Thai developer to build USD 270 million industrial site
Thai developer Amata Group will partner with the Ministry of Construction on a USD 270 million industrial center outside of Yangon. The Myanmar Investment Commission approved the “Yangon Amata Smart Eco City” on October 21st. The site wi
Government seeks to boost mining with new foreign permits
The Myanmar government will soon issue a wave of mining permits to foreign investors as it seeks to revitalize the industry. Starting in 2020, foreign firms will be allowed to explore and mine large-sized tracts of 500,000 acres, according to the Mya
Starbucks postpones Myanmar entry
Starbucks’s long-anticipated entry into the Myanmar market has been postponed once again. The coffee giant announced that it has extended its investment preparation period as it reconsiders opening its first cafes in the country. Starbucks has
Myanmar economy may expand as high as 7.1%
Myanmar’s economy has been growing and will continue to grow, says a report by the ASEAN+3 Macroeconomic Research Office (AMRO). The economy expanded by 6.8 percent in the 2018-2019 fiscal year, the report said, up from 6.5 percent in the previ
Thai Chang beer brewed in Yangon
Yangon’s new Emerald Brewery canned its first Chang beer on September 25th. Singaporean firm Fraser and Neave (F&N) invested US$70 million into the new facility, which will be brewing the famous Thai beer brand at a capacity of 500,000 hect
