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Thilawa SEZ set to benefit from east west economic corridor

The Thilawa Special Economic Zone near Yangon is set to become a vital link in the East West Economic Corridor linking Myanmar, Thailand, Laos, Cambodia and Vietnam says an official from the Japan International Cooperation Agency (JICA). The East West Economic Corridor development project aims to link transportation and logistics networks to promote investment and […]

Influx of Japanese car parts companies expected in Yangon

More Japanese car parts companies are expected to enter Myanmar to meet demand from existing automobile manufacturers with facilities in Thilawa Special Economic Zone, said Japanese Ambassador to Myanmar Mr Ichiro Maruyama. Japanese car maker Suzuki currently operates a car assembly plant in Thilawa, while Toyota will begin operations at the SEZ in 2021, Mr […]

YSX traded stocks in 2019 reaches highest in August

The value of stocks traded on the Yangon Stock Exchange (YSX) hit the highest level of US$1.9 billion this year in August, according to the monthly report of the YSX. A total of 322,176 shares were traded on the exchange during the month. At present, shares of five listed companies — First Myanmar Investment (FMI), […]

Myanmar aims urban planning for over 330 towns by 2030: Union Minister

Myanmar is aiming to have systematic urban planning for over 330 towns across the country by 2030, said Han Zaw, Union Minister for Construction on February 10. “The objectives of the ministry are to build 18 feet wide and 41,111 kilometers long concrete and tar roads to meet ASEAN standards, to build all concrete bridges […]

MI signs MoU with foreign insurance companies for housing projects

Myanmar Insurance (MI) signed a Memorandum of Understanding (MoU) with Japan, Germany and Malaysia to cooperate on insurance services for the construction of one million housing units to be developed by the Ministry of Construction, at Myanmar Insurance on August 28. Dr Sandar Oo, Managing Director of Myanmar Insurance said: “The country needs to develop […]

FDI in Thilawa SEZ project declines by $ 18.5 m

From April to August of the mini budget period, the foreign investments in Thilawa Special Economic Zone Project has dropped by US$ 18.5 million compared with the same period last year, according to a press conference by Myanmar Investment Commission on August 29. Than Aung Kyaw, Deputy Director of Directorate of Investment and Companies Administration […]

New Minimum Wage comes into effect in Myanmar from today

Washim Mia, Staff Reporter (RMG Times) The Government of Myanmar announced that the new minimum wage structure for the garments workers set at 4800 Kyats per day rate will be legally effective from today, 14 May 2018, in the country. This is an increase of 33% on the previous minimum wage rate of K3600 which […]

Children’s rights bill inconsistent over child labour regulations

Sections within the draft law are inconsistent over the minimum working age, and child employment in many sectors remains unregulated A children’s rights draft law introduced to Pyidaungsu Hluttaw on July 7 fails to address inconsistencies between existing domestic laws regarding child employment and the legal minimum working age. The bill does not tackle grey […]

Indian Texperts to cooperate with Myanmar garment factories

INDIAN technological company Textperts is gearing up to establish trade links with Myanmar garment entrepreneurs, according to the India Daily News Agency. Indian garment businesspeople have planned to open the door to cooperate with Myanmar businesses through the trade exhibition which will be held this coming June. Texperts, which runs successful and well established garment […]

Yangon Trade Centre tender to be re-opened

Subscribe to our tender alert mailing list A tender will be called early next year to renovate the Yangon Trade Centre, which has been closed since a 2005 bomb attack, according to Ministry of Commerce officials. The ministry invited companies to restore the building last year, but scrapped the idea after receiving no suitable applications. […]