Myanmar races to feed a growing Yangon

YANGON/BANGKOK — Rapid urbanization in and around Myanmar’s southern city of Yangon has turned up the pressure to develop goods and services that can meet the rising demand. The gap has provided an opening for companies in one of Southeast Asia’s least-developed countries. Local real estate and construction conglomerate Dagon International set up a modern […]

Japan Inc. pours cash into Myanmar despite Rohingya crisis

YANGON — Japanese companies are investing aggressively in Myanmar with help from Tokyo, even as their European and American counterparts shy away while hundreds of thousands of Rohingya Muslims flee the country to escape persecution. Japan’s businesses were approved to devote a record $1.47 billion to the Southeast Asian nation for the fiscal year ended […]

Japan mulls resuscitating failed Hanthawaddy airport proposal

Japan and Myanmar are in discussions about resuscitating the failed Hanthawaddy International Airport project, according to the transport minister. U Thant Sin Maung, Minister for the Ministry of Transport and Communication, held a meeting with Tsukasa Akimoto, Japan’s State Minister of Land, Infrastructure, Transport and Tourism in Park Royal Hotel, Yangon, on April 30. 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 […]

Myanmar’s Manufacturing PMI Shows Strongest Manufacturing Growth in Eight Months

TOKYO — The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, improved to 51.7 in January from 51.1 in December. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The January reading was the highest since May 2017. “The latest upturn was supported by a strong expansion in new […]

Yangon developer looks to cash in on loop line improvements

YANGON — The Japanese trains trundling along the line that loops around Myanmar’s commercial capital, Yangon, are a throwback to an earlier era and a far cry from the modern carriages that whiz through Tokyo. But improvements to the Yangon Circular Railway are likely to speed things up a bit, starting this year, and they […]

Yangon-Mandalay Train Journey will Shorten to 8 Hours by 2023

Japan has thrown its weight behind Myanmar’s railway development by funding the Yangon-Mandalay railway, according to the country’s foreign minister Taro Kono who held a joint press conference in the capital with State Counsellor Daw Aung San Suu Kyi on January 12. The railroad upgrade programme is expected to cut travel time between Yangon and Taungoo […]

ANA Seeking Myanmar Venture After Two Failed Attempts Since 2014

ANA Holdings Inc. is attempting to set up a venture in Myanmar for the third time after previous efforts collapsed, as Japan’s largest carrier seeks to capture demand in one of Asia’s fastest-growing economies. “We’re going to find a new partner again,” Shinya Katanozaka, chief executive officer of ANA Holdings, said in an interview in Tokyo Thursday. […]

Bouygues, Kajima, Taisei win $1.1bn of Work in Myanmar

While international attention is focussed on the plight of more than 800,000 Rohingya Muslims forced from their homes in Myanmar’s Northern Rakhine state and sheltering in refugee camps in Bangladesh, the increase in foreign investment into Myanmar continues, leading to a rush to build modern office complexes in Yangon, the country’s commercial capital. Today it […]

AYA Bank, MPU, JCB Introduce First Corporate Credit Card in Myanmar

Yangon and Tokyo, Nov 14, 2017 – (ACN Newswire) – Ayeyarwady Bank (AYA Bank), a major commercial bank in the Republic of the Union of Myanmar, Myanmar Payment Union (MPU), and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., today announced that AYA Bank has launched the AYA Universal Corporate […]