South Korean giant plans massive factories

The TAEKWANG and Huchems Company Group, the biggest corporation from South Korea, says it is planning investment of US$600 million to construct factories on 173 acres of land to produce business and consumer products in Thilawa special economic zone. The company says it will create 500 jobs for locals. The construction of the factories will […]

Border trade with China increases three-fold

Myanmar’s border trade with China has increased three-fold in this fiscal year, reaching nearly US$ 3 billion as of December 13, according to the Department of Commerce and Consumer Affairs. The total trade figure hit US$2.88 billion between April 1 and December 13, in which export to China accounted for US$1.94 billion while import made […]

Japanese entrepreneurs to visit Myanmar for potential investment

Business people from over twenty Japanese firms will visit Myanmar to explore investment opportunities, according to Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). About 50 business people from 20 industrial sectors, such as machinery, electric and power, construction and garment, will be led by the Executive Vice President of Japan External […]