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Chang Beer gets green light to open breweries in Myanmar

http://www.elevenmyanmar.com/business/2356-chang-beer-gets-green-light-to-open-breweries-in-myanmar

Myanmar Investment Commission has given the green light for Thailand’s Chang Beer to open breweries and other beverage factories in Yangon and Mandalay regions as well Shan State, sources said.

They said permission was granted at the end of last month and that Beer Chang International Ltd. had formed a joint venture with Myanmar Distillery Ltd. to operate the factories.

It is estimated that up to 10 million cans of Beer Chang will be imported to Myanmar via the black market this fiscal year, according to one research study. Commerce ministry data estimates that almost eight million cans were illegally imported in the fiscal year 2010-2011.

Restrictive policies on the import of beer, alcohol and cigarettes have been a boon to the black market, officials say.

Imports of beer are rising about 20 percent a year, they say. About 16 million cans are imported to the black market annually, with the top brands being Beer Chang, China Beer and Beer Laos.
 

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AIS, True eye Myanmar market

http://www.elevenmyanmar.com/business/2334-ais-true-eye-myanmar-market

Advanced Info Service (AIS) and True Corp have joined the fray along with global telecom giants in submitting expressions of interest for telecom licences to be issued in Myanmar.

Somprasong Boonyachai, vice chairman of AIS board, said AIS had submitted an expression of interest to the Myanmar government.

True chief executive officer Suphachai Chearavanont said True also sent an expression of interest for telecom licences to the Myanmar government.

AIS chief executive officer Wichian Mektrakarn said that AIS submitted this expression of interest on January 25 and the Myanmar government already informed AIS it had received the submission. AIS was waiting for further details about the licensing.

He said it was the first time that AIS eyed develop a telecom business in the international market under its own name.

Thailand's largest cellular operator AIS is the flagship of InTouch, formerly known as Shin Corp.

Suphachai of True recently said that True group is keen to explore telecom and broadcasting businesses in Myanmar. He also visited the country last year to explore business opportunities.

Myanmar, which has over 60 |million people, recently invited foreign telecom operators to express interest for two telecom service licences.

The country has laid down |policy framework for the development of an telecom and ICT industry by promoting competition of both local and international operators in the sector. Its main goal is to boost the overall tele-density of the country to 75-80 per cent by 2015-2016.

According to the government's latest official data, the mobile base was 5.44 million subscribers at the end of December 2012.

"This year AIS has primarily focused on the Thailand's market and Myanmar is the only overseas market it is interested in," said Somprasong, who also serves as InTouch's executive committee chairman.

Wichian added that as the end of AIS concession was approaching and its subsidiary Advanced Wireless Network had clinched a 3G-2.1GHz licence in Thailand, it was a good time for AIS to expand overseas. The AIS concession will end in March 2015.

"We're confident that we're one of the strong regional telecom companies and can compete in the overseas market," he said.

Currently InTouch's satellite operator Thaicom has overseen the group's international telecom operation. Thaicom owns 49 per cent shares of Lao Telecommunications Co (LTC), while the Lao government owns a majority 51-per-cent stakes in LTC. Cambodia-based telecommunication operator Mfone, part of the Thaicom group, recently petitioned for insolvency proceedings in Phnom Penh after facing difficulties in an intensely competitive market and after failing to complete the sale of its shares to INT Management Service Company.

Bloomberg reported on January 25 that Singapore Telecommuni-cations, Malaysia's Axiata Group, ST Telemedia, a unit of Temasek Holdings in Singapore, and Norway's Telenor already submitted similar expressions of interest to the Myanmar government.

SingTel is AIS strategic partner. Temasek has controlled InTouch via its two associates, Cedar Holdings and Aspen Holdings - the latter two hold combined about 54.9 per cent stakes of InTouch.

Wichian said AIS' submission of an expression of interest to Myanmar did not conflict with the submissions by SingTel and Temasek, as this was AIS intention to step into the regional market.

Telenor group also confirms that the company has submitted an expression of interest to partici-|pate in the process of getting a licence to provide mobile telephony services in Myanmar, Glenn Mandelid, director of communications for Telenor in Asia told The Nation via e-mail.

"Myanmar is located in a region with a strong Telenor Group |presence and where we have 15 |years of experience from similar markets, we believe that we are |well-positioned to contribute in developing a successful mobile industry in Myanmar. It is encouraging that the government has started the process of awarding licences," he said.

Telenor is strategic partner of Thailand's second largest cellular operator Total Access Commu-|nication (DTAC).
 

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For a start...


Mudajaya's Myanmar power plant job set for 2014 takeoff
BY SHAREN KAUR Published: 2013/01/22
http://www.btimes.com.my/Current_Ne...130122003903/Article/index_html#ixzz2IoibAXiB



US$750m PROJECT IN MYANMAR: Mandalay region to receive up to 500MW under phase one, sources say

POWER plant and highway construction specialist Mudajaya Group Bhd will start developing phase one of its US$750 million (RM2.3 billion) coal-fired power plant project in Myanmar in the second half of next year.

