After decades of decay, Myanmar bets on Thilawa to lead industry boom

From the banks of the Yangon River rises Myanmar’s great economic hope, a $1.5 billion manufacturing complex designed to lure investment and help the impoverished country compete in the global marketplace. The first phase of the 2,400-hectare (5900-acre) Thilawa Special Economic Zone (SEZ), an hour from the commercial capital Yangon, is only months away from […]

US commerce head touts stronger ties

US secretary of Commerce Penny Pritzker oversaw the opening of a commercial services office in Yangon on June 6 as the US looks to strengthen economic ties with Myanmar after decades of severely limited engagement hampered by strict sanctions. The commercial services office will operate out of the US Embassy in Yangon and will serve […]