After more than two years of negotiations, the Myanmar government and China’s state-owned CITIC Group signed the framework agreement for the proposed US$1.3 billion deep-sea port in Kyaukphyu on November 8. At the press conference, CITIC chair Chang Zhenming said this meant “the beginning of further steps”. “Signing this agreement is the starting step for […]
Hlaing Tharyar industrial zone to be upgraded in pilot project
August 9, 2016 by
Yangon Region government is to call on private industry to fund an upgrade of Hlaing Tharyar industrial zone to serve as a pilot project for the nation. Hlaing Tharyar, the country’s biggest industrial zone, suffers a litany of problems, including inadequate electricity, poor roads and ageing infrastructure. U Khin Maung Oo, general secretary of Hlaing Tharyar […]
Industrial leaseholders warned they would lose if no business is done
November 3, 2014 by
The Yangon region industrial zones management committee has warned it will retake 2,339 land plots and 1,299 warehouses located in 29 industrial zones in Yangon region by February 2015 if they are not used for business purposes. Land plots and warehouses occupy more than 4,418 acres of space in total, according to the committee. The […]
Second phase of Thilawa SEZ now underway
July 8, 2014 by
The second phase of the Thilawa Special Economic Zone has just been initiated on a 2000 hectare plot in Kyauktan Township, 20 km southeast of Yangon. Organisers of the industrial project are currently undertaking an environmental and social assessment to see how the development will impact local surrounding areas. “What we’re doing now is to […]
Thilawa SEZ Construction Permit by July
June 16, 2014 by
Construction permits for Thilawa Special Economic Zone will be granted by July, U Set Aung, chairman of Thilawa SEZ Management Committee, said. Most of the countries seeking permit are from Asia, he added. A total of 45 companies from 11 countries have currently applied for permits for the 394-hectare (960 acres) Class A area, which […]
Electricity issues to threaten big industry
February 24, 2014 by
With another summer approaching, Yangon industrial estates are again facing the prospect of massive power outages that owners expect will cost industrialists hundreds of thousands of dollars in profit, while hurting the commercial capital’s efforts to bolster an investor-friendly reputation. In the summer months of March to May 2013, factories had as little as three […]
Thilawa SEZ Shares to Go on Sale to Raise $21 Million
February 24, 2014 by
Shares of Myanmar’s Thilawa Special Economic Zone (SEZ) will go on sale in March in a bid to raise $21.8 million to fund the first phase of construction of the SEZ near the country’s commercial hub Yangon. The plan was announced last week at a news conference by U Set Aung, chairman of Thilawa SEZ […]
Manufacturing could start in Myanmar’s Thilawa zone in mid-2015
February 24, 2014 by
Feb 21 (Reuters) – About 40 foreign manufacturers are interested in setting up in the Thilawa economic zone being developed with Japanese help outside Myanmar’s main city, Yangon, and commercial operations could start in mid-2015, a Myanmar official said. Myanmar has opened up since a quasi-civilian government took office in 2011 after decades of military […]