It is understood that the special purpose vehicle (SPV) set up by Mudajaya and IJM Corp Bhd co-founder Datuk Koon Yew Yin will build the plant over several phases.

Phase one will supply up to 500 megawatts (MW) of electricity to the Mandalay region, sources said.

"Myanmar has an open market policy and the government has not limit as to how big we can build the plant. Depending on fuel supply and use, the plant could get bigger," a source said.

Mudajaya has a 70 per cent stake in the SPV while Koon holds the rest. Both parties last year inked a memorandum of understanding with the Mandalay government to set up two independent power plants in the Mandalay region and other suitable areas.

The first is a coal-fired plant and the second will be a solar-powered plant.

"For now, the focus is to build the coal-fired plant to meet the urgent power requirement. The feasibility study on the project started earlier this month and will be completed within 12 months.

"After the study is completed, the SPV will work on getting the power purchase agreement signed and the financial closure. The plant will be built in phases because of the market risk there," the source said.

Another source said Mudajaya is working out a financial structure for the project.

Mudajaya group managing director and chief executive officer Anto Joseph was not immediately available for comment.

For the nine months ended September 30 2012, Mudajaya's profits rose to RM189.9 million from RM164.5 million a year earlier.

Its revenue increased by 47.5 per cent year-on-year to RM1.35 billion, compared with RM916.4 million previously.

Mudajaya's balance sheet remained healthy with a net cash position of RM419.5 million, shareholders funds of RM1.09 billion and net asset per share at RM2.

The improved performance was driven by its construction division on the back of higher recognition of revenue and profits on work done.

Mudajaya is now bidding for projects worth more than RM5 billion in Malaysia.

Its construction order book as at September 30 2012 stood at RM2.8 billion.
Axiata seems to be only M'sian firm keen to invest in Myanmar telco sector
By B.K. SIDHU Wednesday January 16, 2013
http://biz.thestar.com.my/news/stor...sec=business#135842464682423769&if_height=202

PETALING JAYA: As scores of foreign investors race to jump on the burgeoning Myanmar economic bandwagon, it would seem that the only Malaysian company thus far to express interest to be party to the development of the telecoms sector there is Axiata Bhd.

Yesterday, the Myanmar government issued a notice to invite investors to express interest in two telecoms licences up for grabs.

The two licences are to be issued in the middle of this year and Axiata has till Jan 25 to express interest.

Axiata is likely to heed the “call”. In a statement issued yesterday, the telco said: “The government of Myanmar has asked all interested parties to submit an expression of interest by Jan 25 and Axiata will be doing so.”



The tender bid for mobile services is expected to open some time next month, with licences expected to be issued by the end of June.

Axiata is one of the five Malaysian telcos that had scouted for opportunities in Myanmar earlier. The other four are Telekom Malaysia Bhd (TM), Measat Satellite, Maxis Bhd and REDtone International.

TM was non-committal as to whether it would express its interest by the due date. In a statement, it said: “We are currently reviewing the circular and it is very premature to comment at this stage. For now, we are focusing on areas of potential commercial and business collaboration opportunities.''

Separately, it is learnt that the company is trying to establish a virtual node to help with the re-routing of traffic that now goes via an alternative link.

The REDtone boss in an SMS reply, meanwhile, answered: It is not in our plan,'' while response from Measat and Maxis was not obtainable.

Besides Axiata, hundreds of foreign investors are dashing to be party to develop Myanmar, the second-last bastion for foreign investors after North Korea. It is not certain when the latter will open its doors to foreign investors.

The licences to be issued will be for a 10- to 20-year period, with players required to commit to providing reasonable tariffs and low initial registration fees to facilitate accessibility and increase tele-density targets in both rural and urban centres.

The Myanmar government's objective is to increase overall tele-density to 75%-80% by 2015-2016. It also wants a strong ICT eco-system for both public and private users.

Alongside Axiata, several telcos from Europe, China, Japan and even Singapore are set to express interest. The fight for the two licences will be tough with even DiGi.Com Bhd's major shareholder, Telenor ASA, being an interested party.

Comments were not available yesterday but earlier, Telenor CEO Jon Fredrik Baksaas had told StarBiz that “Telenor has 15-plus years of experience in similar settings and cultures and we see possibilities in Myanmar. With our code of conduct and operational model, we can have a positive effect in the years to come ... ''

Being a latecomer, Myanmar can avoid making the mistakes its neighbours had made in the deployment of 2G and 3G networks. In fact, experts say Myanmar should just push ahead to deploy the more-advanced 4G network rather than backtracking.

By so doing, it would be able to bring broadband to every part of the country and would make a quantum leap by providing video, data and voice services.

