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New industrial zone proposed northwest of Yangon

Golden Myanmar Investment Consortium, which was formed by investors from China, Hong Kong and Myanmar to develop industrial zones, is planning to set up a new zone in Htantabin township, Yangon, the Yangon Region government and Yangon Region Investment Committee have announced. The creation of the industrial zone is expected to require investments totaling US$500 […]

RecyGlo cleans up in recycling

Coloured waste bins line the walls of RecyGlo’s office in Yangon. Blue is for paper, red for plastic, green for aluminium and black for general waste. The waste is being separated for recycling. “If the plastic, glass and cans that we discard daily are not systematically sorted, recycled and reused, it will have an impact […]

Future Yangon as a town encircled by industrial zones: Chief Minister

The regional government is planning to build Yangon as a town circled by industrial zones and in the future, a big circular shaped city emerge, said Yangon Region Chief Minister Phyo Min Thein in a ceremony to open Hmawby-Taikkyi road, a portion of Yangon-Pyay Road held on February 10. The opening ceremony was attended by […]

Yangon sets sights on smart-city goal

As the world advance, Yangon city has to become a smart city and also be made more liveable, said Yangon Region Chief Minister U Phyo Min Thein during the 10th anniversary of Barcamp Yangon held recently. BarCamp is an international network of user-generated conferences primarily focused around technology and the web. The Yangon Region government […]

Offering high hopes of realizing full growth potential from upcoming Rakhine State Investment Fair

Rakhine State has naturally an inherent potential for growth. But it has lagged behind other Regions and States in terms of commerce and social development after Independence in 1948 which has been invested with several kinds of insurgency. Economic development plays an important role in overall developments in Rakhine State; it is an agriculture-based State. […]

Industrial zones hampered by poor infrastructure but demand remains

Demand for Myanmar’s industrial zones beyond Yangon is bound to grow but poor transport and energy infrastructure have held back investments, a major study suggests. Business information firm Frontier Myanmar Research (FMR) last week at the Yangon Stock Exchange launched its Myanmar Industrial Zone Review, a study based on reviewing approximately 100 active, developing and […]

Chin State seeks 10 year tax exemptions

The Chin State Chamber of Commerce and Industry (CCCI) is asking the government for approval to raise the tax-exempt period granted to investors in the state to be raised Ceu Hlei Lian, the chair of the Chin State Chamber of Commerce and Industry submitted the request to the Private Sector Development Committee headed by Vice […]

Myanmar invites foreign investment with business-friendly reforms

As Seoul fleshes out its New Southern Policy to strengthen ties with Southeast Asian nations and other countries, Myanmar presents fresh opportunities with its business-friendly policies, according to the country’s top envoy to South Korea. During the Burmese National Day reception on Jan. 7 in Seoul, Myanmar’s Ambassador Thura Thet Oo Maung said the Korean […]

Benchachinda JV eyes double-digit growth in Myanmar

Myanmar Information Highway (MIH), a joint venture between Benchachinda Group and local companies that provides broadband Internet services in Myanmar, hopes to enjoy double-digit growth this year, according to PassakornHongsyok, the firm’s general manager. Passakorn said in an exclusive interview that the firm aims to serve 2,000 corporate clients in Yangon by the end of […]

Garments sector poised to boom in Pathein

The garment industry seems poised to boom in Ayeyarwady Region, with a company developing an industrial park near Pathein signing a contract with a Chinese firm that plans to build 50 garment factories within two years. The new factories would dramatically expand the town’s nascent manufacturing sector, which has for several years been attracting interest […]