Dawei SEZ impeded as Italian-Thai incapable to finance alone

DAWEI—Myanmar is going to invite more international investors to participate in the Dawei Special Economic Zone Project as Italian-Thai Development (ITD) has proved unable to fund it alone, officials told a press conference on Monday. The implementation of Dawei SEZ and its related projects has been delayed as ITD faces financial constraints. The project is […]

Italian-Thai will have to submit bids: project chairman

Two companies formed by the governments of Myanmar and Thailand will take over as the main developers of the Dawei Special Economic Zone, project chairman U Aye Myint told a news conference in Yangon on December 2. The companies – Special Purpose Vehicle (1) and (2) – would take over the project’s development from Italian-Thai […]

ITD remains committed to Dawei

Italian-Thai Development Plc (ITD) has confirmed it has not withdrawn from the Dawei deep-sea port project in eastern Myanmar, brushing aside previous reports that it intends to pull out of the project… A senior executive in charge of the Dawei project at ITD, Thailand’s largest construction company, yesterday told the Bangkok Post the company has […]

Banking conference touch upon the 2 contrasting face of Myanmar

Investors, bankers, entrepreneurs, consultants, delegates and businessmen—all flock to conquer a stake in the world’s final financial frontier. Buzzing with excitement, 250 guests from 10 countries gathered on July 16 at the inaugural Myanmar Banking and Finance conference at the Trader’s Hotel in Yangon, here to learn of Myanmar’s banking and financial reforms, foreign exchange […]