First Myanmar Investment First-Half Profit Jumps 52% on Year

​​ YANGON — First Myanmar Investment said Tuesday its net profit surged by 51.9%, year on year, to 6.2 billion kyat ($29.1 million) in the first fiscal half ended Sept. 30. Revenue at one of Myanmar’s largest public company jumped 49.4% on the year to 74.6 billion kyat. By sector, financial services contributed 67.4 billion kyat to […]

Yangon real estate market recovers late in the year

The Yangon real estate market has bounced back from a two-year cooling period at the end of the year, with sales and rentals of real property going well, said Yangon real estate agents. “It is a long time that the real estate market has been cool. However, the sales in the end of year are […]

Suzuki to make and sell high-end cars in Thilawa

Suzuki will manufacture highend cars next year at an auto manufacturing factory in Thilawa Special Economic Zone (SEZ), said Mr. Takayuki SuJiyama, Managing Director of Suzuki (Myanmar) Motor Co. Suzuki has already firmly established itself in the Myanmar automobile market and now plans to fulfill the need for all types of cars, Mr. SuJiyama said. […]

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 […]

Securities Commission Says Foreigners Cannot Buy Shares This Year

NAYPYIDAW — The Securities and Exchange Commission of Myanmar (SECM) will not allow foreigners to buy shares on the Yangon Stock Exchange (YSX) this year, said Maung Maung Win, deputy minister of the Ministry of National Planning and Finance. Only two companies have listed on the YSX to date—First Myanmar Investment (FMI) and Myanmar Thilawa […]

In Mon State, expanding quarries threaten farms

On a recent afternoon in May, the farmers of OhnTitbin Village Tract were tending to their betel nut and rubber plantations when a loud blast erupted at the foot of Kalama Mountain and shook the ground. Workers had set off an explosion in a local quarry located about 10 km away and a cloud of […]

Thailand reaffirms Dawei plans, but does Myanmar?

“The governments of Thailand and Myanmar reaffirmed that the Dawei megaproject will create thousands of jobs and improve the livelihoods of people along the border,” according to Thailand’s caretaker Prime Minister Gen Prayuth Chan-ocha. Prayuth was speaking at a joint press conference in Bangkok on Friday. Myanmar leader Aung San Suu Kyi also addressed reporters, […]

Shareholder structure could limit Thilawa share price

The share price of Myanmar Thilawa SEZ, one of two companies listed on the Yangon Stock Exchange, may be held back due to its shareholder structure, according to a recent research paper. MTSH became the second firm to list on the Yangon Stock Exchange last month, pricing its shares at K40,000. The stock closed at K57,000 yesterday, […]

Thilawa SEZ worker dorms to open soon

Dormitories built for the first wave of the huge numbers of workers expected to be employed at Thilawa special economic zone to the south of Yangon are nearing completion, SEZ officials say. The accommodation is designed for internal migrant workers who come from all over the country. U Nyan Thit Hlaing, director of Myanmar Thilawa […]

Myanmar Automated Cargo Clearance System to be installed in Thilawa SEZ in November

Myanmar’s Customs Department will install the new Myanmar Automated Cargo Clearance System (MACCS) at airports, port terminals and at the Thilawa Special Economic Zone in November this year, it has been learned. Plans are also underway to install the MACCS at cross-border areas after his new programme is successfully implemented within Yangon Region. With the […]