Thilawa SEZ investment declines by 50% YoY
Investments in the Thilawa Special Economic Zone is the last victim of the COVID-19 induced economic fallout. The Thilawa SEZ in South Yangon has reported a 50-percent year-on-year decline in foreign investment, according to the SEZ management commit
Power investment has topped USD 1 billion since October
Foreign investment in the power sector has reached USD 1 billion over the first four months of the fiscal year, official data shows. The investments came from foreign companies working with the government and local partners to develop power plants, t
Yangon Stock Exchange will open to foreigners amid general corporate reform
Next month, foreigners will be able to make trades on the Yangon Stock Exchange as Myanmar continues to refine its corporate infrastructure and open its markets to direct foreign investment. In July of last year, the Securities and Exchange Commissio
Gwa, Rakhine, slated for beach resort
A local developer is requesting permission to build a luxury beach resort in Gwa, Rakhine State, that could help establish a new tourism destination to the western coast. The locally-owned Sea Lion Group has proposed the new “eco resort”
Sumitomo and KDDI to enter Myanmar mobile games market
Japanese firms KDDI Corp and Sumitomo Corp are planning to enter into Myanmar’s mobile games market, through a partnership with the state-owned Myanma Posts and Telecommunications. According to an article in the Myanmar Times, the two companies wil
