Myanmar Dealbook: MAPCO invests in $12m in agri parks; Rakhine state to set up SEZs

The Myanmar Agribusiness Public Corporation will start working on establishing agri-industrial parks while Rakhine state will soon have two economic zones

MAPCO puts $12m in agri industrial park

The Myanmar Agribusiness Public Corporation (MAPCO) which will soon will listed on the Yangon Stock Exchange, has invested $12 million for the setting up of agricultural industrial parks in the country’s Delta Region, the Myanmar Times reported.

One park is located in in Myaungmya township, equipped with basic infrastructures, jetty, electricity supply and roads.

“The intention is to support and revitalise agribusiness activities and to promote domestic production of value-added products,” said Ye Min Aung, managing director of MAPCO.

For small and medium-scale agri-industrial parks, they have received some proposals from foreign investors from Japan, Thailand, China and Taiwan.

Rakhine State to set up SEZs

Rakhine state will see the development of two economic zones.

The Kyauk Phyu Special Economic Zone (SEZ) Public Company that has committed and won the tender to operate the Ponnar Kyun economic zone in Rakhine State will soon start working on the project.

Ponnar economic zone, located on the East of the Yangon-Sittwe road, has an area of over 1,800 acre. Kyauk Phyu SEZ Public Company comprises local businesses.

In Rakhine, a special economic zone named Kyauk Phyu SEZ is also in the process of being set up. A local entity is yet to be selected among 25 companies that applied to the Kyauk Phyu SEZ management committee. Post selection, the local company will jointly work with CITIC, Beijing headquartered investment company, on the project.

Also Read:

Myanmar: MAPCO to raise capital through rights issue

Myanmar: MAPCO, FMI to be first companies to trade on YSX without IPOs

Myanmar gives go-ahead to Kyaukphyu SEZ, China’s CITIC to hold 85% stake

 

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.