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Special economic zones pull in over $208 mln in investment

More than 110 enterprises, including four domestic businesses, invested US$208 billion in the Special Economic Zones (SEZs), under the Special Economic Zone Law, as of 10 July in the current fiscal year, according to figures released by the Directorate of Investment and Company Administration. Singapore topped the list of foreign investors, accounting for more than […]

MTSH to back other Myanmar SEZs, Yangon development projects

Yangon Stock Exchange-listed Myanmar Thilawa SEZ Holdings (MTSH) will invest in new special economic zones (SEZs) in Myanmar and development projects in Yangon for more growth, U Aung Soe Tha, Managing Director of MTSH, said at the exchange on Sunday. The move will see MTSH invest beyond Thilawa SEZ and in the growth and development […]

Why Myanmar’s government needs to do more to maintain economic growth

Myanmar’s economy is growing. In particular, the manufacturing and retail sectors are booming. However, the government must address significant challenges to maximise Myanmar’s growth potential. The manufacturing industry grew dramatically The government set bold industralisation targets. It wanted to promote manufacturing exports and lessen the country’s reliance on oil and gas. Industry, including manufacturing, contributed […]

SEZs offer lessons for manufacturing

SPECIAL Economic Zones (SEZs) in Myanmar are considered by the Ministry of Industry as the main pillar of economic development, according to the ministry’s spokesperson. The government aims to boost the growth of manufacturing sector by linking the SEZs and domestic industrial zones. U Ko Ko Lwin, permanent secretary of the Ministry of Industry, said […]