Philippines’ DMCI eyes opportunities in Myanmar

Yangon crossing
Yangon faces a severe shortage of low-cost housing and condominiums

Manila-based infrastructure and property group DMCI Holdings has expressed its desire to venture into the Myanmar real estate sector, Philippine Business World reported on August 4.

The firm said it was it is looking for a local partner to tackle the shortage of housing in the country and set up condominium projects.

However, it added that it will study the potential investment “carefully.”

DMCI Holdings, which also operates in the power generation and mining sectors, is one of the largest infrastructure firms and developers in the Philippines.

The firm’s interest in Myanmar is shared with other Philippines conglomerates such as Ayala Corp. and First Pacific Co. Ltd. that both earlier in 2013 said they were interested in potential ventures in Myanmar, particularly in telecommunications and infrastructure.

Furthermore, the Myanmar government already approved a $30-million investment plan of Philippine food and beverage company Universal Robina Corp. to set up a unit in the country.



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[caption id="attachment_13756" align="alignleft" width="300"] Yangon faces a severe shortage of low-cost housing and condominiums[/caption] Manila-based infrastructure and property group DMCI Holdings has expressed its desire to venture into the Myanmar real estate sector, Philippine Business World reported on August 4. The firm said it was it is looking for a local partner to tackle the shortage of housing in the country and set up condominium projects. However, it added that it will study the potential investment "carefully." DMCI Holdings, which also operates in the power generation and mining sectors, is one of the largest infrastructure firms and developers in the...

Yangon crossing
Yangon faces a severe shortage of low-cost housing and condominiums

Manila-based infrastructure and property group DMCI Holdings has expressed its desire to venture into the Myanmar real estate sector, Philippine Business World reported on August 4.

The firm said it was it is looking for a local partner to tackle the shortage of housing in the country and set up condominium projects.

However, it added that it will study the potential investment “carefully.”

DMCI Holdings, which also operates in the power generation and mining sectors, is one of the largest infrastructure firms and developers in the Philippines.

The firm’s interest in Myanmar is shared with other Philippines conglomerates such as Ayala Corp. and First Pacific Co. Ltd. that both earlier in 2013 said they were interested in potential ventures in Myanmar, particularly in telecommunications and infrastructure.

Furthermore, the Myanmar government already approved a $30-million investment plan of Philippine food and beverage company Universal Robina Corp. to set up a unit in the country.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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