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Investment and Development news of Myanmar

some on-going urban development project...

NGAMOYEIK CREEK MASTER PLAN | Archetype Group

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Morning Glory

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Lotus Garden

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New pyihtaungsu yeik thar mixed development/

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Mandalay Myotha Industrial Project..

MIP ( Myotha Industrial Project ) will be a mixed use industrial park covering over 10,000 acres. SMP is a jetty port along the Ayeyarwaddy River that covers 380 acres. Foreign investors are already showing interest in this development that will play a big part in the modernisation, infrastructure and economic growth of this beautiful country of 60 million people.

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The Central Myanmar Region has always been an agricultural region. With the recent change in the country’s open economy market-oriented policies, modernization and industrialization is essential for the country’s development.

The proposed industrial park is envisaged to be on par with international industrial parks such as Jurong Industrial Park (Singapore) and Suzhou Industrial Park (China)

The proposed site is located in the central part of Ayeyarwaddy River, southwest of Mandalay City. To the south, it is about 430 miles away from the river port of Yangon. To the north, it is about 270 miles from Bhamo.To the west is KyaukPhyu deep sea port. From the port, two pipelines (a gas and a crude oil) south of Mandalay International Airport to Yunnan, China.

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Semeikhon Port Planning Concept

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In its initial stage, Semeikhon Port will be constructed and thereafter, a Free Trade Zone will be established within the port district.

In the later stage, Semeikhon Port will be further enhanced and expanded to cater for facilities such as container transportation, logistics and warehousing.

Royal HaskoningDHV (RH) has been appointed to be the overall consultant for the SMP. RH is a leading independent international engineering consultancy specialising in several discilpines including maritime and water. They have previously completed studies of the Ayeyarwady River.

for more info: Mandalay Myotha Industrial Development
 
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Some great pics there @Aung Zaya !

Can I ask what are the constraining factors currently stopping myanmar from going to next level of growth stage ?
 
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Some great pics there @Aung Zaya
Can I ask what are the constraining factors currently stopping myanmar from going to next level of growth stage ?

How do you mean exactly? Up the value chain in production? Or do you mean more formally in terms of development models?

In either case, not much. It's just a matter of time really. I will add that I don't agree with the traditional manufactured export based model of development as the conditions for that aren't the same as when other countries did it so I think we should have more of a focus on developing our agricultural export industries. Other than that, our financial sector is very weak and also subject to a number of restrictions and sanctions STILL so that restricts both our access to finance and the savings ratio which is a big drag. Also the fact that Burmese would rather make donations to earn merit rather than save is a problem.

There is still sometimes a weak enforcement of the rule of law. Businesses have to be clever to get around the quirks of the country. Contract law still needs work as does the courts system and the laws themselves and the tax system is still very primitive. The Hluttaw (parliament) is busy pumping out new laws but that can be both confusing and take time. But I will say that it's very exciting to watch.

Finally I will say that we still have the problem of national unity. There are still separatist movements and rebel groups fighting on the fringes and outskirts of the country. Also, Myanmar is a very ethnically diverse country so it can be very fractious. This is a real problem for everything from logistics to productivity.

I want to make one last note about the role of foreigners. Myanmar has been under completely unfair and illegal sanctions for decades. This has ruined our export industries and our ability to find finance. I can understand the political reasons for sanctions but it seems to me that many horrible countries out there are completely safe from being sanctioned merely because they are politically allied to the West. These sanctions have hurt us almost as much as the mismanagement of our own military leaders. The Western nations must completely remove all restrictions on trade and finance immediately.
 
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Dutch firm invests in local feed factory
By Myat Noe Oo | Monday, 03 October 2016
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After five years of importing Vietnamese products into Myanmar, Dutch animal feed company De Heus has opened a factory in Myanmar to start producing for the local market directly.

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Farmers plough the land with cows in Nay Pyi Taw.EPA


The firm is starting with a 10 million euro (K14 billion; US$11.2 million) foreign direct investment and aims to produce 240,000 tonnes of feed a year to start with, said Johan van den Ban, the company’s managing director in Myanmar.

“We’ll produce more according to local demand,” he added.

The firm has been selling animal nutrition products in Myanmar for the last five years, but imported them from its Vietnam operations. In response to local demand and a strong potential market, De Heus decided the time was right for a local Myanmar facility.

De Hues held an opening ceremony for the new factory, which is based in the Myaungtaga industrial zone in Yangon region’s Hmawbi township, on October 1. Feed produced at the factory will be distributed across the whole of Myanmar, Mr van den Ban said.

The location near the Hlaing River will allow the firm to ship in raw materials and ship out finished products at low cost, said U Aye Maung Zan, sales manager from De Heus Myanmar.

“Our company relies on the river in every country with a [De Heus] factory,” he said. “We reduce transportation costs so we can also reduce in the price of our products.”

A reliance on high-tech machinery means that the factory will only employ 22 people, U Thu Hla Zaw, production supervisor at De Heus Myanmar said.

De Heus, which was founded in 1911, is headquartered in the Netherlands but has factories in more than 50 countries in Europe, Asia, the Middle East, Africa and Latin American.
 
