MAPCO Golden Lace completes development work of integrated rice project in the Ayeyawady region

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Ayeyawady, Myanmar

MAPCO Golden Lace Company Limited (MAPCO Golden Lace) has completed the construction of an integrated rice complex project (IRCP) on a 30- acre site in Kyaiklat in the Ayeyawady region. Established on 30 January 2014, MAPCO Golden Lace is a joint-venture between the Myanmar Agribusiness Public Corporation (MAPCO) (55%) and Golden Lace Company Limited (Golden Lace) (45%). Read more…

Bintai Kinden enters into US$17.5 million engineering sub-contract agreement with Soilbuild (Myanmar) Co Limited

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engineering, Myanmar

Mechanical and electrical engineering services provider Bintai Kindenko Myanmar Co Limited, (Bintai Myanmar) a subsidiary of Bintai Kinden Corp Bhd’s, has entered into a US$17.5 million sub-contract agreement with Soilbuild (Myanmar) Co Limited in respect to the development of a 26 storey Somerset Serviced Apartment and 68 and a half story Residence in the Bahan area of Yangon. Read more…

Osaka Chamber of Commerce and Industry and UMFCCI to assist SME’s establish in the Thilawa SEZ

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SME, the Thilawa SEZ

The Myanmar Japan Thilawa Development (“MJTD“), the Osaka Chamber of Commerce and Industry (“OCCI“) and the Union of Myanmar Federation of Chamber of Commerce and Industry (“UMFCCI“) have entered into a memorandum of understanding (“MoU“) to establish a small rental factory area in Thilawa Special Economic Zone (“Thilawa SEZ“). Read more…

Hong Kong gold exchange and CGSE advising on the establishment of new gold exchange

The operators of the Hong Kong gold exchange the Chinese Gold & Silver Exchange Society (CGSE), are advising the Myanmar government on the prosed establishment of a new central gold exchange in Yangon (Myanmar Gold Exchange). The Myanmar Gold Exchange will be established by the Myanmar Gold Entrepreneurs Association (MGEA) in cooperation with the Myanmar Central Bank and Myanmar’s ministries of commerce, resources and environmental conservation, and home affairs. Read more…

Myanma Timber Enterprise to respond to new sanctions against Myanmar’s teak industry

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Myanmar

A Danish court has placed injunctions on all seven Danish operators from importing Myanmar teak into Europe. The Myanma Timber Enterprise, the state-owned company responsible for the cutting and export of timber in Myanmar has announced that it intends to respond to the imposition of sanctions after consultations with the Ministry of Natural Resources and Environmental Conservation (“MONREC”). Read more…

James Fisher and Sons and Royal Marine Technology Co. enter into MoU in respect to the provision of oil and gas services

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Mou, Myanmar, oilandgas

London-listed James Fisher and Sons Plc. (“James Fisher and Sons”), and the Myanmar’s Royal Marine Technology Co. Limited (“Royal Marine”) have entered into a memorandum of understanding (“MoU”) in respect to the provision of support services to Myanmar’s oil and gas sector. Read more…

Thailand’s National Healthcare Systems establishes Myanmar joint venture

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jointventure, Myanmar

National Healthcare Systems Company Limited (“National Healthcare Systems”), a Thai medical service provider supporting hospital businesses throughout the ASEAN region, has established an independent clinical laboratory as part of a joint venture (“N Health Myanmar”) with two Myanmar companies – Sea Lion Group Limited and Bahosi Hospital. Read more…

MySQUAR integrates Telenor Myanmar’s billing services

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Myanmar, Telecommunication

AIM-Listed MySQUAR Limited (“MySQUAR”), the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, announced that it has successfully integrated and utilised the ‘carrier billing service’ (purchases mage via mobile credit) of Telenor Myanmar Limited (“Telenor”), a leading Norwegian telecommunications provider operating in Myanmar since 2014. Read more…

FibreLink Myanmar seeking to raise US$25 million to fund first phase of telecom infrastructure development plan

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Myanmar

FibreLink Myanmar Co. Limited (“FiberLink”) has obtained approval from the Myanmar Investment Commission in respect to the development of telecom infrastructure throughout Myanmar. FibreLink is initially seeking to raise US$25 million as part of its US$860 million investment plan. FibreLink is looking at raising capital from financial investors, including funds, high net worth individuals, and strategic investors operating in the telecom industry. Read more…

Myanmar clothing exports increase by almost US$1 billion in under a year

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export, Myanmar

According to Myanmar’s Ministry of Commerce, Myanmar apparel makers manufactured more than US$1.64 billion of clothing under the cut-make-pack (CMP) system since 1 April 2016, an increase of nearly US$1 billion on the previous year. Read more…