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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 […]

Japanese demand for local gold trinkets on the rise

The Japanese penchant for certain gold and jewellery motifs with cultural significance have seen some US$33,000 worth of such items exported to Japan in the month of August to-date. According to the Yangon Region Gold Entrepreneurs Association chair U Myo Myint, the jewellery pieces, 46 in total, included gemstones embedded in gold. “This is the […]

Japanese boost medical techs in Myanmar

The Ministry of Health and Sports has announced an initiative to boost local skills in medical engineering. The project, which is being implemented with the help of the Japan International Cooperation Agency (JICA), will run through April 2023 at the University of Medical Technology, Yangon, according to a senior official of the university’s Human Resources […]

Yoma Strategic in $26.6m share deal with Tokyo Century to grow Myanmar vehicle leasing business

Mainboard-listed Yoma Strategic Holdings said on Monday (April 22) that Japanese leasing company Tokyo Century Corporation will acquire a 20 per cent stake in its subsidiary Yoma Fleet for $26.6 million by way of newly issued shares. Upon satisfaction of certain conditions to complete the subscription of new shares by Tokyo Century, Yoma Strategic will […]