Toyota Myanmar Co. Ltd held a groundbreaking ceremony at the construction site for its new manufacturing plant at the Thilawa Special Economic Zone on Friday. The US$52.6 million plant is expected to be ready and operating from February 2021 onwards. It will produce 2500 Toyota Hilux pickup trucks per year using the semi knock-down method. […]
Rice industry urges legislation to regulate supply chain
July 2, 2018 by
The country’s leading business group for rice is pushing the parliament to legislate a new law to regulate the sector. The Myanmar Rice Federation (MRF) is advocating the legislation of a draft rice law, U Ye Min Aung, secretary of MRF, said. In March, the MRF organised a stakeholder forum for the rice sector in […]
Domestic businesses are failing, UMFCCI survey reveals
June 5, 2018 by
Domestic businesses are struggling to grow and many are on a downward trend, according to the latest survey conducted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The UMFCCI’s survey supports the findings of two previous studies conducted in the last six months by Roland Berger and the European Chamber […]
German ambassador lauds vocational training centre
February 16, 2018 by
The German ambassador spoke of the value of vocational training at the inauguration ceremony of the No. 1 Industrial Training Center (Sinde) held in Pyay on February 8. The project is co-funded by the German government and the Myanmar government. Mrs. Dorothee Jantzke-Wenzel, German Ambassador to Myanmar, had the following to say at the event: […]
Yangon-Mandalay Train Journey will Shorten to 8 Hours by 2023
January 21, 2018 by
Japan has thrown its weight behind Myanmar’s railway development by funding the Yangon-Mandalay railway, according to the country’s foreign minister Taro Kono who held a joint press conference in the capital with State Counsellor Daw Aung San Suu Kyi on January 12. The railroad upgrade programme is expected to cut travel time between Yangon and Taungoo […]
Government expects growth of 6.8pc in 2017-18
January 16, 2018 by
Despite the slowdown in economic growth, the growth rate for Myanmar is expected to reach 6.8 percent for the fiscal year 2017-18, U Htin Kyaw, the country’s president, said during the national planning commission’s meeting on Tuesday, according to the president’s office. This is because the weather in the time of harvest was favourable as […]
Shwetaung Chosen as Lead Developer for Ayarwon-Yadana Housing Project
January 9, 2018 by
The Construction Ministry has chosen Shwetaung Construction Company as the lead developer for the Ayarwon-Yadana Housing project, said Min Htein, director-general of Urban and Housing Development Department under the Construction Ministry. “The company has many years of experience,” he announced at a discussion on the proposed housing law held December 26 at the Myanmar Construction […]
Myanmar better off in good graces with the West
Two developments stood out in Myanmar’s international relations landscape in 2017: The increasing Chinese influence in the country and the immense diplomatic pressure from international community on the government’s handling of the Rakhine crisis. Analysts cautioned Myanmar against overdependence on China for its development and urged the country to mend ties with the West to […]