Mar 29, 2015

Open Tender: Myanmar Business Network is now accepting investment proposals from foreign and local investors (Deadline: 30 April, 2015)

Since its humble beginnings in March of 2011, Myanmar Business Network (MBN) has become a leading Myanmar business news agreggator, ranked on the top of list of the major search engines, such as google, yahoo, etc. for "myanmar business" searches. With 40-45,000 pageviews per month and audience coming from all corners of the planet, our platform has gained a trully unique international recongnition and expanded its unrivaled business network within Myanmar and internationally.

At present, MBN is also a media partner of 80% of the international conferences/investment summits taking place in Myanmar, as well as a choice of brand exposure and quality PR via banner ad advertisements and press-releases for major multinational corporations and high-net-worth individuals operating in Myanmar.

Our aim is to continue growing in a sustainable way and promote Myanmar business in its most positive light as we believe that only positive and constructive thinking combined with unlimited imagination can take us to the new hights. To achieve our future goals and objectives, we are happy to invite reputable foreign and local investors, web designers, content managers, internet enthusiasts, and business media to submit Expression of Interest (EOI) for partnership with us and develop world-class sustainable business venture.

ALL PROPOSAL ARE WELCOME AND WILL BE CONSIDERED - LET's GROW TOGETHER!!!

For more information or submission of your proposal, please contact evi@myanmar-business.org



Mar 28, 2015

Vintage enters into Myanmar's alternative-energy business

Attracted by the country's growth potential, Vintage Engineering plans to pursue alternative-energy business opportunities in Myanmar via the construction of a solar energy-driven power plant, after acquiring a stake in a company holding a permit for a 220-megawatt facility.

The listed company is also ready to acquire power plants in Thailand and abroad.

Vintage has allocated more than Bt2 billion for investment in alternative-energy business, mainly in solar-driven power plants overseas, chief executive officer Soraj Rojanabenjakul said yesterday.

The company hopes to raise its ratio of revenue from energy business to 80 per cent by the end of next year.

Vintage is turning to alternative-energy business as it offers attractive growth potential both locally and abroad to compensate for the now-saturated engineering business, he said.

When alternative-energy business accounts for the majority of the company's revenue, Vintage may switch to be classified under the energy business group in the Stock Exchange of Thailand, he added.

The company's board has approved the acquisition of 12 per cent of the shares in Green Earth Power for Bt666.05 million.

Green Earth Power has a licence to construct a 220MW solar energy-driven power plant in Myanmar, the first private firm to receive such a licence in the neighbouring country.

Myanmar offers room for growth as only 30 per cent of the population has access to electricity, said the Vintage CEO.

The solar-driven power plant will take 30 months to complete, in four phases. he first phase will commence within 12 months, with revenue scheduled to come on stream in mid-2016.

In addition, Vintage has plans to acquire several power plants, one of them locally - a biomass and solar-power plant - and a few foreign plants.

As for feeding its coal-fired power plants, Vintage currently has stakes in four coal mines in Indonesia.

The company plans to invest in an additional seven mines this year, Soraj said.

Source: The Nation

For this year's operations, Vintage hopes to generate more than Bt1 billion in revenue, with some Bt550 million coming from traditional business and over Bt500 from energy business.

The company should revert to profitability in the second quarter of this year, allowing it pay a dividend, said the chief executive

Mar 27, 2015

Myanmar Hospitality and Tourism Conference 2015

8 June 2015 : Pre-conference workshops
9 - 10 June 2015: 2 full day conference
Venue: Kempinski Hotel, Nay Pyi Taw

For more information, please click HERE

Mar 23, 2015

Total Airport Solution by Schneider Electric - NOW Available in Myanmar!

Scalability, experience, reliability—there are a dozen reasons for any business to choose Schneider Electric for an innovative, integrated solution.

But for those in the airport profession, Schneider Electric offers a more complete solution than any other industry player. More than 140 000 employees in more than 130 countries are on staff to make sure you have the help you need, when you need it. And since almost 5 percent of its turnover is reinvested in R&D, you can rest assured you’re getting an efficient and innovative product.

Schneider Electric has the ability to provide a global airport solution in Myanmar and any other place in the world. And we uniquely provide solutions with a single point of contact. We’re the global specialist you need to ensure both maximum energy efficiency and highest availability throughout your airport’s critical facilities and systems.

For more information, please contact evelin.petkov@schneider-electric.com

Work to begin on big Myanmar industrial park

Construction of a large industrial park near the Thai border in the southeastern part of Myanmar is expected to shift into full gear by the end of the year. But where the money will come from to finish the massive project remains a question mark. The Dawei special economic zone, being planned by the governments of Myanmar and Thailand, will be one of Southeast Asia's largest industrial parks at about 200 sq km. Thai construction giant Italian-Thai Development and other companies will be involved in the first phase. The Dawei zone has drawn attention as a promising investment destination for Thai companies in labour-intensive industries, which face rising labour costs at home. The zone is also seen as a possible future hub for the energy industry. Dawei is a port city along the Indian Ocean and boasts a flourishing fishing industry. - See more at: http://business.asiaone.com/news/work-begin-big-myanmar-industrial-park#sthash.QqGdY6gk.dpuf

Vietnam businesses race to enter Myanmar market

In recent years, Vietnamese enterprises have significantly increased their inflow of goods into Myanmar and raced each other to gain a foothold in the market, which is ripe with potential.

VNPT and Viettel, two giant telecommunications service providers, have both taken part in buildings to invest in Myanmar .

FPT Corporation, one of the top 30 Vietnam’s companies in terms of revenue last year, established a subsidiary, FPT Myanmar, in 2013. The group also won a contract to set up a distribution management system (DMS) for Myanmar Mayson Industries Co. Ltd, a major retailer in fast-moving consumer goods.

The regional country is considered a prosperous destination by Vietnam’s retailers and businesses producing fertilizer, processed food, electricity, cosmetics and construction materials.

According to official statistics, trade between the two Southeast Asian countries earned more than 480 million USD in 2014, including 345.86 million USD worth of Vietnamese exports. In the southern hub Ho Chi Minh City alone, the figure hit 77.34 million USD, an annual increase of 4.79 percent.

The start of direct money transfers between the two countries is expected to ease Vietnamese businesses’ concern about payment, according to Pho Nam Phuong, Director of the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC).

However, the quantity of Vietnamese products exported to Myanmar is still limited due to high transportation costs. In additions, Vietnamese commodities, despite being popular with people in Myanmar, have to compete with low-priced goods imported from China and Thailand.

Therefore, Vietnam’s enterprises should focus on long-term investment rather than quick profit, Phuong declared.

Source: VNA

Mar 22, 2015

Energy firms BG, Woodside to invest $1.1 billion in four Myanmar blocks

Britain's BG Group and Australia's Woodside Petroleum Ltd will invest up to $1.08 billion to explore for oil and gas in four blocks off the coast of Myanmar's western Rakhine state, a senior Energy Ministry official said on Sunday.

The two firms were the winners of two shallow water blocks and two deepwater blocks in the country's auction last year.

"Operations at the shallow blocks will take $545.5 million at the minimum, while that at deep-sea blocks will cost $535.1 mil ..

Read more at:
http://economictimes.indiatimes.com/articleshow/46651369.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 
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