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Sojitz, NTT, NEC, NESIC to Upgrade Communications Infrastructure in Myanmar

Sojitz Corporation, NTT Communications Corporation (NTT Com), NEC Corporation and NEC Networks & System Integration Corporation (NESIC) will carry out an infrastructure upgrade in Myanmar. The plans come under official instruction from Myanma Posts and Telecommunications, the country’s incumbent telecoms operator and once completed, will connect the cities of Nay Pyi Taw, Yangon, Mandalay and […]

Dawei SEZ Draws Investor Interest, but Lacks Infrastructure

Businesses from China, Thailand, Korea and Japan, including those from the power and logistics sectors, have said they are keen to invest in the Dawei Special Economic Zone (SEZ) in Tanintharyi, which is near the Thai border. Investor interest in Dawei, which has yet to be developed, has been on the rise since Myanmar and […]

Cabinet to Adopt Development Guideline for Dawei SEZ Link

The National Economic and Social Development Council (NESDC) will ask the cabinet to adopt its guidelines on infrastructure development on Tuesday, as the government seeks to start working on the long-awaited link that will connect the Dawei Special Economic Zone in Myanmar with Eastern Economic Corridor (EEC). A source said the NESDC wants ministers concerned […]

Myanmar State Firm Signs Deal to Buy Electricity From Strategic Chinese Project in Rakhine

YANGON—A Myanmar state-owned enterprise has inked a power purchase agreement with a Myanmar-China joint venture company that is developing a 135-megawatt (MW) power plant project in Kyaukphyu, in western Myanmar’s Rakhine State. The plant is one of the strategic projects that make up the Myanmar section of Beijing’s grand infrastructure plan, the Belt and Road […]

Vehicles at the forefront of Myanmar’s drive for industrial growth

Toyota is developing an assembly plant in Myanmar,signaling strong growth prospects in the local market as the country looks to expand its manufacturing output. In late May the Japanese carmaker announced it will establish its first vehicle assembly plant in the country, in the Thilawa Special Economic Zone (SEZ) just outside of Yangon. Once it […]

A distant vision for Myanmar’s industrial future

Every morning hundreds of cars, trucks and other vehicles carrying factory workers squeeze into a two-lane bridge across Yangon’s Bago river. The buzz of industrial activity results in often nightmarish traffic jams, a rare phenomenon for Myanmar’s still nascent and in many ways hamstrung manufacturing sector. Initiated by then-president Thein Sein in 2013, the Japan-backed […]

New Chinese Ambassador Vows to Seek ‘Practical Cooperation’ with Myanmar on BRI Projects

China’s new ambassador to Myanmar said he would push for deeper “practical cooperation” on Beijing’s grand infrastructure projects in the country while working to advance bilateral relations. One day after President U Win Myint accepted the credentials of Ambassador Chen Hai in Naypyitaw, the Chinese Embassy issued a statement on Wednesday regarding their discussion in […]

Suu Kyi woos Czech investors to invest in Myanmar

In light of incentives for foreign investors including a seven-year income tax reduction in its three special economic zones (SEZ), Myanmar deserves to achieve responsible investments from Czech businesses in the coming months, State CounsellorAung San SuuKyisaid at the Czech-Myanmar Business Forum held in Prague. “Myanmar has the potential to grow into a market similar […]

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 […]

Myanmar Signs 3 Agreements at Belt and Road Forum

Myanmar’s government signed two memorandums of understanding (MOUs) and an agreement letter with China at Beijing’s Belt and Road Forum on Thursday, detailing strengthened cooperation between the countries on the China-Myanmar Economic Corridor (CMEC), trade and technology. According to the Ministry of Information, Myanmar State Counselor Daw Aung San Suu Kyi and Prime Minister of […]