May 21, 2016

Invitation to Submit Expression of Interest to Establish Water Treatment System

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Invitation to Submit Expression of Interest for Eastblishment of a River Port Development

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Invitation for open tender (400 mt of copper cathode) - closing date and time 17.6.2016

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May 16, 2016

Myanmar penetrates coffee market in US, Switzerland

Myanmar will export coffee to the US and Switzerland for the first time, said Sai Wan Maing, the vice chairperson of the Myanmar Coffee Growers Association.

Myanmar will export about 18 tonnes of coffee beans to Switzerland this year. Officials from Myanmar are in talks with coffee experts from the US about exports of coffee to the US.

“In March, coffee experts from the US held a contest to assess the quality of coffee beans. Myanmar coffee is ranked 87. The Mandalay Coffee Company will export around 100 tonnes of home-grown coffee,” he added.

In addition, Myanmar will ship a container full of coffee beans to Taiwan at the end of May. Arrangements are being made to export coffee seeds to France, Germany and Japan.

In Myanmar, coffee plants are mainly planted in Ywa Ngan, in southern Shan state, as well as Pyin Oo Lwin, Naungcho, Mogok, Taungoo and Chin state.

Myanmar produces over 7,500 tonnes of coffee per year. Coffee bean prices increased this year to US$4,000 per tonne, up from $3,200-3,500 per tonne last year.

Myanmar conducts courses for coffee growers and educates them in cooperation with USAID.

Source: Eleven Myanmar

Myanmar Economic Holding Limited Transforms into Public Company

Myanmar Economic Holding Limited announced that the firm, owned by the military, has been transformed into a public company.

Myanmar Economic Holding limited was established on April 27, 1990. At present, shareholders are divided into group “A” and group “B”. The shares of group “A” were increased by the Ministry of Defence and the Office of Procurement Director under the office of chief-of-staff (Infantry) and the shares of group “B” are contributed by military servants, ex-military servants, military battalions and units, and veteran organisations.

Now, the shares of group “A” are transformed as the shares of group “B” according to the Myanmar Companies’ Act, 1914, in order for the firm to transform as a public company.

Economic Holding limited operates in various industries such as industrial services, gem production and trading, timber production, banking, hotels, transportation and construction, among other.

Businesspeople lauded the move as the formerly-opaque firm embarked on a reform path. “Because it will not be owned by the army, matters on giving privilege will be stopped and also non-transparent matters will diminish. If it follows the public company law, the public may be allowed to participate at one time,” said Dr Soe Tun, chairman of Myanmar Rice Federation.

“Moreover, by transforming as a public company, the corporation may be free from the economic sanctions of the US. Later, it may become more transparent and achieve public trust,” he added.

Source: Myanmar Business Today

May 14, 2016

US business delegation to meet with Myanmar Government

The American Chamber of Commerce in Myanmar is organizing a delegation of American businesses to meet with the newly elected government in Nay Pyi Taw on May 17 and 18.

Led by US Ambassador to Myanmar, Mr Scot Marciel, the delegation will discuss ways to improve the Myanmar business environment and bring in more US direct investment into the country, according to a press release on May 13.

Delegates from 30 US companies, members of AMCHAM Myanmar, will meet with various Ministries and urge them to continue to make positive legal and policy steps further fostering economic growth that began under the previous government. The delegation will advocate for strengthening the legal framework for foreign ownership and business protection, the rule of law, improving infrastructure and services to support economic growth, and leveling the playing field for all business – private, state-owned, foreign and domestic.

“The American Chamber of Commerce in Myanmar and the American business community here would like to see the country develop and thrive, and spurring the economy and creating jobs is essential to that process.  As the Myanmar government is committed to creating a business environment benefitting both investors and the people of Myanmar by improving infrastructure and rule of law, while strengthening its leadership development, AMCHAM is at the government’s disposal to provide advice, expertise, and support in bringing Myanmar’s economic climate in line with international standards and best practices making it a friendlier environment for investors,” says Andrew Lee, Chief Country Representative for GE and member of AMCHAM Myanmar’s Executive Committee.

The visit to the new government comes on the heels of a business matching programme held by AMCHAM Myanmar in conjunction with the Myanmar Federation of Chambers of Commerce in February.  More than 20 U.S. companies, such as Ford Motor Company, Dow Chemical, DuPont and Honeywell, networked and fostered partnerships with 50 local businessmen.
According to the Directorate of Investment and Company Administration, 17 U.S. projects worth US$248 million have been approved as of the beginning of this year, which signals an increased commitment and increased role of American business in Myanmar.

Source: Mizzima

Myanmar-Russian military cooperation agreement approved

The Pyidaungsu Hluttaw has agreed to ink an agreement for Myanmar-Russian military cooperation following discussion of the proposal put forward by President U Htin Kyaw, the Global New Light of Myanmar reported on 11 May.

U Saw Tun Mya Aung of Papun Constituency expressed support for the signing of the military cooperation agreement with the Russian Federation, recounting the situation in the country’s past in which Myanmar fell under the yoke of colonialism as it lagged behind the western imperial powers in industrial and defence technology.

In his discussion, U Tun Wai of Phaungpyin Constituency stressed the need for building up the Myanmar Tatmadaw to become a standardised, modern and effective defence force for the country, the report said.

Source: Mizzima