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US company to invest US$480m in Myanmar power sector

An American company, Convalt Energy, will invest US$480 million in Myanmar’s power sector for 300-megawatt solar facilities in the Mandalay Region.
The plan was announced at a press conference held on October 31 at the Directorate of Investment and Company Administration (DICA) in Yangon.
It will be a Build-Operate-Transfer (BOT) project, according to the press release. The facilities will be set up in Myingyan and Meiktila districts.
http://www.elevenmyanmar.com/business/6404
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Yoma Strategic spins off $50m Myanmar tourism business via RTO of SHC Capital Asia

Singapore-listed Yoma Strategic Holdings has spun off its tourism business worth S$70.7 million ($50 million) through a reverse takeover of SHC Capital Asia.

The tourism business which has been divested include Balloons over Bagan (a hot-air balloon business), Bagan Land (a 4.3-acre land to be developed into a commercial and hospitality development), Pun Hlaing Lodge, Hpa-An Lodge in Kayin State and Asia Holidays, a tourism management unit.

Read more at: http://www.dealstreetasia.com/stori...ll-50-m-though-rto-of-shc-capital-asia-56218/
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Vietnam’s Viettel-backed group to kickstart Myanmar telecom ops in 2017, to invest $2b

The group backed by Vietnam’s telecom major Viettel – the fourth operator in frontier market Myanmar – is expected to invest up to $2 billion over a five-year period as it gears to kickstart operations in early 2017, a board member of the local consortium said.

23 per cent stake will be held by a consortium of 11 local companies while 28 per cent will come from Star High Public, backed by Myanmar Economic Corporation (MEC).
MEC is a conglomerate operated by the military and previously ran MecTel, the operation of CDMA 800 MHz SIMs.

Read more at: http://www.dealstreetasia.com/stori...on-for-five-year-telecom-ops-from-2017-55328/
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Bids invited for car assembly plant

The Ministry of Industry yesterday invited tenders by November 7 for an automobile assembly project to be implemented on a 14-acre site owned by the No.1 Heavy Industries Enterprise.


Isuzu, Y Tong Bus, Suzuki, Sinor Truck, Grand Tiger, KIA, Ford , Lifan, Nissan, SC Auto or Volvo Trucks and Ssang Yong have got the green-light to assemble vehicles. Some automobile companies have applied to the Myanmar Investment Commission.



Since 2011, Ford, Chevrolet, Jaguar, Land Rover, Toyota, BMW, Mercedes, Benz, DFM, Hyundai, Nissan, Isuzu, KIA, Mazda, Ssang Yong, MG, YATA, Mitsubishi and Peugeot have opened showrooms and service centres. Volkswagen plans to open a showroom.



According to the Department of Road Transport, there are around 780,000 registered vehicles with more than 570,000 imported in five years.
http://www.elevenmyanmar.com/business/6363
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US technology to help cut rubies

The government is cooperating with the US to export finished rubies to America in the wake of lifted sanctions, reports say.
Their discussion revolved around getting US technical aid in cutting rubies before export, market information, cooperation between domestic small-scale jewellery firms and an American gem trading association and bilateral cooperation between the two countries in jade mining.

http://www.elevenmyanmar.com/business/6338

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Japan's R&K Trading to launch steel-processing plant in Myanmar

Japanese iron and steel trader R&K Trading will begin operations at a 1.5 billion yen ($14.3 million) factory near here this month, launching what will be Myanmar's largest steel-processing site.The factory, located in the Thilawa Special Economic Zone, has an annual production capacity of 120,000 tons.


Aiming to differentiate its products from Chinese ones, R&K Trading installed state-of-the-art machinery in the factory. In the future, the company eyes supplying high-value-added steel for use in bridge- and ship-building.

http://asia.nikkei.com/Business/Com...g-to-launch-steel-processing-plant-in-Myanmar
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Myanmar industrial park set to grow

YANGON -- Myanmar's first modern industrial park, developed in partnership with Japan, is due for a roughly 30% expansion as early as 2018.

Building out the Thilawa industrial park is estimated to cost around 5 billion yen ($48.1 million). Opened in September 2015, the park is now 90% under contract.
The partners will add about 100 hectares adjacent to the existing complex measuring roughly 400 hectares. The construction time frame will be finalized after Myanmar authorities finish acquiring the land and relocating residents.


http://asia.nikkei.com/Business/Companies/Myanmar-industrial-park-set-to-grow
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Myanmar PMI up to 49.0 in October

http://asia.nikkei.com/Markets/Nikkei-PMI/Myanmar-PMI-up-to-49.0-in-October
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Japan to provide $7.73 billion in aid to Myanmar
Japan will provide aid worth 800 billion yen ($7.73 billion) to Myanmar over five years to support its peace-building and development efforts, Prime Minister Shinzo Abe said on Wednesday.
Myanmar needs Japanese investment and robust bilateral ties as a counterweight to its largest trading partner, China.

In turn, Japan is eager for opportunities to help Myanmar meet its extensive infrastructure and development needs.
http://www.asahi.com/ajw/articles/AJ201611030009.html
 
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Locally Assembled Suzuki Ciaz 2017 Lunched...
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Sale start at 1st week of 2017....
Ciaz
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