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Dawei SEZ stands better chance with Japanese participation, officials say

The governments of Myanmar, Japan and Thailand will be meeting over the troubled Dawei special economic zone (SEZ) project that has stalled since 2013 for lack of funding. Ministers will form a Joint Cooperation Committee to discuss how Japan can be more involved in developing the SEZ. Located 20 kilometres north of Dawei, capital of […]

Germany’s METRO AG starts operations in Myanmar

Germany’s wholesale company Metro AG, kicked-off its operations in Myanmar over the weekend. The company will serve its customers in the fast-growing hospitality and tourism sectors from its modern warehouse in Yangon through its state-of-the-art digital ordering and delivery services. “The food wholesale industry in Myanmar offers big potential for Metro and we believe our […]

Trade deficit continues to narrow as exports accelerate

The trade deficit for the first four months of the 2018-19 fiscal year, which starts in October and ends in September, has declined with imports increasing at a slower pace compared to the same period of last fiscal year. According to data provided by the Ministry of Commerce, trade volume for the period up to […]

Selling Rakhine to the World

In the wake of the 2017 Rohingya crisis and ongoing fighting between the military and Arakan Army, the Myanmar government is desperate to attract investors to Rakhine State in hopes that they will help reverse the fortunes of one of the country’s poorest regions. To that end, it invited more than 600 of them to […]

What to expect from Myanmar’s top five export sectors

Even though Myanmar managed to bring down its trade deficit by US$500 million to $1.3 billion during the period between April 1 and September 30 from the same period last year, the volatile exchange rate and rising oil prices may well continue to drive up import costs in the coming months. U Yan Naing Tun, […]

National Planning Law Expects Highest Growth in Telecom, Industrial, Financial Sectors

Amid a slowing economy and complaints from the business community, Myanmar’s parliament has approved a National Planning Law for the 2018-2019 fiscal year which expects to see the highest growth rate in the country’s telecommunications, industrial and financial sectors. On Wednesday, President U Win Myint signed the bill with the approval of the Union Parliament […]

Myanmar region woos French FDI

Myanmar’s underdeveloped Tanintharyi region bordering Kanchanaburi province plans to attract European investment mainly from French companies in the months to come, according to Phyo Win Tun, planning and finance minister of the Tanintharyi region government. “At the regional government, we frequently receive business delegations from Europe, including France, Italy, Czech as well as from other […]

No approvals required for commercial livestock farming investments below $5M

Only capital investments in commercial livestock farming exceeding $5 million or K6 billion will require approval from the Ministry of Agriculture, Livestock and Irrigation, according to the Myanmar Investment Commission on Wednesday. Investments in commercial livestock farming below $5 million will no longer require government approval. Investments in livestock and fisheries, which include those in […]

Dawei SEZ is for the few, not the many

A few elites will benefit from reviving Dawei SEZ, but what about the rest? Civil society organisations demand authorities to halt the controversial Dawei project and rethink. CIVIL society organisations have demanded the authorities to reconsider the plans to revive the controversial Dawei Special Economic Zone (SEZ). They argued that a site-wide environment impact assessment […]