Japanese logistics company Yamato Holdings Co. enters joint venture with Myanmar’s Aye International

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Pagoda view in Bagan where has a few thousand of pagoda, MyanmarYamato Holdings Co. Ltd (“Yamato”) has entered into a joint venture agreement with Myanmar’s Aye International Group Co. Ltd (“Aye International”) in relation to the establishment of a new Myanmar joint venture company with a view to capitalising on growing demand in Myanmar for logistics services. Read more…

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EU and Germany invest € 22.25 million in Myanmar aquaculture

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Sunset over temples of Bagan in MyanmarThe European Union and the German government has pledged Euro 22.25 (Kyats 36.70 billion) in financial support to the Myanmar Government over the next five years to assist with the sustainable development of aquaculture in Myanmar. Read more…

Mandalay Myotha Industrial Park attracts US$500 million in local and foreign investment

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tropical oceanThe Mandalay Myotha Industrial Park project in Myanmar’s central Mandalay region has attracted US$500 million dollars of local and foreign investment. The project is being jointly implemented by the Mandalay government and Mandalay Myotha Industrial Development Public Company (“MMID”).  Read more…

TMH Telecom becomes fifth company to list on Yangon Stock Exchange

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House view with paddy fieldOn 26 January 2018, TMH Telecom Public Co., Ltd. (“TMH Telecom”) became the fifth company to list on the Yangon Stock Exchange (“YSX”) Founded in 2007; TMH Telecom provides fixed and mobile network engineering services, fiber turnkey projects, fiber installation and maintenance services, is engaged in the manufacture and distribution of mobile top-up-cards; and the provision of tele-conference systems. Read more…

Myanmar Government lifts restriction on gold exports

Myanmar, Bagan - Sunset aerial view nb.8The Ministry of Commerce (“MOC”) has announced the lifting of restrictions on the export of Myanmar produced gold and gold products. Gold producers and traders will now be able to sell Myanmar-mined gold to buyers overseas. The Myanmar Government has struggled to regulate and develop Myanmar’s domestic gold industry, prevent illegal mining operations and stem the informal cross-border gold trade. Read more…