Myanmar is coming up with a new telecoms law and is said to have duplicated Malaysia's Communications & Multimedia Act (CMA) (1998) as its new law.

At present, state-owned Myanma Posts and Telecommunications is the main telecoms operator in the country, while Yatanarpon Teleport a joint venture between local private companies and the government is the Internet service provider.

There are 5.44 million mobile subscribers in the country, representing a 9% penetration rate, while fixed rate is at 1% or 604,000 users. There are 678,000 mobile Internet subscribers in Myanmar.

In contrast, Cambodia's mobile penetration rate is 70%, Lao PDR's 87% and Thailand's over 100%, with both Malaysia and Singapore enjoying rates of over 130%.

The major hurdle to higher penetration rates in Myanmar is the high cost of SIM cards and limited telecoms infrastructure. The government, therefore, wants a commitment from the players for wider coverage and affordable services to be provided as it issues these two licences.
Scomi wins RM93.6m Myanmar contract
Published: 2012/12/07
http://www.btimes.com.my/Current_Ne...121207175212/Article/index_html#ixzz2ENyC1KS1

KUALA LUMPUR: Scomi Group Bhd's oilfield services business, under Scomi Oiltools, has bagged a RM93.6 million contract from PTTEP International Ltd.

In a statement today, Scomi said it would provide both its drilling fluids and drilling waste management equipment and related engineering services for three blocks in Myanmar, which commenced in the fourth quarter this year.

Scomi Oiltools Market Units President, Wan Ruzlan Wan Salaidin said the group was confident of providing the quality service as expected by the client.

"This successful win in support of PTTEP International's Myanmar operations is testimony to the quality of products and services that Scomi Oiltools brings as a service provider in the oil and gas industry.

"We're excited about the prospects of this contract, not only will we be able to be a dynamic partner to our client, but this also gives us the opportunity to give back to the communities through developing local human talent,” he added.

Scomi's oilfield services has a healthy order book of over RM1.7 billion and has participated in tenders in excess of US$1 billion. -- BERNAMA
Parkson unit in Myanmar joint deal
Tuesday November 6, 2012
http://biz.thestar.com.my/news/story.asp?file=/2012/11/6/business/12278330&sec=business

PETALING JAYA: A unit of Parkson Retail Asia Ltd, a 67.61% subsidiary of Parkson Holdings Bhd, has entered into an agreement with two companies to form a joint-venture company for the purpose of establishing and operating department stores in Myanmar.

A filing with Bursa Malaysia stated that the unit, Parkson Myanmar Co Pte Ltd, had sealed the agreement with Yoma Strategic Holdings Ltd (YSH) and First Myanmar Investment Co Ltd (FMI) yesterday.

Parkson Retail is listed on the Singapore Exchange.

The joint-venture company, to be named “Parkson Myanmar Investment Co,” would be a limited liability company incorporated in Singapore.

It would have an initial paid-up share capital of US$3 (RM9.19), with one share in the capital of the joint-venture company held each by Parkson Myanmar, YSH and FMI.

The share capital of the joint-venture company would subsequently be raised to US$3mil, following which Parkson Myanmar, YSH and FMI would invest accordingly to achieve a shareholding proportion of 70%, 20%, and 10%, respectively.

Parkson Retail said the subscription monies payable by Parkson Myanmar would be funded through internal resources.

It added the investment in the joint-venture company was not expected to have any material impact on the consolidated net tangible assets per share or on the consolidated earnings per share of the company for the financial year ending June 30, 2013.
Risda plans investments in Myanmar, Laos
Published: Monday September 24, 2012 MYT 5:06:00 PM
http://biz.thestar.com.my/news/stor...8&sec=business#1348494632537676&if_height=202

ALOR GAJAH: Rubber Industry Smallholders Development Authority (Risda) intends to expand its investment by developing rubber plantations in Myanmar and Laos. Its chairman Tan Sri Rahim Tamby Chik said the two countries were chosen as they have ample landbank with the potential to be developed into rubber plantation or undertake rubber replanting programmes.

"The investment involve the supply of technology and sharing experience as well as disclosure of Risda's rubber industry planting and replanting activities which has reached 40 years in the country," he told reporters after launching the state level "Kasihi Pekebun Kecil" programme.

He said the two-way cooperation is aimed at not only increasing investment opportunities and earnings, but also to foster solidarity and ecnomic collaboration between Asean countries by assisting those countries to overcome poverty.

Towards this end, he said Risda's subsidiaries, Estet Pekebun Kecil Sdn Bhd (Espek) and Risda Plantation Sdn Bhd (RPSB), will organise a four-day visit to the two countries from Oct 15, 2012 to explore investment opportunities there.

"The short visits are aimed at gathering information on the intiatives, the country's rule of law, as well as our rights as an investor in order that the investment to be made are beneficial to both countries," he said.

