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Discussion Starter · #21 ·
Marubeni eyes further investment in Myanmar

http://elevenmyanmar.com/business/2874-marubeni-eyes-further-investment-in-myanmar

Ywama gas-fired power plant, upgraded by Marubeni (Photo:Marubeni)





Marubeni Corporation, one of the largest general trading company from Japan, is eying to make investment in generating electricity, upgrading railroad tracks, selling machinery and investing in Thilawa Special Economic Zone, according to the announcement of the corporation.

Mr. Akihito Asayama, General Manager of the corporation, had a discussion about the investment with officials from Directorate of Investment and Companies Administration in Nay Pyi Taw on July 23.

The corporation stated Myanmar is located next to India, South East Asia, China and India Ocean and the country is one of the most talked about among international community in terms of investment potentials.

The corporation first entered Myanmar since 1942 and made investment in basic infrastructure and business development.

First project in Myanmar for the corporation was Belu Creek No.2 Hydropower Project and finished construction in 1960. The corporation continues to make investment in basic infrastructures, electricity and industrialised sector such as Takayta natural gas turbine and Moneywar copper refinery plant with loan and aid from Japanese government.

At present, the banks based in Japan and other corporations will implement the projects with aids from the Japanese government.
 

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Discussion Starter · #22 ·
Nissan launches S3 service centre in Myanmar

http://elevenmyanmar.com/business/2941-nissan-launches-s3-service-centre-in-myanmar

Officials seen at opening of Nissan S3 Centre (Photo:EMG)



Japan-based Nissan Motor Company opened an S3 Centre comprising of show room, service centre and spare parts shop in Yangon on Thursday, according local partners United Diamond Motor Company Ltd.

“We are going to expand Nissan brands popular among Myanmar people to achieve more success. We have appointed United Diamond Motor Company Ltd. as a partner because we have had relations with the company for 50 years,” said Hiroto Saikawa, Executive Vice President of Nissan.

He also added that Myanmar would become a new market development and it was one of the selected markets for international investors.

Nissan’s S3 Centre will provide vehicle maintenance, services for experts, offering the guarantee of original spare parts within 90 days and selling and manufacturing Nissan brand motors.

Malaysia-based Tan Chong Motor Group is Nissan's Southeast Asia distributor which also runs car showrooms, service centres and vehicle assembly in Malaysia, Thailand, Vietnam, Laos, Cambodia and Myanmar.

Nissan Motor Group is the second largest company in Japan and it was founded in December 1933.

Nissan has many popular brands including Sunny, GTR, Fairlady Z, Skyline and Serena to name a few.
 

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Discussion Starter · #23 ·
Fujifilm to open a branch office in Myanmar

http://elevenmyanmar.com/business/2928-fujifilm-to-open-a-branch-office-in-myanmar

Japan-based Fujifilm Holdings Corporation is planning to open a branch office in Myanmar to increase its sales and services sectors in the country.

The corporation, under Fujifilm Myanmar Ltd., will facilitate sales and services sectors in Myanmar and has registered with the Directorate of Investment and Companies Administration on July 24.

Fuji has exported and sold its products before and its franchise company in Myanmar was Mya Zaw Co. Ltd.

Fuji Photo Film Co., Ltd. was established in 1934 with the aim of being the first Japanese producer of photographic film. At present, the company is expanding to other high-tech products in addition to camera and film production business.

Fujifilm is now developing high-tech products such as digital cameras, 3D digital X-ray, film, cameras, medical systems, graphic systems, photo finishing products, motion picture products, optical devices, recording media, industrial products, image management and semiconductor materials.

Moreover Fuji Xerox, a joint venture owned by Fuji Photo and U.K-based Rank Xerox Limited (now Xerox Limited) is already working in Myanmar since April. Fuji Xerox is mainly producing copiers, printers and medical equipments.
 

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Discussion Starter · #24 ·
Myanmar approves manufacturing and distribution of Nissan cars

http://elevenmyanmar.com/business/3...manufacturing-and-distribution-of-nissan-cars

Myanmar Investment Commission has approved the manufacturing and distribution of Nissan cars in Myanmar by Tan Chong Motor (Myanmar) Co Ltd on August 15, according to a report from the Ministry of National Planning and Economic Development.

