Kubota to Join $92 Million Project to Improve Water Supply System in Yangon

YANGON – Farming and construction equipment manufacturer Kubota Corp. has said it will build water supply infrastructure in Myanmar’s commercial capital of Yangon together with other Japanese and South Korean partners, to meet growing industrial and household demand for clean water in line with the Southeast Asian country’s economic development. The company, which also provides water […]

External trade rises year-to-date, but border trade stalls

Trade between Myanmar and its international counterparts hit $16.9 billion between April 1 and October 13 in the current fiscal year, government data revealed. That’s an increase of $2.9 billion over the same period in the previous fiscal year. The rise in external trade came despite a substantial drop in business at many of Myanmar’s […]

Nay Pyi Taw needs to ensure investors aren’t misled over Rakhine crisis

Interview with Felix Chung, honorary chair of the Hong Kong Myanmar Manufacturers’ Association THE responsibility lies squarely with Nay Pyi Taw to ensure that foreign investors are not misled over the Rakhine crisis, according to a manufacturer association. The Myanmar Times sat down with Felix Chung, honorary chair of the Hong Kong Myanmar Manufacturers’ Association […]

Manufacturing sector absorbed more foreign investments in Thilawa SEZ

Foreign direct investments in Thilawa SEZ primarily flowed into manufacturing sectors which accounts for 73 per cent of total FDI in the zone. At present, FDI in Thilawa SEZ reached more than US$1.14 billion so far. Manufacturing sector in Thilawa SEZ absorbed investments of about US$843 million in 62 enterprises. Trading sector attracted investments of […]

Eco-friendly and job-creating investment being given priority to invest in Thilawa

Myanmar- Japan Thilawa Development Ltd (MJTD) has permitted investments in Thilawa Special Economic Zone giving priority to those who can create better job opportunities for the local people and are more eco-friendly. Currently, a total of 84 companies have been permitted to invest in Thilawa SEZ Zone A and the first phase of the Zone-B, […]

New Urban Development Projects for Six Satellite Townships in the Works

The Ministry of Construction (MOC) is planning new urban development projects for six satellite townships as part of a strategic plan to develop Yangon, according to the MOC and the Department of Urban and Housing Development. Six new satellite towns – Shwe Lin Ban, Pan Hlaing, Thilawa, Front Dagon, Htauk Kyant as well as the […]

Deep-sea port needed for delta region to boost logistics

The recommendations are published in the position paper released by the European Chamber of Commerce Myanmar (EuroCham) in June as part of EuroCham’s annual White Book. The publication highlighted the need for Myanmar to establish deep-sea ports in order for the country to realise its geographical advantage and become a logistics hub in Asia. Despite […]

France’s TOTAL Company Suggests Local Fuel Dealing to MIC

DENKO fuel station being opened in Mawlamyaing Township, Mon State (Photo-DENKO Facebook) France-based Total Company has proposed a local fuel deal in cooperation with the Denko Trading Co. Ltd., to Myanmar Investment Committee (MIC). They have requested approval from the Ministry of Electricity and Energy, according to Directorate of Investment and Companies Administration (DICA). “Currently, […]

Urbanisation does not mean all roads lead to Yangon

Linking secondary cities to Yangon or Mandalay as well as smaller towns in the regions will filter down economy activity in the two big cities to local regions, the author of Urban Myanmar said. Urban Myanmar, a policy note published by International Growth Centre, outlines how cities in Myanmar can become drivers of economic growth […]

Belt and Road is not the only game in town

Belt and Road is not the only game in town for Myanmar. Without doubt, the scheme is important and relevant; nonetheless, it is just part of the opportunities Myanmar has access to. The government, businesses and other stakeholders should act decisively to seize the opportunities, within and beyond the Belt and Road. In the past, […]