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 […]

JFE Steel to build Myanmar sheet factory for construction

TOKYO — JFE Steel will establish a Myanmar production center for high-grade steel sheet in 2020, anticipating rising demand for such value-added goods in a fast-growing market where urban development and foreign investment are expanding. The steel will be produced for construction, with annual capacity reaching 180,000 tons. Investment totaling roughly 10 billion yen ($88.4 […]