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BEIJING: A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the South-East Asian nation, two senior Chinese industry sources said.
In a bid to increase foreign investment and accelerate the drive to liberalise its banking sector, the Central Bank of Myanmar yesterday announced that nine foreign lenders had been given licences to operate in the country
PETALING JAYA: Telecommunications network provider OCK Group Bhd, which announced its entry into Myanmar as well as Vietnam in June, has set up Well Synergy Resources Private Ltd under unit OCK International Sdn Bhd in Myanmar.
KUALA LUMPUR: The Malaysia External Trade Development Corp (Matrade) targets RM400mil worth of construction projects in Myanmar for Malaysian companies.
A SOCIAL venture in Myanmar is boosting farm outputs with customised technologies and giving loans for seasonal migration to raise incomes in one of the world’s poorest countries.
PETALING JAYA: After failing to clinch a telecommunications licence from the Myanmar government, analysts expect Axiata Group Bhd to use its cash reserves in other ways.
AS with any new market that is beginning to open up, Myanmar has been receiving its fair share of attention from investors, with most having only the foggiest idea of what to expect in a country where the military is still very much in power.
SHANGHAI: PepsiCo Inc PEP.Nis in talks to sign a bottling agreement in Myanmar, ramping up the competition with Coca-Cola Co KO.Nas they fight for market share in a country emerging from decades of isolation.