Weekly Business News from Myanmar

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  French cement giant, Lafarge, has opened repacking factory in Thilawa SEZ

  Lafarge, a French cement manufacturer, and two local companies – Aung Myin Thu and My Associates, have opened a repacking factory with a US$10-20 million investment in the Thilawa Special Economic Zone.
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  Obama is optimistic on change in Myanmar, more work to be done

  U.S. President Barack Obama said on Thursday he was optimistic about political change in Myanmar and called on the country's top politicians to push on with reform toward a free, inclusive and transparent election in 2015.
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  Investment Climate Reforms Needed to Promote Private Sector Development: WB Survey

  Reforms of Myanmar’s investment climate are urgent across a number of areas, especially access to finance, land, electricity and skilled workers, which were identified as the top constraints in a survey by the World Bank Group.
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  The Ministry of Hotels and Tourism will reform tender regulations of leasing state-owned hotels to private investors

  The Ministry of Hotel and Tourism will reform the tender regulations over leasing state-owned hotels to private investors, the ministry said.
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  France’s Accor Launches High-end Hotel MGallery in Nay Pyi Taw

  Asia-Pacific’s largest international hotel chain operator Accor said it has opened its high-end MGallery-branded hotel in Myanmar’s capital Nay Pyi Taw.
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  Thailand’s PTT Eyes Third LNG Terminal in Myanmar

  PTT PCL, Thailand’s biggest energy company, is looking to build a third liquefied natural gas (LNG) terminal in Myanmar to help secure energy supply in the Southeast Asian country, a senior executive said.
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  The Ministry of Commerce is planning to open a new border gate near Keng Tung in Shan State to promote trade with Thailand, officials have said.

  Thailand will open the Dein-Thein-Khun gate on its side in December to trade with the Mawtaung gate in Myanmar, Thai officials said.
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  EGAT Eyes LNG Import Project to Replace Myanmar Gas Supply

  Electricity Authority of Thailand (EGAT), the country’s largest power producer, is considering importing liquefied natural gas (LNG) and building a receiving terminal to replace gas supplies from Myanmar that are slated to end, its top executive said.
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  Myanmar, S Korea to Strengthen Bilateral Relations in SME Sector

  Myanmar and South Korea will promote bilateral relations in the country’s small and medium enterprise sector, the Union of Myanmar Chambers of Commerce and Industry (UMFCCI) said.
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  Thailand’s Krungsri to Open Rep Office in Yangon

  Thailand’s Bank of Ayudhya Public Co Ltd will open a representative office in Yangon to enhance bilateral trade and investment between the two countries, according to the Central Bank of Myanmar (CBM).