Hybrid Myanmar: How A Quiet Market Could Leapfrog Traditional Data Centre Players

Political reforms, a growing economy and a speeding adoption of digital services are bringing the once isolated Myanmar out of the shadows. In the new decade, with the arrival of digital, the development of TMT infrastructure is starting to gain pace, but much work is still needed. João Marques Lima investigates. In the heart of […]

South Korea eyes Myanmar investments in manufacturing, infrastructure

South Korea is eyeing expansion opportunities in manufacturing and infrastructure in Myanmar. At the Myanmar-Korea Investment Promotion Seminar in Yangon on Thursday, a delegation of 13 South Korean countries met with officials from the Ministry of Transport and Communication and Ministry of Electricity and Energy (MOEE), seeking opportunities to invest in the two sectors. “We […]

Japanese investor interest in Myanmar still high despite lower FDI

The Japanese remain interested in expanding their presence in Myanmar despite lower investments in recent years compared to before and a refugee crisis unfolding in northern Rakhine. At the 13th Joint meeting of the Myanmar-Japan CCI Business Cooperation Committees in Yangon on October 23, the new Investment Law, development of small and medium enterprises (SMEs) […]

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. […]