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 […]

Mitsubishi to sell brand new cars in installment

Mitsubishi will offer one to five year installment plan for Mandalay residents to purchase its 2016 brand new cars through a link with Yoma Bank, said Ko Soe Htut Aung, marketing executive from Mitsubishi Motors Cars Myanmar Limited. Mitsubishi Car showroom was opened in Mandalay in the second week of November to introduce its brand […]

New economic freedoms rouse Myanmar’s sleeping giant

Last week, Myanmar officials wore big smiles at the official launch of the Thilawa Special Economic Zone. They were jubilant that, at last, the nation has its first international-standard SEZ, equipped with all the infrastructure a major business needs – electricity, water supply and port facilities. The project is a joint endeavour, and much of […]

Japanese company to build logistics centre at Thilawa

Japanese company Daizen Myanmar will soon start construction of a logistics hub in Thilawa Special Economic Zone (SEZ). Thilawa, which is around an hour’s drive to the south of Yangon, is to become Myanmar’s first operational SEZ. The 2,400-hectare zone is jointly owned by Myanmar and Japanese public and private sector investors. Daizen Myanmar has […]

Capital Diamond Star Group seeks to raise profile, enter regional markets

Capital Diamond Star Group has kept a low profile for most of its history; at least as much as is possible for a company of 7000 employees and some of Myanmar’s major brands to stay out of the limelight. Beginning as a humble agriculture trading company in Mandalay in the 1960s, it has expanded to […]

Hitachi president confirms large local commitment

Japanese multinational Hitachi aims to employ more than 1000 local people in the country within five years, according to its president Toshiaki Higashihara. Speaking in Nay Pyi Taw yesterday, Mr Higashihara said the firm is looking to expand in sectors in Myanmar like telecoms, railway systems and electricity. “We will use local people and we […]

Myanmar Railways awards Yangon signalling contract

Myanmar Railways has appointed Mitsubishi and Hitachi to roll out a modern signalling system between the capital Yangon and Pyuntasa. Valued at 2.4 billion yen (€17.9 million), the contract includes the installation of a train monitoring system, an electronic interlocking system and an automatic level crossing protection system. The contract, which is being funded by […]

Mitsubishi, Hitachi to invest $20m in domestic train network

Riding on Myanmar’s antiquated railway network is not an experience for the impatient or infirm. American travel writer Paul Theroux, in The Great Railway Bazaar, quotes a policeman on the Yangon-Mandalay line as it breaks down for the fourth time. “It is a slow train,” he says. “Dirty and old – old coaches, old engines.” […]

Business complex for Yangon’s historic sporting grounds stirs up controversy

Kyaikkasan sports ground covers a vast expanse of prime real estate in the heart of Yangon that has entertained and thrilled for decades, while also concealing a darker past as a temporary detention centre used during crackdowns by the former military regime. Now the historic site, once home of the colonial-era Rangoon Turf Club racecourse, […]

Myanmar Airport Expansion Plans Take Off

Growing international traffic is driving a rapid expansion of Myanmar’s major airport network as it works to keep up with overseas arrivals. In February, Myanmar’s Department of Civil Aviation (DCA) announced that work on the new Hanthawaddy International Airport, located 70 kilometres outside of Yangon, would begin next year, with the facility set to be […]