Myanmar renews SEZ push

Myanmar’s special economic zones (SEZs) are a central part of a revitalised economic strategy in which increased manufacturing activity will play a key role. And breathing renewed life and energy into stagnant or stalled SEZs has moved to the top of the government’s agenda. “SEZs promote the transfer of technology, encourage infrastructure development and attract […]

Who can Grab the opportunity s Uber’s Asian ride gets bumpy?

As ride-hailing giant Uber struggles with its manifold problems worldwide, regional rivals such as the Southeast Asia-focused Grab are embracing one cardinal rule: don’t gloat just yet. Instead, with the titan on the ropes, the smaller players are quietly using the opportunity to expand into new countries and services, consolidating market share wherever possible. But […]

Developer brushes off concerns about Myotha Industrial Park

DEVELOPER Mandalay Myotha Industrial Development has brushed off human rights concerns and accusations in relation to the Myotha Industrial Park in Mandalay, while the International Federation for Human Rights argued that the process for the establishment of the park underscores the failure by the developer to conduct proper human rights due diligence. Tensions and confrontations […]

Yangon Stock Exchange looks for Belt and Road boost

The Yangon Stock Exchange, launched in December 2015, expects to enjoy indirect benefits from China’s Belt and Road Initiative as more Sino-Myanmar joint ventures are set up and demand for capital increases. “China is a major economic and trade partner with Myanmar. Myanmar’s enterprises need to grow together with their Chinese counterparts,” said Thet Htun […]

Govt Investment Director Confident in Foreign Investment Despite Rakhine Conflict

YANGON — U Aung Naing Oo, director-general of Directorate of Investment and Company Administration under the Ministry of National Planning and Finance, talked to The Irrawaddy reporter Shwe Lay about foreign investment in Myanmar and the government’s plan to promote it. How much investment has Myanmar had over the past year? Which countries are the […]

HK Chief Executive Carrie Lam wants more trade with Myanmar

Hong Kong (HKSAR)-The Chief Executive, Mrs Carrie Lam, continued her visit to Myanmar in Yangon today (September 16). Mrs Lam attended the 14th World Chinese Entrepreneurs Convention (WCEC) in the morning. Themed “Setting up Historical Milestones through the Economic Reform of Myanmar”, the WCEC was attended by some 2 000 leading Chinese entrepreneurs from around […]

Hong Kong leader heads to Myanmar seeking to complement Belt and Road

HONG Kong’s Chief Executive Carrie Lam will visit Myanmar on September 14-17 in an effort to step up its game in ASEAN and is expected to promote Beijing’s Belt and Road Initiative. Mrs Lam will be speaking at the 14th World Chinese Entrepreneurs Convention (WCEC) on September 16, which is held by the Yangon-headquartered Myanmar […]

UOB puts focus on Asean investment

UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]

China ups its game in Myanmar’s SEZ race

CHINESE investors have expressed an interest in investing and developing the area across Yangon River and to construct an international airport, a port and housing projects, according to a local Chinese business association. The proposed locality and projects overlap with the prospective South Korea-led special economic zone. Members of the Yangon-headquartered Myanmar Chinese Chamber of […]