Construction, feasibility study on Hanthawaddy Airport commences

The first phase of the new airport, a joint venture between Myanmar and Japan, is slated to be complete in 2027 with help from the Japan International Cooperation Agency (JICA). JICA will now conduct an environmental impact assessment and the draft report will be submitted to the Ministry of Natural Resources and Environmental Conservation in […]

Japanese retailer Aeon to invest $180m in first Myanmar mall

YANGON/TOKYO — Japanese retail group Aeon said Tuesday it would build a large commercial facility in Yangon, the biggest city in Myanmar, with an investment of $180 million, marking its first market entry into the Southeast Asian nation. The Aeon Mall shopping complex would be built on a 72,000 sq. meter site within 30 minutes’ […]

Japanese firms given green light to build power plant in Yangon

Myanmar and Japan have signed an agreement to build a 1250-megawatt liquefied natural gas power plant worth up to US$2 billion in Yangon’s Thilawa Special Economic Zone. The Ministry of Electricity and Energy on July 24 granted a Notice to Proceed to Marubeni, Sumitomo Corp and Mitsui & Co to build the plant under a […]

More factories complete EU’s chemical management programme

Five more factories in Myanmar completed the EU-funded “Smart” chemical management and detox programme during the second half of 2019. The factories, including Lin Zhan, Reeblue, Champion Winner Industry, Jiu Sheng and Textile Palace, took part in a six-month programme involving on-site assessment and consultancy, participation in technical training and a requirement for implementation of […]

Japanese NTT sets up US$5M local subsidiary

Japanese tech major NTT is diving into Myanmar’s nascent but fast-growing digital economy with its newly-established subsidiary. The company announced that its subsidiary NTT Myanmar was granted a business-to-business wholesale licence from the commerce ministry to offer ICT solutions in the Myanmar market. The capital investment of NTT Myanmar is US$5 million (K7.2 billion), it […]

LNG plant, terminal to be constructed in Thilawa

A consortium of Myanmar and Japanese companies will construct an electricity generation plant and liquefied natural gas (LNG) terminal at the Thilawa Special Economic Zone, said U Han Thaw Zay, Executive Director of Myanmar Agribusiness Public Corporation (MAPCO), one of the firms involved in the investment. The LNG-fuelled plant will have the capacity to generate […]

Yangon to implement waste-to-energy system with Japan

YANGON- Under Japanese sponsorship ,Myanmar will be carrying out preservation of water waste and to generate energy from rubbish in Yangon, says Yangon Mayor Maung Maung Soe at the press conference held in Yangon City Hall yesterday. “The project depends on how to use the rubbish thrown away by seven million people from Yangon. We […]

Passenger traffic inches up at Yangon airport

Myanmar’s biggest airport has seen a passenger increase of more than 6 percent over the last 12 months, the operator said. The increase in passengers was a result of the addition of new routes – mainly from the Chinese market – according to Yangon Aerodrome Company, operator of Yangon International Airport. Passenger traffic at the […]

Vehicles at the forefront of Myanmar’s drive for industrial growth

Toyota is developing an assembly plant in Myanmar,signaling strong growth prospects in the local market as the country looks to expand its manufacturing output. In late May the Japanese carmaker announced it will establish its first vehicle assembly plant in the country, in the Thilawa Special Economic Zone (SEZ) just outside of Yangon. Once it […]

Influx of Japanese car parts companies expected in Yangon

More Japanese car parts companies are expected to enter Myanmar to meet demand from existing automobile manufacturers with facilities in Thilawa Special Economic Zone, said Japanese Ambassador to Myanmar Mr Ichiro Maruyama. Japanese car maker Suzuki currently operates a car assembly plant in Thilawa, while Toyota will begin operations at the SEZ in 2021, Mr […]