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Japan goes long on myanmar

Japan is playing a central role in assisting Myanmar’s ongoing financial reforms and attempts to achieve industrialisation. Japan is interested in Myanmar from both an industrial and a financial perspective, while Burmese officials see Japan as a natural partner for financial cooperation. Japan’s public–private assistance for financial development in Myanmar emerged in a Financial Services […]

Myanmar plant to assemble Toyota Hiluxes

The Japanese auto giant plans to establish its Myanmar unit for vehicle production Toyota Myanmar Co in June and construct a new plant in the Thilawa Special Economic Zone in the southern suburbs of Yangon at a cost of $52.6 million. Toyota will hire about 130 employees to build some 2,500 units of Hilux pickup […]

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 […]

Toyota to build factory in Myanmar

Toyota Motor Corp. is planning to build an automobile factory in Myanmar, The Yomiuri Shimbun has learned. An official announcement could come before the end of the month, with construction on the plant to start this year. The plant would be located in the Thilawa Special Economic Zone (see below) on the outskirts of Yangon […]

Construction of Yangon’s Outer Circular Road to Begin by Year End

YANGON—Myanmar’s Ministry of Construction has announced it will construct two circular roads inside and outside Yangon with the assistance of the Japan International Cooperation Agency (JICA). Construction of the outer road is to be divided into four phases and will start with the eastern section, according to U Kyi Zaw Myint, deputy director general of […]

Japan-backed bridge project begins in Yangon

Construction of a Japan-funded bridge in Myanmar, seen as a symbol of competing interests between China and Japan, kicked off Wednesday with a groundbreaking ceremony in Yangon, the country’s commercial capital. The bridge, funded by a ¥31 billion (K427.5 billion) low-interest loan from the Japan International Cooperation Agency, will be constructed over the Bago River […]

On track to meet Yangon’s growing water needs

With the hot season not far away, water shortages are set to become a problem again in many parts of Yangon. According to U Myint Zaw Than, Yangon City Development Committee (YCDC) deputy head of the Engineering Department for Water and Sanitation, the YCDC supplies water from four sources via a network of pipes. For […]

The wait’s nearly over for foreign insurers

After waiting years to enter the Myanmar market, foreign insurance companies have been told they can expect to be granted operating licences within months. The licences will be issued under an industry liberalisation plan that was delayed for more than a year – a hold-up that the regulator, the Insurance Business Regulatory Board, has defended […]

City Loft opens for sale on the back of rising demand for Thanlyin property

Units of City Loft apartments in Thalyin, Yangon, are now open for sale. Developed by Yoma Land Company, the project targets middle-class buyers. City Loft will occupy 22 acres of land in the StarCity compound in Thalyin, another project developed by the Yoma Land. Phase 1 of the project, which is expected to be complete […]

Foreign insurance firms can give Myanmar’s lagging insurance market a much-needed boost

It has been a long time coming, but foreign insurance companies will soon be able to operate in Myanmar. Plans to liberalise the insurance market in this way were first announced in 2011. But only now has the government given the regulations the go-ahead. It is too late for those companies that left after becoming […]