According to StanChart, Myanmar’s economy is expected to grow by 6.4 per cent in 2013
SINGAPORE: Myanmar’s recent political and economic reforms have made it a popular destination for Singapore businesses looking to venture overseas. More…
Last month, Japan won a contract to develop Thilawa, one of the three pioneer special economic zones in Myanmar
THILAWA SPECIAL ECONOMIC ZONE, Myanmar—Taro Aso, a week after becoming Japan’s new finance minister, put aside pressing domestic issues for a trip to Myanmar to cement Tokyo’s role in the largely untapped market, part of an effort to diversify from Japan’s exposure to China. More…
Reposted from Eleven Myanmar
The Republic of Union of Myanmar Federation of Chambers of Commerce and Industry will organize the ‘US-Myanmar Trade and Investment Relations: The Path Forward’ on February 25, according to the statement of RUMFCCI.
The event will be held on February 25 and will be attended by the members of Washington D.C. based The United States Chamber of Commerce (USCC), and representatives from some well-known business companies such as Asia Global Xpress, Cargill, Chevron, eBay, EMC, Conocophilips, Gibson Dunn & Crutcherlip and Honeywell. More…
Coca-Cola billboard in Yangon
Reposted from Eleven Myanmar
The Myanmar Investment Commission (MIC) on December 28 gave Coca-Cola Company permission to construct a factory in the country.
The American multinational beverage corporation will operate its business under the registered name Cola Pinya Beverages Myanmar Ltd as a joint venture with the local Pinya Manufacturing Co Ltd.
MIC has permitted the company to manufacture non-alcoholic beverages and purified drinking water. More…
Japan will eventually forgive more than half of its Y502 billion ($6 billion) in claims on Myanmar
NAYPYIDAW, Myanmar–Japan will this month start waiving some of its debt claims on Myanmar and confirmed it will extend Y50 billion of new loans to the long-isolated Southeast Asian nation, Japan’s finance minister, Taro Aso, said Thursday. More…
Reposted from Eleven Myanmar
Yangon will hold the first food expo of Myanmar, named “Int’l Food and Machinery Expo 2013” in coming January 24 to 27.
Top 30 local companies and those 165 international companies under Japan Food Manufacturing and Machinery Association (FOOMA) will display both famous traditional foods and a variety of international ones during the expo. More…
Due to an increase in number of electric power users the demand has hit 1,890 megawatts
Myanmar will install its first ever 500-Kilovolt (KV) power grid, which extends as 420 kilometers, in early 2013 in a bid to reduce power loss in the country, official media reported Sunday. More…
Yangon, Myanmar
At midnight on the roof terrace of The Street Bar & Restaurant in central Yangon, a DJ mixes rhythmic Myanmar rap with western club vibes. The fashionably-dressed clientele, local and foreign, lounge on sofas, sipping exotic cocktails.
The buzz at this popular new hangout reflects remarkable changes in the city’s atmosphere since President Thein Sein took office early last year, ushering in new freedoms alongside economic reforms. Before then, this area, like many parts of the former capital, was deserted by 9pm.
More significant are changes embodied by The Street’s five young owners, all locals in their 20s, who pooled their savings to start the business. After graduating in business management in Singapore, the five returned to Yangon to establish companies ranging from consumer goods distribution to IT services. [...] – Please visit the Financial Times’ website for the full article.
Photo credit: http://www.picsfrom.com
Reposted from The Star
MYANMAR, the last bastion of green field investment in Asean, is heeding the call of development and the global investing community is all excited.
Big boys from everywhere are jostling to be a part of this unfolding growth story, wielding huge shiny blank cheques as large as their gleeful capitalist grins. More…
