Archive | Business

Kyaukpyu Winner Announcement Postponed

Kyaukpyu Winner Announcement Postponed

30 January 2015

The announcement of the winner for the first stage of building the special economic zone (SEZ) in Kyaukpyu has been postponed. Management officials decided that the announcement will be made in February, rather than in December 2014 as originally planned. According to the Bid Evaluation and Awarding Committee joint secretary, U Aung Kyaw Than, the […]

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Maday Islanders Protesting Against Kyaukpyu Pipeline

Maday Islanders Protesting Against Kyaukpyu Pipeline

28 January 2015

The development of the oil pipeline that will link Kyaukpyu’s Arakan State port to China will start from January 30. However, many local residents want to protest against it due to the damage to the environment and land seizures due to the inauguration of the project. According to local people, there is a large group […]

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Kyaukpyu ready to receive oil from the Middle East

Kyaukpyu ready to receive oil from the Middle East

30 December 2014

Kyaukpyu Township is ready to receive oil from the Middle East. Ships will bring the crude oil to Madae Island, where it will then be sent to China through the newly created pipeline. A Rakhine State Minister recently made the announcement. From January 2015, the Kyaukpyu Deep Sea Port will see 100,000-ton oil tankers moor […]

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Investors Sought for Privatization of Domestic Airports

Investors Sought for Privatization of Domestic Airports

08 November 2014

Companies that are looking to get involved in domestic airport development will have the chance to do so following a plan to locate more investors for the privatization of Myanmar international airports, states the Department of Civil Aviation. As told to Mizzima, October 30 by U Win Swe Tun, the department’s director-general, “Upon completion of […]

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New Laws to Combat Property Speculation in Myanmar

New Laws to Combat Property Speculation in Myanmar

08 November 2014

You can now expect to see industrial-zoned land that is undeveloped face the risk of being fined or have their property seized by the Ministry of Industry. This comes in to action in an effort to fight the property speculation that is spreading quickly, according to U Thein Aung, a deputy industry minister. It’s common […]

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Deep Sea Port At Kyaukpyu Set To Open In November

Deep Sea Port At Kyaukpyu Set To Open In November

15 October 2014

Construction on the Kyaukpyu Deep Sea Port in the Rakhine state is complete and the facility will be ready to accept oil tankers in November, according to a local association and other sources. The port is on Maday Island east of the town and includes terminals as well as oil storage facilities. Docking can start […]

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MP’s Call For More Focus On Rakhine Development

MP’s Call For More Focus On Rakhine Development

10 October 2014

Upper house MPs in Myanmar have called the nation’s government to take actions that will improve the lives of people in Rakhine, calling it a “national duty”. Speaker U Khin Aung Myint called for speeding up development in the state in an effort to combat rampant poverty. U Hla Swe, representative of the Magwe Region, […]

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Japanese Investment In Myanmar SEZs Likely To Surge

Japanese Investment In Myanmar SEZs Likely To Surge

30 September 2014

Japan may soon be among the top three foreign direct investment nations or FDIs in Myanmar because of Japan’s investment in the three largest special economic zones being developed in Myanmar. Infrastructure developers and manufacturers from Japan are playing a large role in these zones. Currently, Japan is the 10th largest FDI source in Myanmar, […]

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Video: Why Kyaukpyu Special Economic Zone?

Video: Why Kyaukpyu Special Economic Zone?

13 September 2014

Promotional video from the Kyaukpyu SEZ roadshow which visited China and Singapore in 2014. Investors are currently being sought to develop the special economic zone (SEZ) which includes a natural deep sea port, industrial zone, gas and oil pipelines. The proposed site for the industrial park will be located south of the Kyaukpyu town, north-east […]

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Lowest Bid Does Not Guarantee Win In Kyaukpyu SEZ Project

Lowest Bid Does Not Guarantee Win In Kyaukpyu SEZ Project

10 September 2014

The lowest bid to build a gas-powered generating station at the Kyaukpyu SEZ has been placed by Hong Kong company, but officials say there is no guarantee that the company will win the contract. Four private firms places bids for the electricity generation project at the Kyaukpyu SEZ in Myanmar’s Rakhine State, also known as […]

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dHRwOi8vd3d3LnJhbXJlZS5jb20vd3AtY29udGVudC93b29fdXBsb2Fkcy8zLWxvZ28ucG5nIjt9PC9saT48bGk+PHN0cm9uZz53b29fdmlkZW9fY2F0ZWdvcnk8L3N0cm9uZz4gLSBWaWRlb3M8L2xpPjwvdWw+