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Green light given for Thai-backed industrial estate near Yangon

The Myanmar Investment Commission (MIC) has approved Thai developer Amata Group’s proposal to develop a smart industrial estate project in Yangon Region. Amata Group is a Thai-listed developer headquartered in Bangkok known for its work on industrial estates. A meeting of the Myanmar Investment Commission on October 21 approved the development and operation of the […]

KB Kookmin Bank to provide home loans to low income households

South Korea’s KB Kookmin Bank will participate in developing a government-funded residential complex for low income households in Yangon, Kim Chang-woo, chief representative of KB Kookmin Bank Yangon Representative Office, told The Myanmar Times. KB Kookmin Bank and Yangon Region Government signed a Letter of Intent to support the project during South Korean President Moon […]

Chin Industrial Zones to Go Live by FY’14; Set to Boost SMEs

Industrial zone development projects in Chin state’s Hakha and Tedim are expected to be completed by the current fiscal year that started in April, a minister said. The projects are aimed at supporting the development of small and medium enterprises (SME) in Myanmar’s impoverished Chin state, U Ram Mann, Chin state minister for planning and […]

Yangon industrial complex on way

YANGON – Construction on a joint venture industrial complex between Japanese and Myanmar companies has gotten under way in Yangon with an official ribbon-cutting and groundbreaking ceremony. Upon completion in 2015, the industrial complex in the Thilawa Special Economic Zone, about 20 km south of central Yangon, is expected to draw businesses involved in apparel, […]

Construction starts on Japan-Myanmar JV industrial complex in Yangon

The construction of a joint venture industrial complex between Japanese and Myanmar companies started Saturday in Yangon with an official ribbon-cutting and ground-breaking ceremony held at the site. The industrial complex, located inside the Thilawa Sepecial Economic Zone, about 23 kilometers south of the city center of Yangon, is expected to draw businesses involved in […]

Ooredoo to spend $60 million on development projects

Ross Cormack, the Senior Representative of Ooredoo in Myanmar said that the company will spend $60 million within 10 years on social development projects in Myanmar. Ooredoo, based in Qatar won one of the two tenders for telecom licenses on June 27. The other was won by the Norwegian firm Telenor. The announcement was made […]

Telenor to recruit 3000 Myanmar staff

Norway’s Telenor Group said that they would recruit approximately 3000 Myanmar nationals to provide local communication services. Telenor won the recent Myanmar telecommunication tender. Telenor Group will recruit employees in three phases. In the first phase 25 management level employees who are proficient in business development and strategic planning will be recruited. They will execute […]