Yangon

India opens Export-Import Bank office in Rangoon 0

Exim_LogoSource: The Irrawaddy

The government-backed Export-Import Bank of India (Exim Bank) on Monday opened a representative office in Rangoon with the hope of promoting trade between India and Burma.

Exim Bank said in a statement it had already extended credit totaling US$247.43 million to projects in Burma in sectors including the railways, telecommunications, power and vehicle manufacturing and assembly. More…

South Korea to construct natural gas and waste-fired power plant 0

Flag-Pins-South-Korea-MyanmarSource: Eleven Myanmar

A South Korean company plans to invest between US$500 million to US$700 million to construct 500 Mega watts gas-fired and waste-fired power plant, according to company sources.

The state-owned Korea Western Power Corporation will implement the project in cooperation with Myanmar’s Hexa Group of Companies. More…

Exim Bank to open Myanmar office in September 0

Exim Bank LogoSource: The Hindu Business Line

Export-Import Bank of India (EXIM Bank) will open its eighth overseas office in Yangon, the capital of Myanmar, next month, a senior official said on Friday.

This is being done as a follow-up to Prime Minister Dr Manmohan Singh’s recent visit to the neighbouring nation during which the two sides had signed MoUs worth $500 million for various projects. More…

Considerations: Myanmar's property boom 0

Yangon, MyanmarSource: Property Report

It’s not often that a closed-off country opens up to the world. Especially one like Myanmar – steeped in fascinating history, a diverse and hard-working population and a genuine thirst for international engagement. For those who engage, and engage first, the potential opportunities and rewards are immense. More…

Japan’s development loan to be spent on infrastructure and economic zone 0

Myanmar construction siteSource: Eleven Myanmar

Japan will lend over US$ 900 million for development projects this fiscal year to be spent on renovation and basic infrastructure in Yangon, as well as the Thilawa Special Economic Zone, according to an official from Japan International Cooperation Agency (JICA). More…

Japan's development loan to be spent on infrastructure and economic zone 0

Myanmar construction siteSource: Eleven Myanmar

Japan will lend over US$ 900 million for development projects this fiscal year to be spent on renovation and basic infrastructure in Yangon, as well as the Thilawa Special Economic Zone, according to an official from Japan International Cooperation Agency (JICA). More…

Myanmar foreign investment. Difficult and expensive, but opportunities are there 0

Myanmar rice fieldLast year around this time, co-blogger Steve Dickinson and I were in Yangon, Myanmar, assisting a company in figuring out whether to go into the country and, if so, how. We were there with Bob Walsh who studied Burmese in the Army and has maintained a close interest in the country ever since and has done several projects there since 2001. Last year a group of clients urged him to go to Myanmar and undertake projects on their behalf, and he hasn’t left yet, and it’s looking like it will be a long time before he does. More…

Myanmar Firms Feel Pinch From Abroad 0

Drinks and other provisions on display at a tea shop in Yangon, Myanmar. Foreign consumer brands like Coca-Cola and Sprite are increasingly displacing locally-produced beverages like Star Cola, chipping away at profits of local conglomerates in the country.

Drinks and other provisions on display at a tea shop in Yangon, Myanmar. Foreign consumer brands like Coca-Cola and Sprite are increasingly displacing locally-produced beverages like Star Cola, chipping away at profits of local conglomerates in the country.

Reposted from The Wall Street Journal
By Shibani Mahtani

The world’s biggest consumer companies are flocking to Myanmar, filling the once-pariah nation and its backward economy with goods previously unavailable to its 60 million people.

But not everyone is happy. Some of the country’s biggest conglomerates—plugging away at the cash-strapped market for decades and fighting hard to grow despite crippling Western sanctions—are now finding themselves drowned out by foreign competitors including Coca-Cola Co. of the U.S. and Canon Inc. of Japan. More…

Why GE’s Myanmar Venture Has not been Easy 0

GE is looking for places like Myanmar, situated in a strategic saddle between India, China and Southeast Asia.

GE is looking for places like Myanmar, situated in a strategic saddle between India, China and Southeast Asia.

Reposted from Forbes India
By Simon Montlake

In the midday haze outside the Thingaha Hotel in Naypyidaw, the new capital of Myanmar, the national flag droops alongside the Stars and Stripes and General Electric’s corporate logo. Inside the Grand Ballroom the staff scurries with last preparations for a meticulously planned gala dinner. Heading up this coming-out party is Stuart Dean, a blue-eyed, rawboned American and GE’s chief for Southeast Asia. More…

Telenor to roll out 3G in Myanmar next year 0

Telenor aims to complete rollout of its 2G and 3G networks using high-speed packet access technology and install 4G base stations through LTE technology.

Telenor aims to complete rollout of its 2G and 3G networks using high-speed packet access technology and install 4G base stations through LTE technology.

Reposted from ZD Net
By Ellyne Phneah

Telenor plans to introduce commercial 3G mobile services in Myanmar next year after winning a licence in a highly competitive tender last week.

According to The Bangkok Post on Tuesday, the Norwegian company aims to complete the nationwide rollout of its 2G and 3G network using high-speed packet access (HSPA) technology within five years under an undisclosed investment. More…

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