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. […]

Flexenclosure Receives Multi-million Dollar Data Centre Order in Myanmar

Stockholm-based telecom infrastructure firm Flexenclosure has received a multi-million dollar data centre order from broadband service provider Burst Networks. Under the deal, Flexenclosure will deliver a customised prefabricated modular data centre, its eCentre, for Burst in Myanmar, which is considered one of the fastest growing ICT markets in the world. The eCentre will be built […]

Thilawa factories to create 5,000 jobs

Six factories now under construction in the Thilawa Special Economic Zone (SEZ) will create as many as 5,000 jobs, according to Myanmar Thilawa SEZ Holdings Public Limited (MTSH). The factories are expected to be completed within six months, with some operational by the end of this year, MTSH says. All the factories are to be […]