Environmental groups slam Myanmar’s first coal plant
Environmental and civil society groups are criticizing the environmental impact assessment (EIA) for Myanmar’s first coal power plant. Chinese firm Wuxu Huaguang Electric Power Engineering commissioned the EIA after it took over the power plant
China to invest USD 130 million in agriculture
A Chinese state-owned enterprise will invest in three agricultural centers around Myanmar valuing USD 130 million. The Chinese CITIC Construction Group will partner with the Myanmar Rice Federation (MRF) and the Myanmar Agribusiness Public Corporatio
Filipino giant to partner with Myanmar tycoon
A major Filipino corporation will invest USD 238 million into two companies owned by Serge Pun, one of Myanmar’s tycoons. The investment will bring the combined value of those companies to more than USD 1 billion, according to the Financial Tim
DHL opens new Yangon warehouse
Global logistics and shipping giant DHL Supply Chain will ramp up its Myanmar presence with its first warehouse in Myanmar. DHL has invested MMK 1.58 billion into the multi-use site, which is located in the Dagon Seikkan Industrial Zone in Yangon. It
Tycoon will continue paying dividends to investors despite slump
A company owned by one of Myanmar’s richest men will continue to pay high dividends to investors despite sinking profits. U Khin Shwe, chairman of the National Development Company Group, made the announcement at the company’s annual share
