MYANMAR > South Korean group Lotte inaugurates the $200 million hotel in Yangon, Myanmar

lotte logo photoshop Lotte Group, the fifth largest conglomerate in food, retail and construction in South Korea, opens up its eighth hotel, Lotte Yangon, at a prime site next to Inya Lake with an aim to establish a foothold in the lucrative ASEAN market. It currently operates hotels in United States, Russia, Vietnam and Uzbekistan. Situated about 8 km from the Yangon International More …

MYANMAR > US based Ford Opens Factory in Yangon

Ford_Motor_Company_Logo.svg US automaker – Ford – launched a car assembly plant in Yangon on July 21, 2017 with an initial capital of US$ 10 million. The new assembly plant is located in the industrial zone in east Dagon Myothit.  Ford’s partner in the venture is Capital Automotive, a subsidiary of Myanmar conglomerate Capital Diamond Star Group. Ford also worked with Capital Motors Limited More …

MYANMAR > Japan’s Nissan to Invest on a $50M Assembly Line in Bago, Myanmar

nissan_logo According to Nikkei Asian Review, Japan based Nissan Motor is partnering with Myanmar based Tan Chong Motor to set up a 10,000 units assembly plant at an investment of about $50 million. The plan is to set up a new plant in Bago region targeted for launch in 2019. Nissan has been selling in Myanmar since 2013 primarily via importing of More …

MYANMAR > AIIB to Finance Energy Project in Myanmar

myingyan The Asian Infrastructure Investment Bank (AIIB) recently approved a US$20 million loan to finance a 225 MW Combined Cycle Gas Turbine Power Plant Project in Myingyan, Myanmar, co-financed with other Multilateral Development Banks and commercial banks according to AIIB’s press release. The power plant will be the largest Gas-Fired Independent Power Producer (IPP) in Myanmar and it aims to helps pacify the More …