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 […]

Economy to Grow by Seven Percent This Fiscal Year, Observer Group Predicts

RANGOON — Burma’s economy is predicted to grow by at least seven percent in the 2017-18 and 2018-19 fiscal years after growth of six percent last fiscal year, predicted regional observer group ASEAN +3 Macroeconomic Research Office (AMRO). Moderate growth in Burma last fiscal year (6.3 percent) compared to 7.3 percent the year before was […]

Government to Give Investors Equal Rights at New Industrial Zones, Satellite Townships

The government has plans to build new in­dustrial zones and satel­lite townships across the country, U Kyaw Win, the minister for planning and finance, told an invest­ment conference. Under the plans, foreign and local investors in old industrial zones will also have equal investment rights in new projects, added U Kyaw Win. “The existing industrial […]

Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

Business Community: Govt Must Clarify Laws to Secure Investment

​​ RANGOON — Local and international business leaders urged the ruling National League for Democracy (NLD) government to clarify the country’s laws to secure significant foreign investment. The comments were made at a forum on promoting business in Burma at the Sedona Hotel in Rangoon on Thursday organized by international media company Bloomberg and attended […]

Thailand Set to Lend Myanmar $128m to Build Road From Dawei SEZ to Border

​​ Thailand is due to lend Myanmar $128 million to build a road from the Dawei Special Economic Zone to a town across the Thai border, according to a minister. Thai Transport Minister Arkhom Termpittayapa­isith said Myanmar rep­resentatives agreed to the loan at a joint committee meeting of the SEZ last month, according to the […]

Thilawa Extends to Zone B

​​ The Thilawa Special Economic Zone (SEZ), involving more than US$ 1 billion investment, will be extended to Zone B and construction of infrastructures will be completed by mid-2018, SEZ Management Committee Chair U Set Aung told the media. Total FDI in Zone A has amounted to US$1055 million and the zone is now 95% […]

SEZ to Import Japanese Agriculture Machineries

​​ Agricultural machinery manufacturer Yanmar Myanmar Co Ltd in Thilawa Special Economic Zone (SEZ) will not establish production lines in Myanmar but will import and distribute those machineries, Takesi Terada, the firm’s managing director, told the Myanmar Times. Yanmar Myanmar, a joint venture between Yanmar and the Japanese corporation Mitsui, has established import and distribution […]

Myanmar officials say work on Dawei SEZ could restart

Plodding progress is being made on the long-delayed Dawei Special Economic Zone, according to Tanintharyi Region government officials, who are hoping the project will restart soon. Regional government officials visited Japan last month to discuss that country’s potential participation in the SEZ and reported strong interest, the Myanmar Times reported on Thursday. Tanintharyi Region chief […]

Tanintharyi Officials say Work on Dawei SEZ Could Restart

​​ Plodding progress is being made on the long-delayed Dawei Special Economic Zone, according to Tanintharyi Region government officials, who are hoping the project will restart soon. Regional government officials visited Japan last month to discuss that country’s potential participation in the SEZ and reported strong interest. Tanintharyi Region Chief Minister Daw Lae Lae Maw […]