Multi-purpose container barge service starts

The Ministry of Transport and Communications has started the Inland Water Transport (IWT), a multi-purpose container barge service to transport goods along the Ayeyarwady River and containers in the Yangon River. The service was started to reduce transportation costs and relieve congestion on the road. Ten trips with 40 containers per trip were transported by […]

Osaka Business Group Leases Thilawa for SMEs

On May 11, a memorandum of understanding (MoU) was signed between the Myanmar Japan Thilawa Development (MJTD), the Osaka Chamber of Commerce and Industry (OCCI) and the Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) to establish a small rental factory area in Thilawa Special Economic Zone. According to the MoU, the […]

Osaka business group to help lure firms to Japan-backed economic zone in Myanmar

The Osaka Chamber of Commerce and Industry has agreed to help attract small and medium-size companies to the Japanese-backed Thilawa Special Economic Zone near Yangon by establishing small rental factory spaces, the zone’s operator has announced. The OCCI, which is comprised of businesses around Osaka, and the Union of Myanmar Federation of Chambers of Commerce […]

National Reconciliation Key in Myanmar’s Development: ADB

While most of the Japanese people are enjoying five days of Golden Week holidays, areas around Pacifico Yokohama have been busy with people from around the world on business. More than 3000 people from across the globe have been busy attending seminars and meetings on the 50th annual meeting of the Asian Development Bank (ADB). […]

Foreign insurance companies will be allowed to do business this fiscal year

According to deputy minister for Finance and Planning Maung Maung Win, the government is planning to allow foreign insurance companies to do business this fiscal year. Currently, only three Japanese companies are allowed to do business in Thilawa Special Economic Zone and the Ministry of Finance and Planning is preparing for the implementation of nationwide […]

Japan’s IHI inaugurates heavy concrete factory joint venture in Myanmar

IHI Corp. held an opening ceremony Sunday for its heavy concrete factory in Myanmar, becoming the first Japanese plant producing pre-stressed concrete products in Southeast Asia’s newest emerging market. The Tokyo-based heavy industry company, in partnership with Myanmar’s Construction Ministry, opened the $12.2 million facility in the Myaungdagar Steel Industrial Zone in Hmawbi, located about […]

Myanmar opens first biomass power plant

Myanmar has utilised Japanese know-how to open its first biomass gasification power plant in its capital city Nay Pyi Taw. The rice husk gasification power plant was developed over five months by a Japanese consortium led by Yanmar Co. The group also includes Chiyoda & Public Works Co, Chiyoda System Technologies Corp and Kanso Co. […]

Myanmar opens Thilawa SEZ to foreign insurers

Myanmar is opening up its Thilawa special economic zone near Yangon to international insurance companies — part of a market liberalization effort expected to gain momentum this year. The government does not allow foreign insurers to offer their services outside of Thilawa — a Myanmar-Japanese joint venture and the country’s only operational SEZ. Only three […]

Manila Water, partner propose to undertake major Yangon project

Manila Water Company Inc. and partner Mitsubishi Corp. are eyeing a large-scale project that would help reduce non-revenue water in Yangon, Myanmar. Non-revenue water refers to water produced and lost due to leaking pipes and illegal connections or because of inaccurate metering. In a statement, Manila Water said it was expecting to submit jointly with […]