Monday, 14 January 2013 13:10 Khin Myo Thwe
Several Singaporean companies have indicated an interest in investing in the high-end construction business and other industries in Burma, a notable advancement from previous Singapore firms which chose mostly to steer toward the construction of hotels.
That was the message conveyed when a group of the island state’s business representatives led by Wilmar Investment Holding Pte Vice- Chairman George Yeo met Myanmar Investment Commission (MIC) Chairperson Soe Thein on January 11.
“The Singapore investors suggested that they would like to invest in world-standard hotel constructions in Yangon, Mandalay and Bagan-Nyaung Oo; palm oil refineries in the Thilawa industrial zone in Yangon Region; sugar refineries and high-tech industries in Sagaing Division; and rice and rice-product industries in Pegu and Irrawaddy Divisions,” said an MIC spokesperson.
He said they also showed an interest in constructing high-standard factories, refineries and plants to cater for the following industries: oil & oilseeds; animal feed; wheat; beans, lauric oil; and fertilizer.
In 2011, Singapore firms were involved in 10 of the 26 hotels that were passed for construction under agreements made with Burma’s Ministry of Hotels & Tourism.
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Related articles:
http://www.mizzima.com/business/8353-singaporeans-look-to-burmese-energy-banking.html
http://www.mizzima.com/business/7212-singapore-ready-to-invest-more-in-burmas-hotel-sector-reports.html
Several Singaporean companies have indicated an interest in investing in the high-end construction business and other industries in Burma, a notable advancement from previous Singapore firms which chose mostly to steer toward the construction of hotels.
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| Construction workers lay the foundations for a new high-rise building near Strand Road in downtown Rangoon. (Photo: Mizzima) |
That was the message conveyed when a group of the island state’s business representatives led by Wilmar Investment Holding Pte Vice- Chairman George Yeo met Myanmar Investment Commission (MIC) Chairperson Soe Thein on January 11.
“The Singapore investors suggested that they would like to invest in world-standard hotel constructions in Yangon, Mandalay and Bagan-Nyaung Oo; palm oil refineries in the Thilawa industrial zone in Yangon Region; sugar refineries and high-tech industries in Sagaing Division; and rice and rice-product industries in Pegu and Irrawaddy Divisions,” said an MIC spokesperson.
He said they also showed an interest in constructing high-standard factories, refineries and plants to cater for the following industries: oil & oilseeds; animal feed; wheat; beans, lauric oil; and fertilizer.
In 2011, Singapore firms were involved in 10 of the 26 hotels that were passed for construction under agreements made with Burma’s Ministry of Hotels & Tourism.
_______________________________________________________________
Related articles:
http://www.mizzima.com/business/8353-singaporeans-look-to-burmese-energy-banking.html
http://www.mizzima.com/business/7212-singapore-ready-to-invest-more-in-burmas-hotel-sector-reports.html
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