More transparency needed from local business: MCRB

A select few Myanmar firms display a higher level of transparency than most of their ASEAN peers, but many large companies continue to show little interest in disclosure – even when legally required – according to a recent report from the Myanmar Centre for Responsible Business (MCRB). There is huge variation in the approach Myanmar’s […]

Small industrial zones lack government support

Investment should be directed toward upgrading the country’s ageing industrial zones, as the government contemplates launching new ones, say Yangon industrialists. As the Yangon Region government and Myanmar Investment Commission (MIC) mull the regeneration of the country’s industrial base, the owners of existing factories say more can be done to make them competitive. U Ko […]

Suzuki to establish factory in Thilawa SEZ

SUZUKI has announced that it plans to expand its business in Myanmar by building a manufacturing factory of automobiles and motorcycles in the Thilawa Special Economic Zone (SEZ). “Suzuki began manufacturing automobiles and motorcycles in Yangon South Dagon Township in 1999. Although a 12-year investment agreement was due, we have been trying to make automobiles […]

Thilawa SEZ phase two nears completion

The first phase of the 400-hectare Zone A was finished last September and the second phase is almost complete, said U Thein Han, chair of Myanmar Japan Thilawa Development (MJTD). More than 85 percent of the land in Zone A has been reserved by 69 light-industry manufacturers from across the globe, he said. Of these, […]

Vietnamese company to build animal feed processing plant in Yangon

The Myanmar Aqua Feed Association has announced that Green Feed Viet Nam Corporation will team up with the Fisheries and Feed Development Public Company to build an animal feed processing plant in Yangon. “We are striving to work together with a Vietnamese company to ensure an adequate supply of animal feed within the country.  The […]

Japanese civil engineering group draws design for New Yangon City Project

A group of Japanese civil engineers is drawing up the design for the New Yangon City Project, which will take 10 to 15 years to complete, according to Khin Maung Thant, director of the Yangon North-West Region Development Company, which is handling the project. The new project will start this year. It was contracted by […]

China and Myanmar’s SEZs: strategic partnership or can of worms?

Since coming to power in 2011, Myanmar’s President Thein Sein has distanced the country from its previously tight-knit relationship with China in favour of rapprochement with the west and Japan. Yet the past few months have seen a determined push by Beijing to re-engage Myanmar economically and politically, reminding Naypyidaw that it sees the country […]

Few firms ready for March IPO, says SEC

Only two or three companies will be ready to list on the Yangon Stock Exchange by March, when trading is expected to start, according to an official at the Myanmar Securities and Exchange Commission (SEC). Six companies have been approved to list on Yangon’s new stock exchange, and officials had originally hoped those firms would […]

Thilawa economic zone to open in June

YANGON — The first special economic zone in Myanmar will be put into commercial operation by the end of June, an official said on Thursday. “Construction of eight local and foreign factories on phase 1 of Thilawa SEZ is almost finished,” said Thein Han, managing director of Myanmar Thilawa SEZ Holdings Public Limited. Phase 1 […]

Thilawa SEZ receives 40 firms from 11 countries

Myanmar’s attempts to become a manufacturing hub are likely to come true in a few years as 40 firms from 11 countries have so far signed an agreement to invest in its major special economic zone. Thilawa SEZ is still attractive to international firms as 83.4 per cent of its Phase I implementation was completed […]