In other development, Rahim believed that the plantation sector, particularly Risda, will be given focus and additional allocation in Budget 2013 which will be presented in Parliament on Sept 28.

He said this is important to ensure that the development process in the plantation sector, which is now vibrant, is not halted.

"I believe Prime Minister Datuk Seri Najib Tun Razak has planned a careful budget in the context of fulfilling the promise to maintain a good livelihood especially among smallholders in the march towards 2020," he said. - Bernama
Felda Global in talks to buy land in Myanmar
By Zaidi Isham Ismail Published: 2012/08/28
http://www.btimes.com.my/Current_News/BTIMES/articles/20120828001618/Article/index_html



KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV), among the world's top three plantation companies by hectarage, is in talks to buy an initial 30,000ha of land in Myanmar to grow sugarcane, for a start.

The Myanmar expansion marks FGV's maiden venture abroad.

FGV, which is controlled by government-owned Felda Land Development Authoruty (Felda), is Malaysia's largest oil palm land scheme owner and manager since 1956.

FGV president and group chief executive officer Datuk Sabri Ahmad said for starters, the recently-listed entity plans to grow sugarcane and plant oil palm as it buys more land in Myanmar.

"We are in talks with a local partner and we plan to set up a joint venture. Talks are ongoing and we are conducting feasibility and technical studies," Sabri told Business Times recently.

FGV also controls listed MSM Malaysia Holdings Bhd, the country's largest sugar producer.

Sabri said the cash-rich FGV, which has a war chest of RM4.5 billion raised from its initial public offering (IPO) in June, is also looking and evaluating several parcels of land in Malaysia and Indonesian brownfields.

Sabri said last week that it plans to buy 150,000 hectares estate land over five years as part of its vision to emerge as the leader in the global oil palm industry with a total landbank of one million hectares by 2020.

Sabri said the potential Asean countries are Indonesia, Cambodia and Myanmar.

FGV, which produces seven per cent of the world's crude palm oil, currently owns 343,521 hectares of plantation land and manages another 500,000ha owned by 112,635 Felda settlers nationwide.

Sabri was part of Prime Minister Datuk Seri Najib Razak's entourage during the latter's official visit to Myanmar in April.

Prospects in Myanmar look good as the US is set to lift its economic sanctions on the military junta.

Felda is already trading palm olein, condensed milk, instant noodles and margarine with the country, via its cooking oil maker and distributor Delima Oil Products.

Myanmar owns 20,000 hectares of oil palm estates grown by a local company.

Meawhile, Sabri said the company is expected to announce its second quarter financial results ended June today.

In its first quarter ended March 2012, FGV saw net profit almost halved to RM192.1 million from RM359.0 million in the comparable period a year ago due to higher replanting and material costs.
 

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Some of Malaysia's largest companies that are very interested to invest in Myanmar:

1. Petronas

2. Kuok Brothers and Wilmar International

3. Felda and Felcra

4. Hong Leong Group (together with Guoco Group and Lam Soon Asia)

5. Maybank

6. CIMB Group

7. Sime Darby Group

8. IOI Corporation

9. Genting Group

10. YTL Group (and Starhill Asia)

11. S P Setia Group

12. Top Glove Group

13. Gamuda Group

14. Parkson Retail Asia Group (together with its parent Lion Group Malaysia - a former largest ever investor in Vietnam)

15. Berjaya Group

16. Scomi Group

17. PROTON (DRB-HICOM Group)

18. Texchem Group


Consider investing in Myanmar, Malaysian companies told
http://biz.thestar.com.my/news/story.asp?file=/2012/3/15/business/10917331&sec=business

Companies like water utility Puncak Niaga, glove maker Top Glove (world's largest), telco Axiata (Southeast Asia no.2), banker Public Bank, auto-assembler Tan Chong Motor, power plant developer Mudajaya, oilfield services SapuraKencana and airline AirAsia are closely monitoring the events in Myanmar.

Texchem Group (food ingredients),
Scomi Group (monorail and oilfield services),
Maybank (bank),
Pensonic Group (electrical appliances),
Khind Holdings (household product - electrical fan),
Mamee Double-Decker (snackfood),
Tan Chong Motor (auto),
Mudajaya (power contracting),
Marrybrown (fastfood) and
Zaid Ibrahim (legal services) - all have confirmed investing.



Many more Malaysian corporate is coming to Myanmar.
 

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TTW gushes to expand services to Myanmar

Published: 27 Feb 2013

YANGON : Thai Tap Water Supply (TTW) is considering the possibility of expanding to Myanmar.

Managing director Sompodh Sripoom said the SET-listed firm has looked at ways to invest in the neighbouring country, where private operators have not been allowed to invest in the tap water sector.

Since last year, privately owned TTW has been collecting data on what its investment structure and role should be in production, distribution and revenue collection in Myanmar.

