The government is planning to develop the new industrial zone projects in Yangon as foreign investors have to pay higher land rental, according to the pre-briefing on Yangon Investment Forum 2018, at Cooperative Business Centre in Yangon on May 2. Myo Khaing Oo, Joint-Secretary of Yangon Region Investment Committee said: “There currently are 30 industrial […]
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 […]
Millers, merchants urge illegal China-bound rice be stanched
The illegal outflow of rice via China’s border routes needs to be addressed through existing policies, regional rice-mill associations and local rice merchants have told the government. The export of rice without licence via Muse and Lwejel regions along the border with China, they said. Many bags of rice are being smuggled out of the […]
Developer brushes off concerns about Myotha Industrial Park
DEVELOPER Mandalay Myotha Industrial Development has brushed off human rights concerns and accusations in relation to the Myotha Industrial Park in Mandalay, while the International Federation for Human Rights argued that the process for the establishment of the park underscores the failure by the developer to conduct proper human rights due diligence. Tensions and confrontations […]
Myanmar sells $3bn in gems
Myanmar’s annual gem emporium took in more than $3 billion this year, the most ever for the country’s annual sale of gems and jade, organizers said Tuesday. Income reached $3.4 billion and saw the successful auction of 6,007 of 7,454 jade lots, 126 out of 436 gem lots and 224 of the total 342 pearl […]
Thilawa impact studies will be released in full
The environmental and social assessments conducted for phase two of the Thilawa Special Economic Zone will be made available to the public in their entirety, said reps from the Japanese and Myanmar companies tasked with the project. ERM-Environmental Resources Management (Japan) Limited and Myanmar’s E-Guard Environmental Services Co made the promise to residents at an […]
Investors waiting to bid as Kyaukphyu SEZ masterplan gets underway
Subscribe to our tender alert mailing list Would be investors in the Kyaukpyu Special Economic Zone in Rakhine State are awaiting invitations to tender, but no date has yet been set for the issuance of invitations as experts work on a master plan for the zone. A consortium of consulting firms selected to develop the […]