Work on Thilawa ‘Zone B’ to begin after rainy season

The investors behind Myanmar’s first special economic zone will start accepting proposals for factories in second zone known as “Zone B” at the end of the rainy season, as both phases of “Zone A” near completion, with US$760 million in foreign investment committed to the project so far. Myanmar Thilawa SEZ Holdings chair U Win Aung told The […]

Private gas-fired power project adds 230MW to national grid

A new privately run gas-fired power plant has joined the national grid system, boosting Myanmar’s power capacity, according to state newspapers. In 2011, Myanmar had 10 state-owned gas-fired power plants, with a total capacity of 270 megawatts (MW). Since then, 10 privately run gas-fired power plants have been connected to the national grid, bringing total […]

Yoma Unveils Third Phase of Star City Development

Yoma Strategic Holdings Ltd has unveiled new residence towers in its flagship development project located in Thanlyin township in the outskirts of Yangon. Sales for the “Galaxy Towers”, the third phase of the Star City estate, launched on February 14 following the sales of the project’s Zone A and B units. The Singapore-listed conglomerate said […]

Environmental assessment for Second Phase of Thilawa SEZ underway

The management committee members for Thilawa Special Economic Zone said they are going to discuss with the relevant officials on strategic environmental assessment for implementing the second phase of Thilawa SEZ. The stakeholder meeting for the assessment will be convened on June 30 at the No. 2 Sub-Land Office (an interim office for Thilawa SEZ […]

Private Banks need to prove they are clean as only 12 out of 22 in the top taxpayers list

Of the 22 private banks in Myanmar, only 12 have been listed as top taxpayers, according to the Ministry of Finance and Revenue. According to documents covering the 2011-2012 fiscal year, only 10 private banks are included on the official top 100 income taxpayers list. Only 12 private banks are included on the official top […]