May 17, 2018

Myanmar becomes 3rd biggest exporter of human hair

Aye Aye Thein, 55, cuts hair for a living at Insein market in the north of Yangon, Myanmar's largest city.

But unlike most hairdressers, she doesn't charge her customers. Instead, she pays them. 
 
to read the full story, please click HERE 

May 13, 2018

Myanmar allows full foreign ownership in retail and wholesale business

Foreign companies are now allowed to invest in Myanmar's retailers and wholesalers, including holding 100% stakes, as the country makes efforts to lift foreign investment amid the Rohingya refugee crisis.

The Ministry of Commerce announced the change on Friday, explaining that it wants to increase competition in the sectors and promote price stability and technology transfers. The new rule took effect on Wednesday.

But restrictions still apply. Foreign companies must invest at least $700,000 to take an up to an 80% stake in retailers, and $3 million for anything more. They cannot own minimarkets and convenience stores with floor spaces of 929 sq. meters or less. For wholesalers, the minimums are set at $2 million for up to an 80% stake and $5 million for more.

The ministry is also letting foreign companies themselves bring their products into Myanmar and sell them instead of going through local importers as in the past. This could encourage automakers and appliance manufacturers to make further inroads here.

Foreign companies could technically take stakes in Myanmar retailers and wholesalers before if they received the ministry's approval. But almost none got the green light. Japanese retailer Aeon, one of the handful that did, began operating supermarkets with a local partner in 2016.

Emerging economies often restrict foreign investment to protect homegrown retailers and wholesalers. It is unusual for a country like Myanmar, with per capita gross domestic product of only $1,200 or so in 2016, to relax the rules so much.

But de facto civilian leader Aung San Suu Kyi has come under fire for delays in key economic reforms. And human rights abuses against the Rohingya Muslim minority, hundreds of thousands of whom have fled to neighboring Bangladesh, are making American and European businesses uneasy about operating in Myanmar.

The country approved about $5.7 billion of foreign investment in the 12 months ended March, down for a second straight year. A further decrease could throw a wrench into a development strategy heavily reliant on foreign money.

Source: NIKKEI

May 4, 2018

MOWE SINGAPORE seeking Business Partners in Myanmar!


MOWE Marine and Offshore Pte Ltd in Singapore wish to seek business partners / agents to setup joint corporation in Myanmar for various industries such as Marine & Offshore, Oil & Gas, Petrochemical & Pharmaceutical Plants, as well as Power Plants & Water systems and General Industries.



MOWE Marine & Offshore Singapore team has established itself with 19 years’ management experience in this industry since year 1998.

MOWE core focuses in INTEGRATED CONTROL SYSTEMS, Skid Packages & Site works for various energy industries such as

• Marine & Offshore FPSO, FSO FSRU
• Upstream Platforms, TLP, SEMI
• Power Plants & Petrochemical industries
• Refineries - Downstream
• Water Works
• Support in Ship Building and Ship repair/retrofit services

If you have the similarities or strength in various engineers sectors, we wish to meet with you.

Our plan is to get to know our partner and cooperate with them. In due course, when trust is established, we can transfer Technical knowhow for manufacturing to take place in Myanmar.

Myanmar business partners / agents should have the following characteristics:

1. Good relationship with customers of various industries.
2. Own office / factory.
3. Entrepreneur spirit to work and learn to achieve success.


Interested parties may meet us for a good conversation. Our plan is to go Myanmar in the month of June.

Please email to us your interest for us to schedule meetings.


Our majors are,
In Marine & Offshore / Oil & Gas :


Skids
• Chemical Injection
• High Pressure / High Temperature Injection
• High Integrity Pressure Protection Skids (HIPPS)
• Hot Water Skid / Boiler
• Emergency Fire Pump
• Subsea HPU / Safe + EX HPU
• Heat Exchanger Package

Systems

• Well Head Control Panels
• Valve Control Systems (Hydraulics / Pneumatics / Electric)
• Tank Management & Loading Computer
• Anti-Heeling & Propulsion
• Industrial / Power Station System Integration






In General Industries / Water Works / Power Plants :
• Heating Systems / Heating Cables / Concrete Heating
• Pneumatics / Electric Valve Control Systems
• Instrumentation & Sensor Systems
• Reverse Osmosis Machines
• Hydrophore System
• Tubing Supply and Installation Works
• Solar System / Solar Containers / Floating Solar Systems
• Filtration Systems / Scrubbers
• Thermal Insulation & Installation



