Land prices in Kyaukphyu SEZ jump 50 per cent amid competitive buying

LAND within the demarcated area of the yet-to-be-built Kyaukphyu Special Economic Zone (SEZ), located in Myanmar’s western Rakhine State, went on sale in January of this year to competitive purchasing, which has brought the value of land up by nearly 50 per cent in the last four months, according to real estate agents. “News spread […]

Gas turbine in Thilawa SEZ to distribute power starting in May

THE construction of a natural gas turbine in the Thilawa Special Economic Zone (SEZ) is over 89 per cent complete. The gas turbine is expected to distribute power starting in May. “A power supply of 20 megawatts was received from the government. A 50-megawatt gas plant has been built with the assistance of a JICA […]

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 […]

Chinese-led group to build Indian Ocean port, industrial park

Myanmar has chosen a consortium of mostly Chinese companies to develop a special economic zone sitting near plentiful offshore natural gas reserves. The Kyaukphyu zone, in the western state of Rakhine, already has an oil and gas pipeline connecting it to China, whose influence over southern neighbor Myanmar could grow as a result of the […]

Finally? Kyaukphyu SEZ Tender Due Next Week, Official Claims

RANGOON — Successful bidders for development of the Kyaukphyu Special Economic Zone (SEZ) will finally be announced next week, an official has claimed, after an opaque and long-winded tender process beset by delays. After bidding for the project, slated to include an industrial zone, a housing estate and two deep sea ports on Ramree and […]

Kyaukphyu SEZ tenders continue despite protests

The final tender results for the Kyaukphyu special economic zone (SEZ) project will be announced this month, despite calls from civil society groups for the project to be postponed, a member of the tender selection committee told The Myanmar Times. The tender selection committee expects to the ground-leveling process to start in February, so that […]

Japan’s participation in Thai-Myanmar Dawei economic zone to boost confidence in project

The official participation of Japan in a special economic zone in southeastern Myanmar initiated by Myanmar and Thailand will bring confidence and attract investors to the project, the Thai delegation said Monday after a trilateral meeting here. Thai Transport Minister Arkom Termpittayapaisith told a press conference that following Japan’s decision earlier this year to participate […]

Low-quality rubber holds back tyres

In Myanmar hundreds of thousands of hectares of land is leased to investors for rubber plantations, often in controversial circumstances. Just 8 percent of total production is used within Myanmar, with the rest sent to China, 70pc of which is low quality, said U Khine Myint, secretary of the Myanmar Rubber Planters and Producers Association […]

IKBZ facilitates the growth of Myanmar’s insurance sector

Myanmar’s insurance sector dates back to the 18th century, but only recently has foreign investment been granted, opening up and creating opportunities in the market The insurance sector in Myanmar has been active for quite some time, perhaps surprisingly so for those not familiar with the market. Following the signing of the peace treaty of […]

2nd Thai-Myanmar bridge signed

Transport Minister Arkhom Termpittayapaisith signed an official agreement on Thursday for the construction of a second Thai-Myanmar bridge across the Moei River from Mae Sot district of Tak province. The minister said he signed the deal with Myanmar Construction Minister U Kyaw Lwin in Naypyidaw on Thursday. Thailand’s Highways Department is responsible for the construction […]