Myanmar’s New Economic Zone Attracts Foreign Interest But Local Ire

YANGON (Thomson Reuters Foundation) – Looking north from Myint Win’s farm, across rice paddies and past bamboo huts, a massive new industrial development on the outskirts of Myanmar’s biggest city gleams in the distance. The buildings sprang up during the first phase of developing the Thilawa Special Economic Zone (SEZ), a 6,200 acre (2,500-hectare) industrial […]

Emerging markets telecom news and analysis – Developing Telecoms

Myanmar-based broadband provider Burst Networks has ordered a multi-million dollar data centre from Flexenclosure. The Danish infrastructure specialist is delivering its eCentre solution, a customised prefabricated modular data centre. The centre will be constructed in the Thilawa Special Economic Zone (SEZ) on the outskirts of Yangon and will be the first ever Tier 4 data […]

US$ 258 million in Japanese investments made into Thilawa Special Economic Zone

JAPANESE companies have invested over US$ 258 million in 25 enterprises operating out of the Thilawa Special Economic Zone beginning from November of the 2014-201 FY to July 2016, according to Directorate of Investment and Company Administration. The total invested amount in the Thilawa (SEZ) is currently US$830 million from 14 foreign countries. Singapore tops […]

Singaporean businesspeople tend to boost trade, investment in Myanmar

SINGAPOREAN businesspeople are showing an increased interest in making investments in Myanmar. Singapore has invested a total of US$13,286.354 million, according to U Zaw Min Win, Vice President of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry. “Singaporean firms tend to invest more here.” said the UMFCCI Vice President, […]

Two low-cost housing projects put out to tender

The Urban and Housing Development Department put two low-cost housing projects out to tender on Monday. The deadline for bids has been set on September 30. The winning bidder will build affordable apartment complexes on 31 acres of land in the Thilawa Special Economic Zone in Thanlyin Township and on 23 acres of land in […]

Taiyo Nippon Sanso to turn out industrial gases in Myanmar

TOKYO — Taiyo Nippon Sanso will begin producing industrial gases in Myanmar in 2018 as demand looks to expand. The gas producer will establish a local affiliate within the year and bring in equipment to operate a plant in the Yangon area, investing a total of 1 billion yen ($9.78 million). With Japanese companies increasingly setting up operations in Myanmar, Taiyo Nippon Sanso expects steady […]

Mekong nations and South Korea eye up Myanmar’s investment potential

Yangon, July 1 – Mekong region countries, together with South Korea, have expressed an interest towards investment in Myanmar’s manufacturing sector, the Myanmar Investment Commission (MIC) has made it known. The fourth Mekong-ROK Business Forum recently took place at Yangon’s Novotel Hotel during which talks and negotiations were held between business entrepreneurs for the possibility of investment between Mekong […]

Singapore is leading investor in Myanmar’s Thilawa economic zone

YANGON – Singapore is the top investor so far in a huge industrial zone on the outskirts of Yangon, the Eleven Media Group reported, citing the country’s Directorate of Investment and Company Administration. Housing everything from children’s toy manufacturing to a car assembly plant and a deep sea port, the US$1.5 billion (S$2 billion) Thilawa […]

Two river pump projects to supply clean water to Yangon

To satisfy increasing demand for water in Yangon, the Yangon City Development Committee is planning to implement water-pumping projects in the Kukkowa River and Toe River this fiscal year. The two projects will have the capacity to distribute 100 million gallons of water daily. The Kukkowa project will supply 60 million gallons daily to Hlaingthaya, […]

Chinese power in Myanmar

Economic development and manufacturing in Myanmar is due to get a boost in 2018 when the country’s largest power plant comes online, thanks to a joint venture between China and a local company. China’s Union Resources and Engineering Company will bring technological and engineering prowess to the project it is partnering with U Energy Tharketa […]