US$ 258 million in Japanese investments made into Thilawa Special Economic Zone

JAPANESE companies have invested over US$ 258 million in 25 enterprises operating out of the Thilawa Special Economic Zone beginning from November of the 2014-201 FY to July 2016, according to Directorate of Investment and Company Administration. The total invested amount in the Thilawa (SEZ) is currently US$830 million from 14 foreign countries. Singapore tops […]

Taiyo Nippon Sanso to turn out industrial gases in Myanmar

TOKYO — Taiyo Nippon Sanso will begin producing industrial gases in Myanmar in 2018 as demand looks to expand. The gas producer will establish a local affiliate within the year and bring in equipment to operate a plant in the Yangon area, investing a total of 1 billion yen ($9.78 million). With Japanese companies increasingly setting up operations in Myanmar, Taiyo Nippon Sanso expects steady […]

Toyo Construction, JFE to build port in Myanmar

TOKYO — Toyo Construction and JFE Engineering have received an order from the Myanmar government to build port facilities in a special economic zone near Yangon. The order, valued at about 14 billion yen ($117 million), was awarded to the Japanese companies via competitive bidding. The project will be funded by Japan’s official development assistance […]

Experts warn Myanmar’s opposition victory could affect Japanese businesses

In the wake of Myanmar’s ruling party conceding defeat to Aung San Suu Kyi’s opposition forces in the nation’s first free general election in 25 years, Japanese experts say it could have mixed repercussions for Japanese companies investing there. “We lost,” Union Solidarity and Development Party (USDP) leader Htay Oo, a close ally of President […]

JLT to Provide Reinsurance Service in Myanmar

Jardine Lloyd Thompson (JLT) plans to offer reinsurance services to state-run Myanmar Insurance Enterprise (MIE), the British insurance firm said after it opened its representative office in Yangon on September 12. The company joins a growing list of international insurers that have established local offices in Myanmar after the country opened its doors to foreign […]

Underwriters under the microscope

The chosen firms are now being vetted by other government departments to ensure they are being funded through clean money, he said in an interview yesterday. Dr Maung Maung Thein also declined to announce which firms have been selected, saying only that the information will be available on October 1. A total of 20 applications […]

Japanese Firms Strike Hi-Tech Power Plant Deals with Myanmar

Two Japanese companies have agreed deals to develop advanced coal-fired power plants in Myanmar and Malaysia as part of a government drive to export energy-efficient technology to emerging markets, a report said. The Japanese government is seeking to promote the export of ultra-supercritical (USC) pressure technology power plants to meet expected growing demand in emerging […]