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 committee. “The flow of foreign investment into the Thilawa SEZ has not completely stopped. Some discussions are ongoing,” Daw Than Than Thwe, joint secretary of the management committee, told The Irrawaddy this week. During eight months this year, only five foreign investments were approved for Thilawa SEZ.

By February, more than USD 2 billion (2.7 trillion kyats) in 117 foreign investments from 19 countries were approved at Thilawa since 2014-15.