Yangon Switches On

YANGON — On the industrial outskirts of Yangon, a rusted chimney exhales wisps of white smoke as a three-decade-old gas-fired power station chunters on. Just meters away on the same compound in Thaketa Township, a low mumble, but nothing in the way of visible emissions, is coming from a row of 16 boxed-up gas-fueled engines—Austrian-produced […]

Myanmar approves new foreign investments in manufacturing sector

The Myanmar Investment Commission (MIC) approved new investments from six countries in the manufacturing sector between September 1 and 20, according to MIC reports. Businesses from Japan, Thailand, Singapore, Hong Kong, South Korea and the United Kingdom won the MIC’s approval to set up garment factories, automobile assembly plants, and manufacturing for construction materials. The […]