Thilawa SEZ Receives US$900 Million in Foreign Investment

​​ RANGOON — Japan-backed Thilawa Special Economic Zone (SEZ) in Rangoon’s Thanlyin Township has received more than US$900 million in foreign investment since its launch in 2014, said a recent report issued by the Myanmar Investment Commission (MIC). “Since the start of the operation, the SEZ has received US$903 million foreign investment,” MIC secretary U […]

Military Conglomerate Hoping for More JVs

U Hla Moe, general manager of the planning department for the military conglomerate Myanma Economic Holdings Limited (MEHL), spoke to The Myanmar Times for an exclusive interview on operating as a public company, the outlook for joint ventures with foreign firms and competing on a level playing field in Myanmar’s new economy. The military established Myanmar Economic […]

Playing PPP Catch-up

Public-private partnerships (PPPs) have been used as a mechanism to build and upgrade infrastructure in the developing countries of Southeast Asia for several decades. However, PPPs are relatively new to Myanmar. The country is lagging behind the other ASEAN member states, and its development needs are enormous. Myanmar can benefit from PPPs for both hard […]

Myanmar’s Foreign Policy Rebalance

The country’s shift in its alignments is about more than just China and the United States. Myanmar’s new government is making its international debut. In mid-August 2016, Beijing welcomed Aung San Suu Kyi on her first visit to China since becoming Myanmar’s state counselor and foreign minister. This followed her trips to Myanmar’s ASEAN neighbors […]

Korea-Myanmar venture to build 500-acre garment zone

A Korean firm and a local company have teamed up with a view to building free-on-board (FOB) garment factories on 500 acres of land through a 50-50 joint venture. Myanmar-based Olympus Asia Group and Korea’s Panko Corporation signed a memorandum of understanding on August 20 and are looking for land in Yangon, Bago or Ayeywarwady […]

Mango growers need agricultural certificate to enter international market

MANGO growers need to obtain agricultural certificate to help prove the quality of their products to enter the international market, local farmers say. The country has received a greater interest from Japan, Korea, Australia and the U.S, said Ma Zin Mar Than of Myanmar Fruits, Flower, Vegetable Producer and Exporter Association. Exporters say, nearly 10,000 […]

Railway Station project expected to launch May 2017

“THE Yangon Central Railway Station comprehensive development project is expected to launch in May, 2017,” said an official from Division 7 of the Yangon Central Railway Station. When the bid bond of the first tender for the project to promote the Yangon Railway Station for the 2014-15 budget year was invited bidders were unable to […]

‘Korea’s tech transfers key to Myanmar’s reforms’

YANGON, Myanmar — With Myanmar spurring political, economic and administrative reforms, technological assistance coupled with financial aid from Korea and other industrial powerhouses will help expedite the country’s ongoing transformation, according to a senior official at Myanmar’s ruling party. Hantha Myint, chief of the economic committee within the National League for Democracy led by Aung […]

Myanmar can flourish by sowing seeds of agricultural prosperity

On 30 March, Htin Kyaw, a long-time adviser and ally of Aung San Suu Kyi – whose National League for Democracy party achieved a historic victory inrecent elections – became the first elected civilian to hold office in Myanmar since the army took over in 1962. The NLD won the democratic battle and enjoys unparalleled political capital and […]

MPE cancels tender for Nyaungdon LPG Plant Joint Venture Project

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. THE Myanma Petrochemical Enterprise (MPE) announced yesterday that there were no successful applicants for the Nyaung Don LPG Joint Venture Project and the tender is officially cancelled. The MPE invited prospective foreign investors to submit a Letter of […]