Myanmar and Kazakhstan agree to develop tourism cluster

ASTANA. KAZINFORM – The Kazakh delegation headed by the Ambassador of the Republic of Kazakhstan to the Kingdom of Thailand Marat Yessenbayev has visited the Republic of the Union of Myanmar, the press service of the Foreign Ministry informs. During the visit to the capital city of Myanmar Naypyidaw Marat Yessenbayev met with the Minister […]

Toyo radiator plant to locate in Thilawa SEZ

Toyo, a business conglomerate from Japan, will invest and construct its plant for car radiators in Thilawa special economic zone, said Ichiro Maruyama, minister-counsellor at Japanese embassy. “Japan’s leading manufacturer for motor parts is preparing to build its plant in Thilawa SEZ. Myanmar Japan Thilawa Development is in talks with the company. The plant would […]

US to open foreign trade service branch in Myanmar’s Yangon

YANGON, June 6 (Xinhua) — The United States will open a foreign trade service branch in Myanmar’s Yangon in a bid to boost trade ties with the Southeast Asian nation, according to state media Friday. It was touched upon when Myanmar President U Thein Sein met with visiting U.S. Commerce Secretary Penny Pritzker in Nay […]

Former Norway Envoy’s Telenor Move Raises Eyebrows

The May 16 announcement that Norway’s former ambassador to Myanmar, Katja Nordgaard, will soon take a position with Telenor, the majority state-owned Norwegian telecommunications firm that signed a lucrative deal with Myanmar’s government last year, has prompted concern from some quarters about the ethics of what they see as just the latest example of an […]

Thai investment in Myanmar slowing

Thai investment in Myanmar, officially known as Myanmar, is likely to lag behind other countries, from second highest for accumulated value in Myanmar’s direct investment to eighth this year if it keeps investing at the current pace. Despite the steadily increasing clip of Thailand’s foreign direct investment (FDI), the growth is considered relatively low compared […]

Myanmar-China gas pipeline starts to deliver gas to China

MANDALAY, Myanmar – A Myanmar-China natural gas pipeline (Myanmar section), co-invested by six parties from four countries including China, Myanmar, South Korea and India, was inaugurated in northern Myanmar’s Mandalay on Sunday and started to deliver gas to China. At about 4:12 pm (local time), Myanmar Vice President U Nyan Tun, Energy Ministers U Than […]

China, Myanmar sign business contract on building locomotive, coach plants

China National Machinery Import and Export Corporation (CMC) and Myanmar Ministry of Rail Transportation on Wednesday signed a business contract in Nay Pyi Taw on building a plant each for producing locomotive engines and coaches. The project will be implemented at buyers’ credit loan preferentially extended by the Chinese government. CMC President Wang Xusheng and […]

Israel aims to make its mark in Myanmar

Since the recent opening up of the country, Myanmar has been receiving tremendous interest from investors, conglomerates and countries around the world who are vying for a piece of the last frontier in Asia. The US and EU governments have been making attempts aggressively to normalize their relations with the former pariah nation by lifting […]