May 23, 2013
Taiwan's state-owned oil firm CPC Corp, expects a more stable supply of resources from its agreement to explore in under-tapped Myanmar.
CPC's agreement to buy a 30 per cent stake in a Myanmar gas and oil field from mainland China's state-run Sinopec Group. Three of six wells at Sinopec's central Myanmar field, known as Block D, have shown potential for oil or gas, CPC said in a statement following the April 24 agreement. Continue …
The most popular area for the serviced apartment market in Yangon is the Inner City area, where supply increased within only three years from nothing to approximately 370 rooms.
All serviced apartment projects in Yangon recorded high occupancy rates because of limited supply and high demand. New serviced apartment projects in Yangon are in the planning stages for completion in 2013-14.
After more than 50 years of stagnation Myanmar is finally opening its doors to investment from the outside world.
As well as sitting between the regional heavyweights of China and India, Myanmar offers incredible investment opportunities in energy, mining, infrastructure, agriculture, fisheries and so much more that led the International Monetary Fund to brand the country as Asia’s “final frontier”. Invest Myanmar Tapping a New Asian Tiger PDF
This extensive study carried out in Myanmar included around 1,000 consumers, 150 business owners and 100 NGOs. The study sought to measure awareness and attitudes towards consumer spending and allegiance to products produced in the ASEAN trading block.
This study set out the competitive landscape within Myanmar, profiling key players, channels to market, value chain, pricing analysis and market size.
Pyu Creek Dam Project in Pyu Township of the Bago Region on 16 March 2013. Deputy Minister for Agriculture and Irrigation U Khin Zaw oversaw land preparation and foundation work for diversion canals.
Kun Creek Diversion Project was also surveyed during installation of sluice gates and pouring concrete slabs.
Original Link Myanmar Ministry of Agriculture and Irrigation
A few excerpts from the article; Power requirements prompt rushing Yangon’s gas-fired plant Projects from ElevenMyanmar states, “Gas-fired power plant projects in the Yangon region are rushing to complete by the end of this year as the city requires more energy, according to an official from the Ministry of Electrical Power. There are about 1500 villages in Yangon suffering from daily power shortages,” the official said on condition of anonymity.
The article continues; Two power generators with a capacity of 120 MW each, were donated by Electricity Generating Authority of Thailand, and have arrived in Ywama Township where a gas-fired power plant will be constructed before end of this year. Three local power plant projects, which will complete this year’s end, will generate 50 megawatts (MW) each, and additional projects in Hlawgar, Ywama, and Tharkayta townships of Yangon.
Energy Storage Power Corporation’s (ESPC) offers a quickly implementable solution to Yangon’s pressing power requirements for gas-fired plants. New installed capacity takes time but there is a faster way to add to Yangon’s gas-fired power station output. “Power Augmentation” which can add Megawatts without having to install any new capacity. Continue …
Agriculture in Myanmar takes the lions share of the economy employing 61.2% of its total labor force.
Main objective of Ministry of Agriculture adn Irrigation (MOAI) is to increase crop production through germination and vigor testing of new seed varieties.
Net sown area of 12.02 million hectares with Cereal Crops covering the largest portion, with Pulses and Oil Seed Crops occupying the next largest segment.
“Mango yields are down by one-third compared with last year,” said U Kyaw Soe Naing of the Myanmar Fruit and Vegetable Producers and Exporters Association. Yields are down because we didn’t get enough rain,” he said, adding that the cost of land to grow mangoes on has also risen about 10% over the last year.
The mango export season is from late April to mid-July, with most fruit shipped to China, said Ko Khun Naw, owner of Shwe Thi Hann Kabar sales. He said a 15-kilogram box of loose mangoes was selling for 60 to 90 yuan ($10-15) on April 29. Continue …
Investment in oil, natural gas, and the power sector, coupled with increases in tourism, construction, and exports, continue to drive Myanmar's growth.
The investment environment has improved following reforms to unify multiple exchange rates and an easing of economic sanctions imposed on Myanmar by industrialized countries.
Considering these factors, GDP is forecast to continue to see steady growth ahead. Risks to growth momentum include a slower-than-expected progress in key economic reforms and possible adverse impact on trade, investment, and tourism. Continue …
If you are coming to Myanmar, you will have to fill out a Customs Declaration Form when entering the country.
The forms are straight forward and easy to fill out.
Prohibited items include: Drugs, Firearms, Pornography, Counterfeit Currency and Endangered Species.
Scans of Front and Back of Customs Form Continue …
