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Yakult bets on Myanmar market for further growth

Yakult, the Japan-headquartered probiotic drinks maker, has invested in a US$47 million factory in Myanmar’s Thilawa Special Economic Zone. Yakult, which has factories in 39 countries around the world, now wants to expand into Myanmar, said Yakult Myanmar Co Ltd’s managing director Mr Hideki Kawasaki at a press conference at Yakult’s new factory in Thilawa […]

Myanmar’s strategic coastline draws big Asian economies

YANGON — Asia’s biggest economies of China, Japan and India are aggressively backing new port projects in Myanmar, seeking to gain a foothold on the coastline of the geographically prized nation. Located between China, India and Southeast Asia, Myanmar features prominently in regional plans to boost logistical connectivity. Especially eager to expand its presence has […]

Toyota to build new plant in Myanmar

Toyota Motor Corporation will be building its first vehicle production company in Myanmar where it will locally produce the Hilux from February 2021. The announcement comes after other carmakers like Suzuki, Nissan and Ford established factories in the country. The automotive market in Myanmar has soared in accordance with the growth of the economy. The […]

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 […]