Malaysia-based Tan Chong Motor Holdings Bhd (TCMH), the business partner of Japan's Nissan Motor, has engaged in discussion with Myanmar authorities since last year to manufacture and distribute Nissan cars and spare parts in Myanmar.

TCMH Group's subsidiary ETCM (MM) Pte Ltd (Malaysia), registered as Tan Chong Motor (Myanmar) Ltd, is now to set up an automobile assembly plant in Bago Region.

Tan Chong Motor (Myanmar) will conduct the business as wholly-owned and a hundred percent foreign investment, said the ministry's report.

Meanwhile, Malaysia-based APM Automotive Indochina was also approved by the Investment Commission on August 15 to manufacture and distribute car spare parts.

As a hundred percent foreign investment, APM Auto Components Myanmar Co Ltd was allowed to build a manufacturing plant in Bago Region.

Other international auto-makers are also planning to open car sale centres and car showrooms in Myanmar by themselves or by their representative companies.
 

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Discussion Starter · #25 ·
NEC sets up base in Myanmar

http://elevenmyanmar.com/business/3067-nec-sets-up-base-in-myanmar

NEC Corporation is bringing its expertise in information and communications technology as well as social infrastructure to Myanmar with the opening of offices in Yangon in February and in Nay Pyi Taw.

"There is tremendous growth potential in Myanmar and this is an opportune moment for NEC to contribute to the country's IT needs," Takayuki Morita, a senior vice president of the Japanese company, said yesterday.

"NEC will focus on providing key international communications networks, such as submarine cable systems, ICT infrastructure for industrial parks, disaster-prevention systems, security systems, e-government systems and mass-market IT solutions," he said.

The leading provider of information-technology and network solutions and systems integrator has more than 35 years of experience with Myanmar's communications infrastructure, including telephone switchboards, wireless equipment, satellite ground stations and broadcasting systems.

On May 14, Sumitomo Corp and NEC, in cooperation with NTT Communica-tions Corp, signed an agreement with Myanmar's Communications and Infor-mation Technology Ministry to support the country's project for urgent improvement of communications TETworks (test environment toolkits). This plan includes a high-speed, high-capacity core optical transmission network capable of transmitting 30 gigabits per second among the cities of Yangon, Mandalay and Nay Pyi Daw, as well as LTE communications to provide coverage among sites of the SEA Games.

The systems are expected to be completed by November, followed by technical training and operating assistance.

NEC's Myanmar offices will be headed by Yasushi Teranishi of the global business unit in the Greater China and Asia-Pacific division.
 

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Discussion Starter · #26 ·
Japan-Myanmar Centre opens in Yangon

http://www.mmtimes.com/index.php/business/7779-japan-myanmar-centre-opens-in-yangon.html

The Japan International Cooperation Agency (JICA) is deepening its assistance to Myanmar by launching new programs to alleviate poverty, develop human resources and enhance ties between domestic and Japanese firms, the president of the agency said following the opening of the Japan-Myanmar Centre last week.

JICA’s Akihiko Tanaka also said that creating a proper investment environment in Myanmar is key to attracting Japanese businesses.

“Japanese companies are watchingvery carefully now,” he said. “When Myanmar can offer the right environment, they will come,” he added.Myanmar’s rapid exit from two decades of international isolation has caught the eye of foreign investors but is not in itself sufficient to attract investment.

Mr Tanaka said Japanese investors are seeking the “right infrastructure and institutions”before they invest. The new centre, which opened on August 9, is one component of the new infrastructure Myanmar needs to encourage investment. It has been formed by a partnership between JICA and the Union of Myanmar Federation of Chambers of Commerce and Industry. Mr Tanada said JICA chose the federation as its partner because it is the largest business network in Myanmar.

