Manufacturing funds to double

Foreign investment into the manufacturing sector this year has already more than doubled all of last year, said director general U Aung Naing Oo of DICA, the Directorate of Investment and Company Administration. From April through September, nearly US$1.8 billion has flowed into the country, of which nearly $1 billion has gone to manufacturing, compared […]

Yangon factories may be forced to shut if power cuts continue

Many factories will be forced to shut down if major power cuts in Yangon’s industrial zones continue, said officials from the Hlaingthaya Industrial Zone Committee. Myat Thin Aung, the chairman of Hlaingthaya Industrial Zone Committee said, “The problem has occurred every year since 2000, but it has gotten worse—electricity can be cut off for 24-hours […]