Myanmar (Burma) News

Myanmar Investment News

Yatanapon Teleport Plc to raise $1bn capital 0

Yatanapon TeleportSource: Eleven Myanmar

Yatanapon Teleport is planing to raise a total capital of Ks 1 trillion (over US$1 billion) as it switched from a wholly state-owned enterprise to the public company, said a source close to the company.

Yatanapon Teleport is one of the two local rivals against the two foreign mobile operators in Myanmar_ Norway’s Telenor and Qatar’s Ooredoo who acquired the nationwide telecom licenses in the government tender last June. More…

Myanmar hotel investment shines 0

Chatrium Hotel, YangonSource: TTR Weekly

The era of the ASEAN Economic Community, due to begin in late 2015, will open the door for major hotel companies to invest in Myanmar.

Speaking at Thai Hotels Association monthly general meeting, Wednesday, the association president, Surapong Techaruvichit, said Myanmar is now a country that will attract enormous investment in hotels. More…

Myanmar watchers expect jump in M&As next year 0

Myanmar-1Source: The Nation

Myanmar could see a surge in mergers and acquisitions next year as foreign investors prepare to dive into the resource-rich country, a Bangkok summit heard.

“Every sector in Myanmar will grow. Some local companies are now the targets for takeovers. For 2014, there will be more than 100 M&A deals,” Alisher Ali, managing partner of Silk Road Management and founder of Silk Road Finance, said yesterday. More…

F&N breach JV agreement, Myanmar company claims 0

Myanmar Brewery's factory on the Yangon-Pyay RoadSource: Eleven Myanmar

Singapore-based Fraser and Neave Ltd (F&N) has been accused of breaching joint-venture agreement with its Myanmar partner Union of Myanmar Economic Holding Ltd (UMEHL).

Military-owned conglomerate UMEHL said F&N unilaterally sold its shares in jointly-owned Myanmar Brewery Ltd to the TCC (Chang Beer) without even informing them. More…

Myanmar signs MoU with South Korea for a 500-megawatt power plant 0

Myanmar is opening next year for the Southeast Asian Games for the first time since 1969, and then becomes Asean chairman in 2014Source: Eleven Myanmar

Myanmar has signed a memorandum of understanding (MoU) with South Korea to build a 500-megawatt power plant which will use natural gas and garbage to generate power.

The signing ceremony was held between Myanmar’s Hexa International Company and Korea Western Power jointly with Korea Electrical Manufacturers Association on September 3 at Sedona Hotel in Yangon. The power plant will be built in Thakayta Township in Yangon Region. More…

China wants another try at Myanmar dam 0

Construction of Myitsone Dam project in Kachin StateSource: The Wall Street Journal

China hopes to resume a controversial dam project that the Myanmar government suspended two years ago, but only after the country goes under new leadership in 2015.

State-owned China Power Investment Corp. hopes to restart works on the Myitsone dam project in Kachin state, in the north of Myanmar, which was suspended over environmental concerns and brought the first chill upon close economic relationswith the reforming government of President Sein Thein, which succeeded decades of military dictatorship. More…

Myanmar earns over US$ 840 million from agricultural export 0

Myanmar rice fieldSource: Eleven Myanmar

Myanmar has earned over US$ 840 million from beans and pulses export, according to the Ministry of Commerce.

Myanmar exported over 1.39 million tonnes of agricultural products worth over US$ 845.3 million from April 1 to August 23 in 2013-2014 fiscal year. More…

Myanmar’s 2015 stock exchange deadline at risk 0

Myanmar is opening next year for the Southeast Asian Games for the first time since 1969, and then becomes Asean chairman in 2014Source: Bloomberg

Myanmar is running behind schedule for starting a stock exchange by 2015 after delays in getting the legal framework in place, said an executive at Japan Exchange Group Inc., which is assisting on the project.

“We’re pressed for time,” Koichiro Miyahara, senior executive officer at Japan Exchange, said in an interview in Tokyo on Aug. 27. More…

Kick-starting entrepreneurship 0

Project Hub YangonSource: Mizzima

Go big or go home. Over the years, successful businessmen have been preaching this golden rule to young entrepreneurs who dream of making it big. Project Hub Yangon has newly launched Myanmar’s first co-working space and incubation program to cultivate six budding entrepreneurs and start-ups to make their dreams a reality. More…

Yangon to get 1,000 new hotel rooms this year 0

Foreign Investment to increase in MyanmarSource: The Nation

Yangon will have 1,000 new international-standard hotel rooms this year, still insufficient to meet growing demand in the former capital, a leading real estate firm said Tuesday.

The new rooms under construction will increase capacity by 65 percent, according to a report compiled by Jones Lang LaSalle. More…