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 […]

Securities Commission Says Foreigners Cannot Buy Shares This Year

NAYPYIDAW — The Securities and Exchange Commission of Myanmar (SECM) will not allow foreigners to buy shares on the Yangon Stock Exchange (YSX) this year, said Maung Maung Win, deputy minister of the Ministry of National Planning and Finance. Only two companies have listed on the YSX to date—First Myanmar Investment (FMI) and Myanmar Thilawa […]

In Mon State, expanding quarries threaten farms

On a recent afternoon in May, the farmers of OhnTitbin Village Tract were tending to their betel nut and rubber plantations when a loud blast erupted at the foot of Kalama Mountain and shook the ground. Workers had set off an explosion in a local quarry located about 10 km away and a cloud of […]

Thailand reaffirms Dawei plans, but does Myanmar?

“The governments of Thailand and Myanmar reaffirmed that the Dawei megaproject will create thousands of jobs and improve the livelihoods of people along the border,” according to Thailand’s caretaker Prime Minister Gen Prayuth Chan-ocha. Prayuth was speaking at a joint press conference in Bangkok on Friday. Myanmar leader Aung San Suu Kyi also addressed reporters, […]

Shareholder structure could limit Thilawa share price

The share price of Myanmar Thilawa SEZ, one of two companies listed on the Yangon Stock Exchange, may be held back due to its shareholder structure, according to a recent research paper. MTSH became the second firm to list on the Yangon Stock Exchange last month, pricing its shares at K40,000. The stock closed at K57,000 yesterday, […]

Thilawa SEZ worker dorms to open soon

Dormitories built for the first wave of the huge numbers of workers expected to be employed at Thilawa special economic zone to the south of Yangon are nearing completion, SEZ officials say. The accommodation is designed for internal migrant workers who come from all over the country. U Nyan Thit Hlaing, director of Myanmar Thilawa […]

Myanmar Automated Cargo Clearance System to be installed in Thilawa SEZ in November

Myanmar’s Customs Department will install the new Myanmar Automated Cargo Clearance System (MACCS) at airports, port terminals and at the Thilawa Special Economic Zone in November this year, it has been learned. Plans are also underway to install the MACCS at cross-border areas after his new programme is successfully implemented within Yangon Region. With the […]

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 […]

Chinese company to build oil refinery near Dawei SEZ in Myanmar

YANGON — A Chinese state-affiliated company plans to build an oil refinery near a special economic zone in Dawei, Myanmar, a development led by the Japanese and Thai governments. The move may force Japanese companies to review their plans to pursue opportunities offered by the development of the Dawei special economic zone in the southwestern Myanmar city. The government-appointed […]

New Myanmar government brings challenges for Tokyo

With Wednesday’s installation of a new government in Myanmar that will effectively be led by pro-democracy icon Aung San Suu Kyi, the Southeast Asian nation has arrived at a crossroads in its relationship with Japan. After more than 50 years of military rule, Htin Kyaw, a key aide to Suu Kyi, took over the same […]