Myanmar’s new Companies Act can be ‘game changer’

TOKYO — Little in the way of positive news has come out of Myanmar in recent months. The situation in Rakhine State has seen de facto leader Aung San Suu Kyi come in for severe criticism from the international community as her government struggles to deal with the crisis and the realities of running the […]

Myanmar execs seek help in fostering human resources

TOKYO — Even as more Japanese companies are eyeing the growing business opportunities in Myanmar, the young country and its more than 50 million people are in need of help in developing human resources in addition to infrastructure, a fact emphasized by several prominent businessmen from the country, speaking at a seminar on Monday in […]

Japan Investments Expected to Rise

Japan is one of the biggest contributors to Myanmar and provides humanitarian support, loans at low interest rates, technological support and investments in the Thilawa Special Economic Zone (SEZ). Investment from Japanese companies went up after 2011 and has increased further since the democratic government took administration. The following is an interview with Mr. Hiro […]

Belt and Road should not dictate infrastructure priorities: Melvyn Pun

Beijing’s Belt and Road Initiative (BRI) should not dictate Myanmar’s infrastructure priorities despite the importance of Chinese finance, according to the head of Yoma Strategic. Infrastructure should be developed for Myanmar’s national interest. During the 2nd ASEAN-Myanmar Forum hosted by the Singapore Institute of International Affairs in Sedona Hotel yesterday, Melvyn Pun, the chief executive […]

Horiba, Hitachi Zosen team up on wastewater treatment in SE Asia

TOKYO — Horiba and Hitachi Zosen are combining their technologies for a venture into wastewater treatment in Southeast Asia. As a first step, the Japanese companies have set up a demonstration facility in central Myanmar’s Wundwin township, a hub of the country’s weaving industry, where rivers run dark with the runoff from dye works. The […]

ADB eyes greater role in Myanmar road, port projects

MANILA — The Asian Development Bank will help Myanmar modernize its transportation infrastructure, such as roads and ports, seeing public-private partnerships as key to promoting projects. The Manila-based multilateral lender will serve as an adviser assisting the Myanmar government in such matters as drawing up plans, selecting contractors and procuring funds. The arrangement will be […]

Myanmar eyes junta’s old tricks to fight weaker currency

YANGON — Desperate to halt the severe depreciation of its national currency, Myanmar’s democratically elected government may revive drastic measures that were employed by the military junta. The kyat has lost about 20% of its value against the greenback in the past six months due to Myanmar’s growing fiscal and trade deficits stemming from lower […]

US$ 258 million in Japanese investments made into Thilawa Special Economic Zone

JAPANESE companies have invested over US$ 258 million in 25 enterprises operating out of the Thilawa Special Economic Zone beginning from November of the 2014-201 FY to July 2016, according to Directorate of Investment and Company Administration. The total invested amount in the Thilawa (SEZ) is currently US$830 million from 14 foreign countries. Singapore tops […]

Taiyo Nippon Sanso to turn out industrial gases in Myanmar

TOKYO — Taiyo Nippon Sanso will begin producing industrial gases in Myanmar in 2018 as demand looks to expand. The gas producer will establish a local affiliate within the year and bring in equipment to operate a plant in the Yangon area, investing a total of 1 billion yen ($9.78 million). With Japanese companies increasingly setting up operations in Myanmar, Taiyo Nippon Sanso expects steady […]

Toyo Construction, JFE to build port in Myanmar

TOKYO — Toyo Construction and JFE Engineering have received an order from the Myanmar government to build port facilities in a special economic zone near Yangon. The order, valued at about 14 billion yen ($117 million), was awarded to the Japanese companies via competitive bidding. The project will be funded by Japan’s official development assistance […]