one.

Minister of Economy and Finance Keat Chhon projected 6.9 per cent year-on-year gross domestic product growth for 2012, down a tenth of a percentage point from the government’s original outlook of 7 per cent. More…