Myanmar’s Dagon invests in Burst Networks’ upcoming Tier IV data center

Yangon facility gets closer to reality with a new investment Myanmar conglomerate Dagon International Limited has acquired a 14 percent stake in a data center being built by regional telecoms company Burst Networks The project aims to be the country’s first Uptime-certified Tier IV data center, and is located in the Thilawa Special Economic Zone […]

Elite Company joins LPG race

Elite Company has been granted permission to distribute Liquefied Petroleum Gas (LPG) in Myanmar, director of State-owned Myanma Petrochemical Enterprise (MPE) U Aung Myint told The Myanmar Times after a press conference on October 12. LPG is a flammable mixture of hydrocarbon gases used as a substitute for electricity in cooking. Elite Company will start […]

MTSH falls upon trading ex-dividend, spurs rumours of share sale

Shares of Myanmar Thilawa SEZ Holdings Public Limited (MTSH), which is listed on the Yangon Stock Exchange (YSX), have plunged since trading ex-dividend on August 9. MTSH has proposed a dividend of K260 per share for the financial year ended March 31, 2017. Shareholders will be asked to approve the dividend at the company’s 4th […]

Why Myanmar is important to Japan

From the Thilawa Special Economic Zone (SEZ) to a large-scale mixed development project just opposite Shwedagon Pagoda in the heart of Yangon City, Japan’s presence in Myanmar is growing fast. Since 2012, its combined investments in Thilawa and that approved by the Myanmar Investment Commission (MIC) have risen by 6.3 times, to US$341 million in […]

Thilawa SEZ attains over US$120million FDI in two months

Over US$122million of foreign direct investments flowed into Thilawa Special Economic Zone (SEZ) so far in the current Fiscal Year 2017-2018, under previously permitted investments by Myanmar Investment Commission increasing. The investors from 16 foreign countries put investments into Thilawa.Last Fiscal Year 2016-2017 saw FDI of US$262.588million. Thilawa received FDI of nearly US$ 980million, including […]

Myanmar: The New Hotbed for Satellite

The stunning landscape of Myanmar hides a tempestuous past that features its struggle for independence and eventual democracy. In 2010, the country sat on the cusp of massive change when the military junta handed over power. After 48 years of oppressive rule, a metamorphosis is occurring across the country. The daily lives of Myanmar’s 51.4 […]

Local, foreign investments in first half of FY reach only US$2billion

Both local and foreign investments in the first half of fiscal year 2016-2017 reached only US$2billion, despite the fact that the investments are expected to hit US$6billion, according to Myanmar Investment Commission (MIC). The investments in the first six months of last year were over US$3billion, US$1 billion higher than that of this fiscal year. […]

Mizuho Bank and MAX Myanmar inked an MoU for business cooperation

Mizuho Bank and Max Myanmar Holdings signed a memorandum of understanding (MoU) for business cooperation with an aim at facilitating foreign direct investment (FDI) in Myanmar by Japanese companies. Mizuho Bank will be the first Japanese bank to sign an MoU with Max Myanmar. Mizuho has been supporting Japanese companies entering Myanmar. It opened a […]

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 […]

Japan based Toyo Seikan Co to join hands with Loi Hein Company

Japan based Toyo Seikan Co., Ltd will join hands with Loi Hein Company to set up a can manufacturing factory, it is learnt. Toyo Seikan Co., Ltd has already pledged to make an investment of US$23.5million in the factory. The joint venture (JV) will be founded under the name of Yangon Can Manufacturing Co., Ltd. […]