US-based Ball Corp to invest in Thilawa SEZ

Ball Corp, the American beverage cans manufacturer, will invest US$40 million to build its plant at Thilawa special economic zone, according to the company’s announcement on Friday in Yangon. “We are a leading manufacturer of steel and aluminium cans,” said a company official. The company signed a lease to set up its business in the […]

Western Union expands business in Myanmar

The Western Union, a financial services and communications company, has expanded its remittance business in Myanmar under the cooperation with nine local banks, the company said. The announcement coincided with the ceremony to mark the company’s one-year anniversary, held yesterday at the Park Royal Hotel and attended by officials from Central Bank of Myanmar and […]

World Bank gives $31.5m for telecoms

The World Bank will provide a US$31.5 million credit toward reforming Myanmar’s telecommunications sector by expanding access and making usage more affordable, it announced on February 6. According to a press release, the project will enable a competitive telecoms sector through regulatory reforms to be made in the development of the information, communication and technology […]

Big Year for Myanmar Economic Reforms

: Myanmar’s parliament reconvened on January 13 with some 30 crucial proposed bills on the table, among them the establishment of a special economic zone law, mining regulations and the revamping of the foreign investment law. One thing was abundantly clear, 2014 is going to be a busy year. The stage for continued economic reform […]