A final decision will be made within the second quarter before submitting the proposal to the Myanmar government.

"The water industry is not like the real estate or department store businesses where you purchase land and start construction. It [water] is basic infrastructure provided by the government," Mr Sompodh said.

"We don't know the extent to which they will allow the private sector to get involved, although they do have those intentions."

Any investment would involve either a joint venture or a takeover, he said.

However, one of the concerns of doing business in Myanmar is financial transactions. Most are done in cash because not many financial institutions are established there.

TTW earmarked 23.8 billion baht for expansion over the next five years with an aim to boost revenue by 15% annually.

Around 65% of the budget will be used for the company's tap water business, with the balance allocated to alternative energy operations.

Alternative energy is expected to account for 35% of TTW's revenue within the next five years, Mr Sompodh said.

The company has cash on hand of around 5 billion baht and plans to issue 5 billion baht worth of debentures within the next five years. Another 12 billion baht will be raised through loans.

TTW expects its revenue to grow by 13-14% this year to 6 billion baht, of which 93% will come from water business and the rest from alternative energy.

Last year, it posted revenue of 5.2 billion baht with a net profit of 2.4 billion.

TTW supplies the Provincial Waterworks Authority in Nakhon Pathom's Nakhon Chaisi, Sam Phran and Buddha Monthon districts and Samut Sakhon's Muang and Krathum Baen districts.

It also has subsidiaries supplying treated water in Pathum Thani and Ayutthaya's Bang Pa-in.

Production capacity in Samut Sakhon and Nakhon Pathom totalled 440,000 cubic metres per day, with Pathum Thani producing 380,000.

Mr Sompodh said Thailand's water demand this year is expected to be on a par with last year at 100 million cu m per day.

http://www.bangkokpost.com/business/economics/337848/ttw-gushes-to-expand-services-to-myanmar
 

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Thai Tap Water Co.ltd. (TTW) is going to expand to Burma with the help from the mother company [Ch. Karn Chang PCL] - without clean water, the massive investment with the improved health is not possible - need to find a local Burmese partner for this utility investment - while TTW is planning to take over a private sector company in burma to allow TTW to set foot in Burma ..
http://www.thanonline.com/index.php...ttw--&catid=88:2009-02-08-11-23-46&Itemid=418

1 Year anniversary for Cotto Tile Investment of Siam cement Group in Burma with Cotto showrooms in Yangon, Mandalay, Naypyidaw plus at 5 mroe branches after opening the first 10 branches
http://www.prachachat.net/news_detail.php?newsid=1361934411&grpid=03&catid=07&subcatid=0700
 

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Boutique hotel opportunities for Thais

http://www.elevenmyanmar.com/business/2669-boutique-hotel-opportunities-for-thais



Abandoned colonial buildings in Yangon could be golden opportunities for Thai firms to turn them into hotels, which are in high demand to serve the rising number of visitors.

Myanmar is the latest destination on the list of travellers and businessmen from around the world as the country emerges from decades of isolation. Last year, over one million visitors made their way to the country, compared with 816,000 in 2011.

But Myanmar is suffering from a major shortage of hotel rooms. There are only about 28,000 rooms across the country. However, in every obstacle lies an opportunity.

Many long-neglected buildings, formerly government offices, line the streets of Yangon after government offices were relocated to the new capital of Nay Pyi Taw. These buildings were mostly built in the 19th century when Myanmar was part of the British Empire. They are rich in cultural heritage, built in the European style. There are 187 of them on the Yangon City Heritage List of old buildings and structures, waiting to be preserved.

The government has put some of these buildings up for lease or sale. As Myanmar is going through an economic transition, there is huge demand for office space and accommodation.

In Yangon, there are two main opportunities in the real estate market - development of medium-and big-size projects and construction and renovation of colonial buildings into boutique hotels or restaurants.

Thant Myint U, a well-known Burmese historian and chairman of the Yangon Heritage Trust, a non-governmental organisation that aims to promote and protect Yangon's architectural heritage as part of a comprehensive urban plan, last week urged the government to set up a framework to balance the demands of investors and locals.

"We have to make investors happy, make them confident that they can make money in the future and that people are protected in terms of public interest and we protect our beautiful city," he said.

As opportunities are made available, the Myanmar Investment Commission has pointed out that if SMEs are interested in Myanmar, they should not do it alone.

"It would be helpful if the SMEs do not come on their own but form an association. Together they can make it. They can twin with local companies here so they can pass the requirements," said Professor Aung Tun Thet, a member of the commission.

One of the major problems in transforming old buildings may not be capital but the ownership of the buildings.

"Many are in dangerous condition. How to acquire and lease property is the key to this," said Tony Picon of Colliers International Thailand.

A good example of the renovation of a colonial building is the US$350-million project by Serge Pun and Associates in conjunction with Singapore-listed Yoma Strategic Holdings, which is also owned by Myanmar tycoon Serge Pun.