Services :
• Specialist Engineers for Commissioning, Hook-ups and Site Acceptance Test
• Electrical & Instrumentation Installations like
o Power System upgrade
o Refurbishment/Overhaul of complete Electrical System
• Hydraulic / Pneumatic system like
o Design & upgrade, Inspection, Survey & Retrofits
o Tubes/Pipes design & installation, Purging & Flushing
o Automatic Self-Cleaning/Backwash filtration system installation in water related systems
o Welding works, etc...
• Ex Proof Protection, Fire Protection and Equipment Protection installation
• Thermal & Acoustic Installation
• Pump, Valve and Actuator Overhaul / Repair
• Manpower supply for Electrical & Mechanical works

We believe our resources would bring a win-win value add to your business.



MOWE gains trust of oil and gas major listings including Shell, Murphy, Technip and Petronas through timely delivery of proper equipment and technically well endorsed systems.

Contact us today!

+65 66526070 (Tel) / +65 66526071 (Fax)
info@mowemo.com


Visit www.mowemo.com for more information.

Look forward to the day of new venture together.






Apr 27, 2018

Kirin to brew 60% more beer in thirsty Myanmar

for the full story, please click HERE

Cambodia startup competition won by a Myanmar company

Technology startups gathered in Phnom Penh on Wednesday to pitch their business models and vie for a singular spot in a prestigious regional competition.
The Echelon Top 100 Cambodia Qualifiers, hosted by local telecommunications company Smart Axiata and tech media platform e27, was held to shine a spotlight on Cambodia’s tech scene and the competition’s organisers stressed the importance of the event for promoting Cambodian startups on a regional scale.
Most of the 21 competing teams were founded by Cambodians, however all were beat out by Myanmar-based startup Goama, which advertised itself as the “Netflix of games for emerging countries”.
Four Cambodian startups also received recognition at the event and will be flown out to experience the regional competition in Singapore as part of their rewards, but only Goama will be given the opportunity to compete at the event.
[Note: Following publication of this article, representatives of the event contacted The Post to say that while Goama is the only company guaranteed a spot to pitch, the four Cambodian startups may have an opportunity to pitch their ideas as well, depending on their rankings among startups from the 20 cities where competitions will be held.]
Mohani Belani, CEO and co-founder of e27, said at the start of the event that he had decided to bring his company’s startup competition to Cambodia for the first time because he was inspired by the potential of the country’s youth.
“The ecosystem here is great, because a lot of the population is very young,” he said, addressing the crowd before the final judging. “This is the time for the young generation to take charge here, to localise and execute their ideas.”
The Cambodian startups that were runners-up to Goama were Spare, which facilitates booking of available office space in Phnom Penh; Demine Robotics, which builds robots to rid the Cambodian countryside of landmines; and BookMeBus and CamboTicket, both of which provide online bus and train ticketing platforms in the Kingdom.
At the end of last year, Asia was home to more than one-third of the world’s billion-dollar startups, also known as “unicorns”. Only four of those unicorns were based in Southeast Asia, however, and none were from Cambodia.
“To get a unicorn out of Cambodia? Well, it’s probably a long shot, but it’s an exciting idea,” said Thomas Hundt, CEO of Smart. “Right now, I think we are grooming a tech ecosystem here in Cambodia . . . which is why we were excited to bring [this competition] here, to really tell the region, ‘Look, Cambodia has something to offer’”.
Kan Chanmeta, secretary of state at the Ministry of Posts and Telecommunication, attributed the increase in number of viable tech startups to the government’s recent efforts to streamline policy for the nascent sector.
“Our industry is still passive, and it’s still facing big challenges . . . for example, startups need to register, and many don’t,” he said, adding that the ministry would soon have “good news” for the tech industry on that front.

Source: The Phnom Penh Post

Apr 19, 2018

US investment fund looking to fund Myanmar projects with loans - up to $1 million

for more information, please contact evi@myanmar-business.org

Apr 9, 2018

European company looking for Myanmar partner to import and distribute Rose drinks

For more information, please contact evi@myanmar-business.org

 
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