Osaka Business Group Leases Thilawa for SMEs

On May 11, a memorandum of understanding (MoU) was signed between the Myanmar Japan Thilawa Development (MJTD), the Osaka Chamber of Commerce and Industry (OCCI) and the Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) to establish a small rental factory area in Thilawa Special Economic Zone. According to the MoU, the […]

Osaka business group to help lure firms to Japan-backed economic zone in Myanmar

The Osaka Chamber of Commerce and Industry has agreed to help attract small and medium-size companies to the Japanese-backed Thilawa Special Economic Zone near Yangon by establishing small rental factory spaces, the zone’s operator has announced. The OCCI, which is comprised of businesses around Osaka, and the Union of Myanmar Federation of Chambers of Commerce […]

Myanmar’s New Economic Zone Attracts Foreign Interest But Local Ire

YANGON (Thomson Reuters Foundation) – Looking north from Myint Win’s farm, across rice paddies and past bamboo huts, a massive new industrial development on the outskirts of Myanmar’s biggest city gleams in the distance. The buildings sprang up during the first phase of developing the Thilawa Special Economic Zone (SEZ), a 6,200 acre (2,500-hectare) industrial […]

Work on Thilawa ‘Zone B’ to begin after rainy season

The investors behind Myanmar’s first special economic zone will start accepting proposals for factories in second zone known as “Zone B” at the end of the rainy season, as both phases of “Zone A” near completion, with US$760 million in foreign investment committed to the project so far. Myanmar Thilawa SEZ Holdings chair U Win Aung told The […]

After decades of decay, Myanmar bets on Thilawa to lead industry boom

From the banks of the Yangon River rises Myanmar’s great economic hope, a $1.5 billion manufacturing complex designed to lure investment and help the impoverished country compete in the global marketplace. The first phase of the 2,400-hectare (5900-acre) Thilawa Special Economic Zone (SEZ), an hour from the commercial capital Yangon, is only months away from […]

Thilawa economic zone to open in June

YANGON — The first special economic zone in Myanmar will be put into commercial operation by the end of June, an official said on Thursday. “Construction of eight local and foreign factories on phase 1 of Thilawa SEZ is almost finished,” said Thein Han, managing director of Myanmar Thilawa SEZ Holdings Public Limited. Phase 1 […]

Thilawa SEZ receives 40 firms from 11 countries

Myanmar’s attempts to become a manufacturing hub are likely to come true in a few years as 40 firms from 11 countries have so far signed an agreement to invest in its major special economic zone. Thilawa SEZ is still attractive to international firms as 83.4 per cent of its Phase I implementation was completed […]

Foreign money flows into Myanmar

YANGON — Foreign companies are making a full-fledged inroads into Myanmar, spurred by rising wages in Thailand and other neighbors and the establishment of industrial parks there. This year is expected to bring the greatest amount of investment by Japanese and other foreign firms in Myanmar’s history, but many problems remain to be solved, including […]

Thilawa attracting foreign firms as tenants

Thilawa has attracted formal interest from dozens of companies, but competitors say local firms are reluctant to commit to the long-term leases required by the special economic zone. Myanmar Japan Thilawa Development Company (MJTD) has received letters of intent from 60 foreign companies to participate in the zone and reached formal agreements with about 15, […]

Thilawa SEZ Shares to Go on Sale to Raise $21 Million

Shares of Myanmar’s Thilawa Special Economic Zone (SEZ) will go on sale in March in a bid to raise $21.8 million to fund the first phase of construction of the SEZ near the country’s commercial hub Yangon. The plan was announced last week at a news conference by U Set Aung, chairman of Thilawa SEZ […]