The project includes the renovation of the old Railways Ministry headquarters and the development of FMI Centre and Grand Mee Ya Hta building. The aim is to turn these buildings into two office buildings, two serviced apartment towers, two hotels and one retail mall. It is set to become a landmark of Yangon.

The renovation of these buildings is likely to attract many tourists. However, there are some obstacles along the way.

"The first thing to do is to find out what we are dealing with because it has been here since 1896. It's 115 years old. Obviously, the old plan has been lost, so we engaged a lot of specialist companies to perform a preliminary investigation of the building structure and work out how to strengthen, repair and conserve it," said Paul Anslow, an engineer from Meinhardt Myanmar who is involved in the project.

The real construction work is likely to begin in six months. But it will take at least three to five years for the renovation to be finished. The overall development of the project may take longer.

To renovate the old buildings, money, expertise, time and other factors are very important. This raises the question of whether it is worth the investment to restore the buildings to put in use again.

Anslow said: "Primarily, you need to look at what was its original usage and condition, what its condition is nowadays, and what do you want to do with that building in the future. So, if it's still in good condition, perhaps there's not too much cost involved.

"However, if it's in poor condition, there's going to be a lot of investigation procedures required to bring that up to standard," Paul said.

With Yangon experiencing a hotel room shortage, many companies are accelerating construction to meet the high demand. However, according to a survey by Colliers International Thailand, most new construction projects are expected to finish later this year or within two to three years.

For new investors who may have an interest in turning old buildings in Yangon into business opportunities, some of the important steps to keep in mind are - prepare a business plan and required documents.

More details can be found at www.dica.gov.mm or www.mnped.gov.mm.

Thai firms should apply to the Myanmar Investment Commission for licence approval. To enjoy a better chance in negotiations, SMEs should join hands - find a local business partner via business matching. But most importantly, they need to study the laws, rules and regulations.

If Myanmar can find a balance between preserving heritage buildings and filling up high demand for office space and hotels, Yangon will definitely be one of the most prestigious cities in Asean.

This is the first of our series from Myanmar. Next is the soft drink war amid Coca-Cola and Pepsi's invasion.
 

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^^
Let's see whether Thai Hoteliers like Central Group and Dusitthani group can convert those heritage buildings into Boutique hotels
 

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If Thai contractors want to be prosperous in Laos, just simply built single houses to fit Laotians' tastes instead of coming up with Suburb villages ---- But Burma is another issue since the Burmese elites prefer to live within the suburb villages segregated from those Burmese underclass.

Singaporean contractors and real estate agents are the really serious rivals though
http://www.dailynews.co.th/businesss/188454
 

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Singkhorn checkpoint has the status raised to Permanent Checkpoint at par with Mae Sod - Myowadee - Effective in Mid April 2013.

This Singkhorn Checkpoint is going to boost Thai investment in Southern Part of Burma since this checkpoint is just 100 km from Tennisarim and 200 km from Mergui

This will compel Thailand to invest on Government Complex, road expansion, new checkpoint, waterworks, telecommunication and new quarantine - with first 15 million Baht for surveying and designing ...

Seafood from Mergui that passes Singkhorn Checkpoint is 2500 tons a year - 1500 tones ending up to Thai consumer via sea food processing industries at Mahachai and the rest gone to Malaysia. Thai custom house at Singkhorn now can levy the tariff on Seafood from Mergui to rival with Thai custom house at Ranong, with the targeted tariff raised from 200 Million Baht a year to 36000 Million Baht a year.

Next on the line for Thai investment in Mergui is the new power plant and waterworks to feed Burmese customers along with Thai investors who are going to invest on seafood processing as well as Thai Hoteliers in Mergui including the new 500 million Baht Thai Hotel in Mergui.

Now, many Burmese have migrated to Mudong checkpoint - boosting up Mudong village with 1000 souls into Mudong commune by 5000 new souls - with 1000 men are trading back and forth around this checkpoint.

http://www.thanonline.com/index.php...3-08-09-07-25&catid=136:a-tourisn-&Itemid=448
 

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New studies on Dawei megaproject

Cost estimate rises by 62.5% from 2 years ago

Published: 11 Mar 2013 at 00.00Newspaper section: Business

Thailand and Myanmar have agreed to revise all development projects in Dawei to make them more realistic and attractive for foreign investment.

New studies on the Myanmar megaproject will cover infrastructure including roads, a deep-sea port, water, power and industrial estates and must be completed this month.

The third meeting of the Dawei joint steering committee last Wednesday and Thursday decided all development projects need a review and additional analysis so as to ensure an accurate picture of revenue and expenditures for investors.

Analysis will cover demand for utilities, the structure for calculating utility prices, project investment and period, and technical information for the construction of utilities.

