Infrastructure, safety standards needed for LPG industry to take off

The government is now more than half way through its term and time is running out for it to make good on its promise to double Myanmar’s supply of electricity within the next two years. But the government is not without backup plans to help it achieve its goals, one of which is replacing the […]

New industrial zone projects to be developed in Yangon

The government is planning to develop the new industrial zone projects in Yangon as foreign investors have to pay higher land rental, according to the pre-briefing on Yangon Investment Forum 2018, at Cooperative Business Centre in Yangon on May 2. Myo Khaing Oo, Joint-Secretary of Yangon Region Investment Committee said: “There currently are 30 industrial […]

Yangon gears up to lure more investment into business hub

AS INVESTORS await Myanmar’s new moves to open up the economy, the regional government of Yangon plans to unveil its investment strategies at the first Yangon Investment Forum (YIF2018) next week, according to a regional minister. Planning and Finance Minister Myint Taung said at a press conference on Wednesday that Yangon region Chief Minister Phyo […]

Asia AVA Gas to build LPG facilities in Yangon

Asia AVA Gas Company has entered into a joint venture with Myanma Petrochemical Enterprise (MPE), which falls under the remit of the Ministry of Electricity and Energy (MOEE) to undertake a project enabling the import, storage and distribution of liquefied petroleum gas (LPG) in Myanmar, Daw Yin Yin Aung, deputy director of MPE, told The […]

More Japanese companies to invest in Myanmar: Thilawa Special Economic Zone

More Japanese companies to invest in Myanmar: Thilawa Special Economic Zone Sawako Utsumi and Lee Jay Walker Modern Tokyo Times Increasing numbers of Japanese companies are investing in the Thilawa Special Economic Zone (SEZ) in Myanmar. Of course, this SEZ is especially important for Japan because it highlights the importance of Myanmar to political elites […]

New bridge to resolve Thilawa’s transport nightmare

INVESTORS in Thilawa Special Economic Zone (SEZ) and Thanlyin residents now see the light at the end of the long tunnel, as a new bridge connecting the area with Yangon is scheduled to complete within four years. The new Bago River bridge, expected to become operational in 2021, will be built next to the existing […]

Vietnam’s Eurowindow to build two factories in Myanmar

The Hanoi-based company Eurowindow, a leading integrated solution provider for doors and façades in Vietnam, which was established in 2002, plans to invest in Myanmar by building its first overseas manufacturing factories. The company’s CEO said that they aim to spend around US$ 120 million for two factories in Myanmar. “Myanmar has a lot of […]

Thaketa gas power plant inaugurated in Myanmar

A China- Myanmar joint venture Thaketa gas-fired combined cycle power plant was inaugurated in Yangon on Saturday. U Kyaw Win, union minister for the Ministry for Planning and Finance and chairman of the Myanmar Investment Commission, said that the project symbolizes an important step forward toward close cooperation between the two countries. He expressed his […]

Myanmar stresses importance of rule of law for national development

YANGON, March 12 (Xinhua) — Myanmar State Counselor Aung San Suu Kyi has stressed the importance of rule of law and its effect on national development, calling for enforcing rule of law to achieve peace for development. Addressing the Conference on Justice Sector Coordinating for Rule of Law in the capital of Nay Pyi Taw, […]

JFE Meranti Myanmar to build $85M steel plant in Thilawa

Japanese steel maker JFE Meranti Myanmar held its ground-breaking ceremony at Zone B of the Thilawa Special Economic Zone (SEZ) to much fanfare last Friday. It is the first to commence operations at Zone B. “This ceremony is a symbol of the development in Myanmar-Japan bilateral cooperation and friendship,” Vice President U Henry Van Thio […]