Japan’s Acecook to start instant noodle production in Myanmar in 2017

OSAKA — Acecook plans to begin making instant noodles in Myanmar in summer 2017. By switching from imports to local production and offering soups more akin to local tastes, the Japanese company hopes to win a 10% share of Myanmar’s growing market for instant-noodle products by 2020, selling the equivalent of 100 million servings a […]

New economic freedoms rouse Myanmar’s sleeping giant

Last week, Myanmar officials wore big smiles at the official launch of the Thilawa Special Economic Zone. They were jubilant that, at last, the nation has its first international-standard SEZ, equipped with all the infrastructure a major business needs – electricity, water supply and port facilities. The project is a joint endeavour, and much of […]

Japanese company to build logistics centre at Thilawa

Japanese company Daizen Myanmar will soon start construction of a logistics hub in Thilawa Special Economic Zone (SEZ). Thilawa, which is around an hour’s drive to the south of Yangon, is to become Myanmar’s first operational SEZ. The 2,400-hectare zone is jointly owned by Myanmar and Japanese public and private sector investors. Daizen Myanmar has […]

Japan agrees to sign JV contract for Thilawa SEZ

Myanmar Thilawa SEZ Holding Public Limited (MTSH) and Japan Thilawa SEZ Company Limited (JTSC) have reached an agreement to sign a joint venture agreement to operate the Thilawa Special Economic Zone. Japanese multinational corporations such as Marubeni, Mitsubishi and Sumitomo corporations are included in JTSC. MTSH and JTSC will form a joint venture company to […]

Angry Thilawah SEZ residents to take legal actions

Angry Thilawah Special Economic Zone (SEZ) residents and land-owners are preparing to take legal actions against the divisional government over compensation. “The Yangon divisional government informed us to wait for a week on August 23. They assured us that they would negotiate the best offer. We would contest a legal suit if they do not […]

Squatters stalling Thilawa consortium: Mitsubishi

Squatters yet to be evicted by the Myanmar government at the Thilawa Special Economic Zone are holding back Japanese private companies from joining the Mitsubishi-led consortium that operates 49 percent, a Mitsubishi spokesperson told Mizzima on Thursday. “We are going to invite other companies to join the consortium and also we are going to invite […]

‘Beauty contest’ for Myanmar’s telecoms bid

International telecoms giants have been roped into a pageant as they jostle for two operating licenses in Myanmar ahead of final bids in June, following an announcement from the government on Monday that the winners will be selected through a ‘beauty contest method’. The government has hired Roland Berger, Munich-based strategy consultants that employ a […]

12 firms pre-qualified for Myanmar 2 telco licence

Out of the 22 applications that were received – the Myanmar’s Ministry of Communication of Post and Telegraph has announced that 12 applicants have been pre-qualified to submit tender for the 2 telco licence. The pre-qualified firms are: Airtel Consortium Axiata Group Berhad Digicel (Soros’ Quantum Strategic Fund is part of this group) France Telecom-Orange […]