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Zone for agriculture, manufacturing to be built in Thabeikkyin

A special zone will be built in Mandalay Region’s Thabeikkyin township to produce value-added products from agricultural goods and livestock, according to Pentagon Group (Myanmar) Co Ltd. The project will be located on 3237 hectares in Ohn Ta Kue, Ohn Paing, Pay Taw and Gway Maw villages. The company has sought a land-use permit for […]

Toyota to build first Myanmar assembly plant in Thilawa

Japan’s Toyota Group will start building an assembly plant in Thilawa Special Economic Zone (SEZ) this year, according to a Myanmar Times source. Toyota Motor Corp, the automobile branch of Toyota, will invest several billion yen for the facility to manufacture pick-up trucks through semi-knockdown (SKD) production for the Myanmar market. An official announcement will […]

Bonded warehouse programme set to provide boost to Myanmar industries

The Customs Department, Ministry of Planning and Finance, and the DaNa Facility, a UK aid funded programme, yesterday launched the Developing Custom Bonded Warehouse programme to introduce customs officers and relevant stakeholders to the potential of a bonded warehouse system in supporting the local industry. Bonded warehouses are specifically designed to support industry, particularly those […]

Myanmar’s First Signature Watch Sports a Vintage Flair

A young man’s watch-collecting hobby developed into a skill after he learned to assemble and repair them himself. Kyaw Thura Naung eventually developed his own brand, Mandalay Watch, and it has become highly sought after. “Back in 2014, when I was studying in a foundation year program in Manchester [in the U.K.], I started to […]

Illicit imports threaten Myanmar’s e-commerce players

The commerce ministry committed to developing the country’s nascent e-commerce sector as a means to boost trade and create jobs, but the lack of infrastructure and rampant illicit trade pose a serious threat to the emerging industry. The report from the United Nations Conference on Trade and Development (UNCTAD) titled “Rapid eTrade Readiness Assessment of […]

Myanmar to hold investment fairs to spur development

Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]

Manufacturing key to Myanmar’s growth

Myanmar has been transitioning to a more open and market-oriented economy over the past few years. While progress has been made throughout the economy, manufacturing has witnessed rapid expansion, accounting for 15 percent of GDP in 2007 but growing to 24pc in 2017. Garment manufacturing, in particular, has grown rapidly, with exports expected to surpass […]

80 pc of automobile purchases related to installment system

About 80 per cent of all automobile purchases in the local market are linked to the installment system, said Dr Soe Tun, President of Myanmar Automobile Manufacturers and Distributors Association. The number of people who buy automobiles under the financing and hire purchase system of banks has increased. The number of those buying automobiles with […]

Economic outlook negative: UMFCCI

Myanmar’ economy is in worse shape this year compared to 2017 and 2016, according to the Business Sentiment Survey for the second quarter of 2018 conducted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) . The results of survey were released during 2nd B4B Insights Forum organised by UMFCCI on […]

Myanmar Global Investment Forum 2018, 11-12 September 2018, Nay Pyi Taw, Myanmar

As the Myanmar economy returns to a more robust rate of growth, domestic and foreign investors continue to evaluating investment opportunities across the industrial landscape. The Myanmar Investment Forum 2018 will offer expert insights into the industries key to the Myanmar economy. With in-depth explorations of the infrastructure, energy, oil and gas, agriculture and tourism […]