Shoe factory creating 300 job opportunities by to be opened soon in Myawady Economic Zone

A shoe factory which can create job opportunities for 300 people will be opened soon in Myawady Economic Zone, Myawady Township near the border of Myanmar and Thailand. This factory is located seven mile away from Myawady Town, where the Myawady Economic Zone was developed in 2013. Total 37 plots of lands for factories had […]

MIC branches to be opened in Chin and Rakhine states

Myanmar Investment Commission (MIC) branch offices will be opened in Chin and Rakhine states in October, according to a report in the Myawady Daily yesterday. The MIC branch offices will be opened in every township in FY2017-2018. According to the MIC new law, the MIC commission branch offices have been granted to open in every […]

Eco-friendly and job-creating investment being given priority to invest in Thilawa

Myanmar- Japan Thilawa Development Ltd (MJTD) has permitted investments in Thilawa Special Economic Zone giving priority to those who can create better job opportunities for the local people and are more eco-friendly. Currently, a total of 84 companies have been permitted to invest in Thilawa SEZ Zone A and the first phase of the Zone-B, […]

Increased investment and trade for Myanmar

U Aung Naing Oo, the Director General of the Directorate of Investment and Company Administration (DICA), said the Myanmar Investment Commission (MIC) has approved 26 domestic and foreign companies to conduct investment in Myanmar. Nineteen of the approved companies are foreign businesses. They include 12 companies from the industrial sector, 1 company from the livestock […]

India set to hand Sittwe port back to Myanmar

INDIA WILL hand control of Sittwe port back to Myanmar’s Rakhine State government in the second week of March, India’s ambassador to Myanmar Vikram Misri said. The port, which links the two countries, was built by India for ships with displacement of up to 20,000 tonnes to dock. Ships with displacement between 3,000 and 4,000 […]

Over 2,200 job opportunities created from three permitted enterprises

A total of 2,217 job opportunities have been created from three enterprises permitted by the Myanmar Investment Commission. The three enterprises receiving permits at the Myanmar Investment Commission meeting held on 1st December are in the following industries: garment manufacturing using the Cutting, Making and Packing (CMP) system; manufacturing, distribution and marketing of metal cans; […]

CB Bank chair to open industrial zone

The chair of one of Myanmar’s largest banks is turning his hand to a new sector, with a plan to open Taungoo township’s first industrial zone, which he hopes will entice hundreds of thousands of migrant workers back to the area. Chair of Co-operative Bank U Khin Maung Aye also chairs the Kaung Myanmar Aung […]

Hmawbi residents in the dark over new city

Hmawbi township feels a long way from Yangon. Located just beyond the city’s northern limits, it is well known for supplying vegetables and fruit to the markets in Myanmar’s commercial capital. The main roads are busy but the area is rural and underdeveloped. Its tallest buildings are two six-storey towers beside the Hmawbi Myot Ma […]

Real estate prices in Yangon’s industrial zones fall

YANGON, Dec. 12 (Xinhua) — Real estate prices in industrial zones in Myanmar’s Yangon have been falling as un-utilized vacant plots and warehouses are faced with seizure under a recent ultimatum issued by the Yangon government, the semi-official Global New Light of Myanmar reported on Friday. The regional government set Feb. 1 next year as […]

Developers push for production materials to be made locally

The boom in construction has prompted local developers to press for the production of home-grown building materials. They say manufacturing steel and cement here instead of importing them could cut costs and create jobs. Recent economic reform have made construction sector the most developed sector of the economy, and attracted many foreign developers. “The construction […]