Hayleys Advantis Signs Myanmar JV


Hayleys Advantis, the transportation and logistics arm of Hayleys Group, has entered into a joint venture in Myanmar with Kusuhara Transportation Co Ltd of Japan and Myanmar Sedate Shipping & Logistics Co Ltd, the Sri Lankan firm said. The new JV is expected to further strengthen the logistics operations of… Read more »

NVE to help develop hydropower in Myanmar

Norconsult has recently signed a new contract with the Norwegian Water and Energy Directorate (NVE) and will provide in-house consultants work to the Ministry of Electric Power in Myanmar, the Norway-based company said. The firm will assist the ministry in performing a feasibility study of a new 100-150MW hydropower plant. The… Read more »

Mandalay Hosts First Android Bootcamp

The first Android Bootcamp organised by Ideabox Myanmar and Google Developer Group (GDG) Yangon was hosted in Mandalay recently. More than 40 developers took part in the two-day Android development training program, according to Ooredoo, a patron of the event. Ye Lin Aung and Thura Hlaing from GDG Yangon trained… Read more »

Thailand, Myanmar to Revive Dawei Zone

Thailand and Myanmar will sign a pact in January aimed at reviving the multi-billion dollar Dawei industrial zone in Myanmar, a Thai minister said. Deputy transport minister Arkhom Termpittayapaisit, who is also secretary-general of the National Economic and Social Development Board (NESDB), said the Thai and Myanmar governments would meet… Read more »

Hanwha to invest $150m in Myanmar realty

South Korea’s Hanwha Corp is seeking to establish its footprint in Myanmar’s real estate and construction industry, while also tapping the Southeast Asian nation’s booming manufacturing, trading and agriculture sectors. The South Korean conglomerate has already received approval from the Yangon City Development Committee (YCDC) for its first real estate… Read more »

Myanmar’s Golden City launches 2nd phase

Golden City, a real estate development project by Singapore-based Uni Global Power (UGP), announced that it has opened the second phase of its flagship project in Yangon, Myanmar The 33-storey Golden City Project Phase-II includes residential units, hotel, office spaces, serviced apartment and shopping centre, interior decorations and French-styled gardens…. Read more »

Japan’s Mitshi acquires 44% in Myanmar Power

Mitsui & Co has acquired 44 per cent equity interest in Myanmar Power, a subsidiary of Singapore-based MAXpower Asia Group Pte Ltd (MAGPL)  for around $17 million. This investment makes Mitsui, the first Japanese company to invest in the Hermit Kingdom’s power sector. Myanmar Power operates a  a gas-fired generation… Read more »

MIIL raises $3.79m for Myanmar investments

Myanmar Investments International Ltd (MIIL), an AIM-quoted Myanmar focused investment company, said it has raised $3.79 million through a share subscription by existing shareholders. The company plans to use these funds for general working capital and further investments in Myanmar. The firm raised $3,797,850 via a subscription of 3,617,000 new ordinary… Read more »

SuleTech is Yangon’s new community tech hub

A new technology hub called SuleTech was opened recently in downtown Yangon. It aims to become a centre for the local tech community. SuleTech will be used to foster the “technology ecosystem” in Myanmar, and will have offices, co-working facilities, trainings rooms, a UI/UX lab, and a program of workshops, trainings… Read more »

Startups in Myanmar: hurdles and way forward

Can Myanmar, that is opening up to the world after 50 years of isolation, emerge as a startup destination?  Harald Friedl, an observer of the Southeast Asian startup world, an angel investor as well as a MD of a renewable energy company, who has been living in Myanmar for more… Read more »