MIC approves multi-million dollar industrial park in Hlegu

The Myanmar Investment Commission (MIC) on July 31 approved the US$230.6 million Hlegu Industrial Park, which will be developed by Singapore’s Sembcorp Industries. The project, set to cover some 436 hectares in Hlegu township, Yangon, was signed between Sembcorp CSSD Myanmar Co and local partners Phatama Group Co Ltd and Myanmar Agribusiness Public Corp (MAPCO) […]

Work on US$230 million industrial park in Hlegu expected to start in March

Work on the US$230 million (K338.7 billion) Singapore-Myanmar Hlegu Industrial Park project is set to begin in March 2020, one of the investors in the project has announced. The agreement for the project, set to cover some 598 hectares in Hlegu township, Yangon, was signed between Sembcrop CSSD Myanmar Co, the local arm of Singaporean […]

Forest fire destroys plantations in Myanmar’s Yangon region

YANGON, May 1 (Xinhua) — A forest fire has destroyed over 100 acres ( 40.5 hectares) rubber and bamboo plantations in Yangon region, according to the country’s Fire Services Department late on Tuesday. The forest fire broke out at a rubber farm in Potethinnyo village in Hlegu township of the region on Monday afternoon. The […]

Yangon Lawmakers Call Local Govt’s Industrial Zone Projects ‘Unrealistic’

YANGON — Yangon lawmakers have criticized the industrial zone projects of the regional government as “unrealistic.” Lawmakers on Tuesday discussed the regional government’s plan to establish 11 new industrial zones on the city’s outskirts. It was announced by Yangon Region Chief Minister U Phyo Min Thein last month on the sidelines of the Yangon Investment […]

Yangon Govt Submits Plans for New Port, Industrial Zones

YANGON — The Yangon Region government is seeking approval for 11 new industrial zones on the city’s outskirts and a new multipurpose port terminal near the mouth of the Yangon River to promote regional development, create jobs and attract foreign investment. Yangon Region Chief Minister U Phyo Min Thein first revealed plans for the new […]

Garment Industry Must Raise Value Proposition to Stay Sustainable

2017 was a strong year for the garment export sector. During the seven months between April and November, some $1.5 billion worth of garment products were shipped out of Myanmar, bound for warehouses owned by the likes of Uniqlo and Primark in Japan and Europe, according to the Ministry of Commerce (MOC). The pace of […]

New SEZ at Dala Township on the Cards

A new Special Economic Zone (SEZ) will be established at Dala township in the Yangon Region after completion of the Yangon-Dala Bridge, said Yangon Chief Minister U Phyo Min Thein at the Challenges for Business Enterprises in 2018 public talk at the Union of Myanmar Federation of Chambers of Commerce and Industry headquarters on Sunday. […]

Drones Banned in Yangon Townships Due to Airport Hazard

For the safety of flights landing at Yangon International Airport, Yangon Region General Administration Department has issued an order dated November 28, banning drones and other unmanned aircraft (UA) in 16 townships in Yangon. An official of the Yangon Region GAD said the covered townships are North Okkalapa, North Dagon and East Dagon in the […]

New Industrial Zones Planned at 11 Townships in Yangon Region

The Yangon Region Government is planning to construct new industrial zones in 11 townships outside the Yangon, according to U Nay Win, representative of Pyithu Hluttaw in Thongwa township of Yangon region. U Phyo Min Thein, Chief Minister of the Yangon Region Government met representatives of parliament and the departments of relevant ministries to discuss […]

Yangon allocates additional K47 billion budget

The Yangon Regional government allocated K47 billion supplementary budget for fiscal year 2017-2018 to fund several road construction and rehabilitation projects, the regional minister of planning and finance said. U Myint Thanung, regional minister of planning and finance, said the additional budget was necessary since the original estimated regional budget of K424.2 billion was already […]