A rising number of Japanese companies are expanding business in Southeast Asia and scaling down operations in China due to escalating tensions between Beijing and Washington, according to the Japan External Trade Organization. Citing a JETRO survey conducted late last year, the government-backed body said in an annual trade and investment report that 41 percent […]
Asia World Sees Myanmar’s New Concrete Road as Catalyst and Confidence Booster for Investments Into Rakhine
The Asia World Foundation said today that a new, all-weather 54-kilometer concrete road will serve as a major confidence booster and catalyst for direct investments in Rakhine State which today kicked off a three-day investment fair that was inaugurated by Myanmar’s State Counsellor Daw Aung San Suu Kyi. The Foundation of the Asia World Group, […]
Japan envoy says development is solution for Rakhine
Japan’s top envoy to Myanmar said that economic development is an answer to Rakhine’s conflict and that Tokyo is considering providing aid for the state. “If there is economic development, I believe that there will be no conflict,” Japanese Ambassador Ichiro Maruyama said ahead of a Japan-backed investment fair in Ngapali. The first Rakhine Investment […]
Japanese manufacturers eye expansion opportunities
After investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9. “Japanese trade dealers were interested to invest in Thailand, Indonesia and […]
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 […]
Nagasaki fire engine maker, Myanmar firm aim to improve safety via tie-up
Yangon – A Japanese fire engine maker is teaming up with a local firm to break into the market for safety products in Myanmar, capitalizing on the country’s efforts to improve its firefighting capability with help from Japan. With support from the Japan External Trade Organization (JETRO), Nakamura Shobokagaku Co., based in Omura, Nagasaki Prefecture, […]
New Myanmar government brings challenges for Tokyo
With Wednesday’s installation of a new government in Myanmar that will effectively be led by pro-democracy icon Aung San Suu Kyi, the Southeast Asian nation has arrived at a crossroads in its relationship with Japan. After more than 50 years of military rule, Htin Kyaw, a key aide to Suu Kyi, took over the same […]