A source with knowledge of the committee meeting said previous projections by Italian-Thai Development Plc (ITD) for returns on investment for each project were quite high, while there remain discrepancies over project information.

Last week's meeting also agreed a holding firm or special-purpose vehicle (SPV) should be set up and based in Thailand to manage the huge deep-sea port and special economic zone, with subsidiaries in Myanmar to acquire concessions from the local government.

Investment will be handled by six joint ventures based in Myanmar to take charge of investment in infrastructure.

The joint ventures will be set up and registered in Myanmar to make them eligible for special investment privileges.

PM's Office Minister Niwatthamrong Bunsongphaisan said four countries including Thailand and Myanmar are interested in taking part in the SPV. One of the other two is outside Asia.

Arkhom Termpittayapaisith, secretary-general of the National Economic and Social Development Board (NESDB), said Myanmar's government seems to favour Japan.

Japan already has massive investment in Thailand, which has become a base for Japanese industry, he said.

Mr Arkhom said Myanmar's government is in the process of designating special economic zones that offer more flexible investment incentives and related infrastructure development such as motorways and telecommunications networks.

Earlier this year, an NESDB study commissioned by the House Standing Committee for Industry reported the investment cost for the Dawei megaproject is estimated to have increased to 325 billion baht from higher construction costs.

That figure is 62.5% higher than the 200 billion baht projected by ITD two years ago.

The first phase of the massive project will require 205 billion baht and the second phase 120 billion. This covers eight projects including the first phase of the deep-sea port costing 45 billion baht.

A road link from Dawei to Ban Phu Nam Ron in Kanchanaburi will cost 35 billion baht, while 5 billion baht will be needed for telecommunications.

Reservoirs will cost 14.2 billion baht, while 65 billion will be spent on double-track railways. Some 20 billion baht will be spent on industrial estates and 32 billion on power plants.

The investment in Thailand includes 45.5 billion baht for a motorway from Nonthaburi's Bang Yai district to Kanchanaburi province and 9.87 billion for a motorway from Kanchanaburi to the Ban Phu Nam Ron border checkpoint.

http://www.bangkokpost.com/business/economics/339803/new-studies-on-dawei-megaproject
 

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ITD holds 25% in Dawei joint ventures

Published: 11 Mar 2013

Italian-Thai Development (ITD) will hold at least 25% in eight joint ventures to be set up in Myanmar to develop infrastructure at the massive Dawei Special Economic Zone and deep-sea port during the first phase to open in 2016.

ITD president Premchai Karnasuta expressed relief on Monday that the Thai and Myanmar governments supported the project in eastern Myanmar. This would significantly reduce the financial burden on ITD.

Under the structures agreed by both governments, a special purposed vehicle (SPV) will be set up with the Thai and Myanmar sides holding a combined 60% with the rest from Japan and Korea.

China has also expressed an interest in participating, as well as other countries, he told a briefing on Monday.

Also, eight special purpose companies (SPCs) would be set up to manage infrastructure projects involving the deep-sea port, road and rail links, power plants, water facilities, industrial estate, telecom network and township.

http://www.bangkokpost.com/business/news/339905/itd-holds-25-in-dawei-joint-ventures
 

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Thailand, Myanmar agree to expand border trade

VIENTIANE, March 13 -- Thailand and Myanmar have agreed to boost border trade at potential areas and jointly push for a full effort to achieve the development of the Dawei Special Economic Zone.

Thai Prime Minister Yingluck Shinawatra and Myanmar Vice President Sai Mauk Kham held talks today on the sidelines of the 5th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit here in the Lao PDR capital.

During the bilateral talks, they discussed measures to develop Thai-Myanmar border towns and agreed to expand border trade at high potential areas such as at Mae Hong Son.

The two leaders also discussed the logistics and cross-border facilitation including the One Visa, One Stop service at Thai-Myanmar border checkpoints.

As for the development of the Dawei Special Economic Zone, both sides agreed to speed up the related plans to achieve the project such as special economic zone, infrastructure development, road network construction in order to complete the projects in time when the ASEAN Economic Community (AEC) is officially launched late in 2015.

Ms Yingluck and Mr Sai Mauk Kham also discussed illegal Myanmar migrant workers in Thailand and agreed to jointly solve the problem in a sustainable manner.

Thailand has extended deadline for 120 days to speed up the registration of an estimated one million undocumented Myanmar migrant workers in the country.

Thailand initially set a December 14, 2012 deadline for all Myanmar, Cambodian and Lao migrants to register and obtain proper documentation for working legally.

Ms Yingluck was scheduled to return to Thailand this evening. (MCOT online news)

http://www.mcot.net/site/content?id=51405038150ba0ef5d0002e2#.UUC499aBmpc
 

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PTTEP partners Mitsui to develop Block M3 in Myanmar

The Nation March 15, 2013 1:00 am

PTT Exploration and Production has announced Mitsui Oil Exploration as its partner for the development of Block M3 in Myanmar.

