Myanmar will boost efforts to seek more foreign investments in the resource sector in 2020. Due to the refugee crisis in Rakhine over the past two years, some western countries have been hesitant to invest in the country. To address this, the government launched a 20-year Myanmar Investment Promotion Plan (MIPP) with a “Look East […]
Read MoreWilmar Myanmar and its partners, National Infrastructure Holdings Co, First Top Group and Riceland International, on Sunday announced the opening of a new flour mill and consumer pack edible oil processing plant in Thilawa Special Economic Zone, Yangon. The mill will have the capacity to produce 530 tonnes of wheat flour per day, while the […]
Read MoreIndonesia is keen to strengthen bilateral relations with Myanmar and channel more investments into the country, to Indonesian Ambassador Iza Fadri told The Myanmar Times at the sidelines of a diplomatic reception on Myanmar-Indonesia relations, trade development and future outlook in Yangon last week. To celebrate the 70th anniversary of Indonesia-Myanmar diplomatic relations, the Indonesian embassy in […]
Read MoreThe Myanmar Investment Commission (MIC) has approved Thai developer Amata Group’s proposal to develop a smart industrial estate project in Yangon Region. Amata Group is a Thai-listed developer headquartered in Bangkok known for its work on industrial estates. A meeting of the Myanmar Investment Commission on October 21 approved the development and operation of the […]
Read MoreMyanmar’s Ministry of Energy and Electricity has finally disclosed the tender results for five emergency power projects, one and a half months after issuing the letters of acceptance and following earlier Myanmar Times reports. The government issued a tender for five projects in June to bring in plants and barges with the aim of adding 1070 megawatts […]
Read MoreMyanmar is expected to call the next bidding round in January 2020 after passing the draft oil and gas law, said a retired senior official. Having planned to start the process in the first half of 2019, the government has delayed the international bidding round in order to get the new bill in place. “We […]
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