Thilawa Takes in $500 Million in Investment

From November 2014 to December, a total 48 companies from 12 countries invested more than $500 million in Thilawa Special Economic Zone, said vice president U Nyan Tun, who is also president of the Central Working Committee for Myanmar Special Economic Zones. “Of the three SEZ projects, the most successful and the first one that […]

Illegal hotels under spotlight as Bagan seeks heritage status

A government-backed campaign to have Bagan included on UNESCO’s list of World Heritage Sites has moved into a sensitive area following a decision by the Ministry of Culture to take action against hotels built illegally within the ancient city and temple complex. But it remains to be seen exactly what the government plans to do […]

Export boost from first strategy

Vice President U Nyan Tun rang in the official launch of the first national export strategy for the country yesterday in Nay Pyi Taw, which experts hope may prove to be a boost to trade abroad. The strategy, drafted primarily by the Ministry of Commerce with help from both the private and public sectors, will […]

China-Myanmar crude pipeline opens

BEIJING (AFP) – A pipeline pumping oil from Myanmar to China started a trial operation on Wednesday, Chinese state media reported, Beijing’s latest step to diversify energy imports into the world’s second-largest economy. The 771 kilometre (478 mile) pipeline will connect the world’s top crude buyer with a deep-water port in western Myanmar, reducing China’s […]

US to open foreign trade service branch in Myanmar’s Yangon

YANGON, June 6 (Xinhua) — The United States will open a foreign trade service branch in Myanmar’s Yangon in a bid to boost trade ties with the Southeast Asian nation, according to state media Friday. It was touched upon when Myanmar President U Thein Sein met with visiting U.S. Commerce Secretary Penny Pritzker in Nay […]

Myanmar attracts Japanese housing firms, car manufacturers

Myanmar’s transition to a democracy has opened new vistas for foreign companies. The country is now looking for better urban infrastructure and rapid economic development. Recently, “The Building and Housing Seminar between Myanmar and Japan” was held in Yangon to deepen cooperation between the two countries. Ichiro Maruyama, Minister-Counsellor, Deputy Chief of Mission, Embassy of […]

Myanmar drafts national energy policy

Myanmar is drafting a national energy policy which meets international standard and comprehensive suggestions from development partnership organizations and experts are being invited for the draft, official media reported Wednesday. Myanmar Vice President U Nyan Tun told the National Energy Management Committee that socio-economic development of the country cannot achieve success as expected not because […]