PTTEP International, a wholly-owned subsidiary of PTT and the operator and sole shareholder of the block, agreed to sell a 20 per cent stake to Mitsui Oil Exploration. The transaction is subject to an official approval from the government of Myanmar. Upon completion, PTTEP will remain operator of the block, holding a majority interest of 80 per cent.

Block M3 in the Gulf of Martaban covers 6,206 square kilometres. In 2011, natural gas was discovered in the exploration well, Aung Sinkha-2.

Naming the new partner "is a part of PTTEP's strategy in portfolio management, aiming to both add value to the project and manage risk. The project is currently progressing with the appraisal programme to evaluate the reserves potential," said Asdakorn Limpiti, executive vice president for Strategy and Business Development Group and acting president and Chief Executive Officer of PTTEP.

http://www.nationmultimedia.com/bus...ui-to-develop-Block-M3-in-Myanm-30201959.html
 

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Thai Baht has become currency of Choice in Burmese Foreign Exchange market - almost at par with US Dollar - Euro -Singapore Dollar - will be allowed for trading in Public and Private commercial Banks along with the legal Foreign Exchange facilities in Burma along with Chinese Yuan by the end of March 2013 to facilitate trades with China and Thailand - after both currencies have been circulated along the border. At the time being, central bank of Myanmar allows the trading of US Dollar, Euro and Singapore Dollar ...

http://www.manager.co.th/IndoChina/ViewNews.aspx?NewsID=9560000031948
 

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Thai government inviting Thai investors to settle down in Dawei Deep Sea Port - a sign that Japan may no longer want to handle Dawei Deep Sea Port other than technical assistance - so need massive Thai investments by Thai investors to pour more bundles of 1000 Baht Banknotes instead of the bundles of 10000 Yen notes to fill the vacuum
http://www.dailynews.co.th/businesss/193960
 

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Thai property firm to invest US$300m in Myanmar
Eleven Myanmar
Wednesday, 27 March 2013 23:52


Thailand’s Fragrant Property Ltd. will invest US$300 million in Myanmar to expand its property businesses here, it announced.

It is in talks with authorities on two major development projects in Yangon city, its chief executive officer, James Duan, said.

One project includes building a road from Shwedagon Pagoda to the port that will be promoted as a walking street and the other is a 50-floor multi-purpose building, he said.

“We are in the discussion process with the government to draft those mega-projects,” Duan was quoted by The Nation as saying.

The company has set aside $40 million for its two subsidiaries, Myanmar Fragrant Development and Myanmar Fragrant, to be registered in Myanmar.

Duan urged the government to set land prices at a medium level for investors.
Fragrant Group established Fragrant Property Ltd. in 2007 to facilitate new property projects. It began as Fragrant Park Ltd. in 2003 and became Fragrant Real Estate Development Group Ltd. in 2005.
 

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Indonesia Investments in Myanmar

Indonesia’s economy minister visits Naypyidaw to discuss doubling of trade
Wednesday, April 3, 2013
http://www.irrawaddy.org/archives/31314

Myanmar, Indonesia target 1 bln USD trade by 2016
2013-4-3

Myanmar and Indonesia are making efforts to promote the two countries' trade volume, which is targeted to reach up to $1 billion in 2016, official media reported Wednesday.

During a meeting between Myanmar Minister of Commerce U Win Myint and visiting Indonesian Coordinating Minister for Economic Affairs Hatta Rajasa in Nay Pyi Taw Tuesday, the two sides focused on signing a memorandum of understanding on rice trade, said the New Light of Myanmar.

According to earlier official report quoting the ministry, Indonesia has offered to buy 300,000 tons of rice from Myanmar and more amount will follow as demand for Myanmar rice in the Southeast Asian member country is on the rise.

Myanmar's rice export to Indonesia reached the peak between 2001-02 and 2005-06 but was almost none after 2005-06 for various reasons.

Myanmar could only export 2,125 tons of rice to Indonesia in the first three quarters of 2011-12 but it sharply increased to 1. 01 million tons in the same period of 2012-13.

"If that rate continues, Myanmar's rice export would hit 1.2 million tons, a record high in 40 years," a commerce official assumed.

Myanmar, which was once a major rice exporter, exported more than 1 million tons before 1956.

With a bilateral trade standing $472.96 million in the fiscal year of 2011-12, Indonesia was Myanmar's fourth largest trading partner among ASEAN members after Thailand, Singapore and Malaysia, statistics show.

Myanmar's import from Indonesia took $431.82 million, while its export to the Southeast Asian member country represented $40.94 million during the year.

Indonesia is also striving to promote direct investment in Myanmar in such areas as infrastructure and tourism and boost cooperation in forestry, agriculture and fishery.
http://www.globaltimes.cn/content/772642.shtml#.UVwcpaLfDY9
 
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