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Myanmar, Thailand accelerate plans to link, electrify Dawei SEZ

Myanmar and Thailand will speed up development of a Special Economic Zone (SEZ) and deep sea port at Dawei in Tanintharyi Region, officials said during the 9th Myanmar – Thailand Joint Coordinating Committee meeting last week. Basic infrastructure such as roads connecting the SEZ to Thailand and necessities like electricity will be prioritised and carried […]

Thilawa SEZ set to benefit from east west economic corridor

The Thilawa Special Economic Zone near Yangon is set to become a vital link in the East West Economic Corridor linking Myanmar, Thailand, Laos, Cambodia and Vietnam says an official from the Japan International Cooperation Agency (JICA). The East West Economic Corridor development project aims to link transportation and logistics networks to promote investment and […]

Centara Hotels celebrates Myanmar entry

Centara Hotels and Resorts is set to expand into Myanmar through a hotel management agreement with KMA Group, a subsidiary of Kaung Myanmar Aung Group of Companies, to operate Centara KMA Resort Inle Lake. The 95-room hotel is located on the shores of Inle Lake, one of the key landmarks of central Myanmar. It is […]

Actor appointed tourism ambassador to Thailand

Top Myanmar model and actor Paing Takhon has been named the country’s tourism ambassador to Thailand by the Myanmar Tourism Marketing Association. Paing Takhon, who has a strong fan base in Thailand, and representatives of the association signed the deal in Yangon on Saturday. The association expects Paing Takhon to attract more Thai visitors to […]

Traders call for higher trade volumes with Thailand as deal ends

A special agreement for Myanmar to export maize to Thailand has ended, the government announced recently. The deal was initially signed last year after China imposed restrictions on its imports of maize. In search of new markets for its maize, Myanmar negotiated a deal with Thailand. “The timeframe for the exports of Myanmar maize to […]

China’s sugar ban to be lifted or eased

There could be a sliver of light at the end of the tunnel for businesses involved in the sugar industry as a Chinese team will be in Myanmar to inspect sugar quality and the mills in a prelude to a resumption of sugar sales to China. Myanmar Sugar and Sugar Related Products Merchants and Manufacturers’ […]

Local property buyers investing overseas

Local property investors may not be buying much property in Myanmar at the moment, but a growing number have been snapping up units overseas. Sai Khun Naung Real Estate Company and Singapore-based real estate broker DWG will be holding an exhibition of luxury condominium properties from Thailand, Malaysia, UK and Japan for those interested in […]

PTTEP, GPSC banking on Myanmar gas plant

SET-listed oil and gas drilling firm PTT Exploration and Production Plc (PTTEP) has finalised a plan for a new gas-fired power plant in Myanmar with a capacity of 600 megawatts in collaboration with Global Power Synergy Plc (GPSC). Both companies, affiliates of PTT Plc, are working to finish a feasibility study, prepare for a development […]

Nissin Electric shifting production to Myanmar from Thailand, Vietnam

Metal parts and equipment maker Nissin Electric Co of Japan will build a plant in Myanmar, relocating some production processes from its factories in Thailand and Vietnam to cut labour costs in its contract manufacturing business. The company said early this week it will form a joint venture with Hosoda Holdings Co, a Japanese trader […]

Nordic Group Expands into Thailand

Yangon 22 May 2019 In an unusual example of outward investment, Myanmar Logistics provider Nordic Group has announced the startup of of Nordic Logistics Ltd in Thailand to support its new road transport service between Thailand and Myanmar. Nordic Group was co-founded in 2015 by Mon Myat Thu and Thorstein Svendsen, and has rapidly emerged […]