03 April 2014
Japan’s foreign minister, Fumio Kishida, met up with his Burmese equivalent, Wunna Maung Lwin, along with President Thein Sein and opposition leader Aung San Suu Kyi during the course of two days of political and economical conversations last week. Kishida arrived in Rangoon on Sunday afternoon and restated Japan’s support for democratic changes, as economic […]
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22 March 2014
CPG Consultancy Ltd., a Singaporean company, is signing with the Kyaukpyu Special Economic Zone’s bid invitation and selection committee and serving as the key advisor for choosing and inviting international developers to the SEZ. The news came from Ba Shwe, a committee member. The Kyaukpyu SEZ covers 1000 acres and is located four miles from […]
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14 March 2014
The Kyaukpyu Special Economic Zone (SEZ) project is to be developed by a public company made up of 11 Burmese businessmen. According to reports, Mya Han, Fortune International Company chairperson, will be acting as chair of the new public company. About $277 million is going to be spent building the Kyaukpyu SEZ, which is being […]
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03 March 2014
Singapore-based syndicate Creative Professional Group (CPG) has landed a hotly-contested bid to operate as advisor for the Kyaukpyu Special Economic Zone, it was declared in Yangon on March 3. CPG earned the tender from the Singapore subdivision of Netherlands-based KPBG, that was considered as backup advisor, the combined secretaire of the Kyaukphyu SEZ bidding assessment […]
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29 January 2014
Recently enacted legislation in Burma, also known as Myanmar, includes significant tax incentives for investors in Special Economic Zones (SEZ). President Thein Sein signed the new tax law into effect on January 23rd, and the laws were reported on by state-owned media outlets on January 25th. Income tax exemptions are allowed for both local and […]
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09 December 2013
Chinese investors were urged by Burmese officials to make an investment in the Kyaukpyu Special Economic Zone (SEZ) during talks between the two countries. The discussions happened Saturday as part of a bilateral trade meeting. The Kyaukpyu SEZ is located on Burma’s western coast and is one of three SEZ’s in the nation. At the […]
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26 November 2013
By the end of 2016, more than 58,000 jobs could result from the Kyaukpyu Special Economic Zone (SEZ) project. The first stage should be done by then, according to the SEZ Administration Committee. The project is expected to develop in three stages. The first stage will develop between 2014 and 2016. The second stage is […]
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25 November 2013
The Kyaukpyu Special Economic Zone (SEZ) has welcomed visitors from companies in China, India, South Korea and Taiwan in recent weeks, but the company representative appear uncertain about whether to invest in the area, according to an Arakan government official. U Maung San Shwe, minister of national planning and economic development for the state, said […]
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18 September 2013
From Sunday 22nd September, residents of Kyaukpyu will for the first time have the convenience of 24 hour electricity. Made possible by gas turbines from Shwe Gas pipeline terminal converting compressed natural gas into electricity, homes in the Kyaukpyu township and surrounding villages will have electricity at standard rates of 35 kyat per unit. Local […]
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10 September 2013
According to state-run media, the government in Burma will offer development bids in the Kyaukpyu Special Economic Zone (SEZ). Both international and national firms are invited to submit their own “comprehensive strategies”, the Bid evaluation and Awarding Committee (BEAC) chairman has stated. This comes from an official report in The New Light of Myanmar. Kyaukpyu […]
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