The centre will focus on human resources development. Japanese experts will provide technical training to Myanmar business people on a range of practical skills.JICA is launching two other projects in Myanmar. It will facilitate the development of engineering departments at two Myanmar universities by linking them with Japanese universities that will help update curriculum. The agency is also funding sign-language training for hearing impaired people.

Mr Tanaka said he had engaged in high-level talks with the government about JICA’s ongoing work in Myanmar. “I have met with the president, many ministers and the parliamentary speaker in Nay Pyi Taw. We talked about areas of cooperation and possibilities of future cooperation.

I reported to the president about many of the new projects JICA is implementing. We discussed the most important areas for poverty reduction, particularly in the agriculture sector, to improve people’s livelihood,” the JICA president said.JICA’s work in Myanmar is focused on three areas: improving livelihoods to reduce poverty, capacity development, and development of infrastructure and institutions.It has been a key player in the development of Myanmar, funding projects to improve infrastructure of transport networks, electricity and water supply.

The Japanese government is also driving the development of Thilawa special economic zone near Yangon and considering participating in Dawei Special Economic Zone in the southern part of the country.Still, Japanese investment remains lower than that of other countries, such as China and Thailand.

JICA officials say this will change as more infrastructure is built and that Japanese investment will flow into manufacturing rather than resource extraction. They say that this will generate long-term jobs and sustain Myanmar’s economic development.
 

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Discussion Starter · #27 ·
Itochu Corporation to build Yangon-Thilawa Bridge

http://elevenmyanmar.com/business/3149-itochu-corporation-to-build-yangon-thilawa-bridge

A place near Thilawa Special Economic Zone (Photo - EMG)



Japanese-based Itochu Corporation will build a Yangon-Thilawa bridge as part of the Thilawa special economic zone project, according to the Ministry of Construction.

A Japanese delegation, led by Koji Umemoto from Itochu Corporation, met with construction minister Kyaw Lwin to discuss matters relating on implementation of construction project in Nay Pyi Taw on August 15.

Japan is the main investor in the Thilawa Special Economic Zone (SEZ), and will be providing basic infrastructure for the construction of the industrial zone deep sea port as well as building the Yangon-Thilawa bridge.

The bridge will cross the Bago River connecting the Thilawa industrial area to central Yangon although the Ministry of Construction has yet to announce a site.

Upon completion of the bridge, local residents will be able to cross three bridges between Yangon and Thanlyin, KyaukTan, Khayan, Thonegwa townships and the Thilawa industrial area.

Japan is giving first priority to infrastructure projects such as the construction of the NgaMoeyeik bridge, the Yangon-Thilawa bridge and upgrading the Yangon-Mandalay highway as well as Yangon’s housing and city development.

Most of these projects will be carried out the Japanese development aid and assistance. The Japanese government will lend US$ 446.86 million to Myanmar in this fiscal year and has agreed to provide over US$ 980 million in loans for the 2016-2017 fiscal year.

Itochu Corporation was founded in 1858 and is based in Osaker and Tokyo. Marubeni Corporation, one of Japan's most famous companies and also a partner of Itochu, is planning to invest in generating electricity, upgrading railroads and constructing basic infrastructures for the Thilawa SEZ.
 

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Myanmar plans to borrow US$2.3bn from China
Eleven Myanmar
Sunday, 01 September 2013 19:33

Myanmar is planning to borrow a total of US$2.3 billion from China to finance 22 infrastructural projects, including those of telecommunication, electricity and construction, according to the government’s investment projection for national projects in 2013-14.

Other areas that Chinese loans are to be used include agriculture, finance and industry. A total of US$646 million is to be spent in those projects during the fiscal year 2013-14.
The national projects for financial sector include a micro-credit project to provide loans for small and medium enterprises, and establishing a SME bank. Telecom project will distribute mobile SIM cards in rural areas across Myanmar.

Five power-line projects and a natural gas power plant are to be funded with the loans from China. Yangon-Mandalay new highway, public housings and other construction projects, including those of 16 new bridges, will also be financed by the same loan.

Also for the two large-scale low-cost housings - Yadana and Ayeyarwun projects - in suburban Yangon, the loans from Chinese EXIM bank will be used to cover their electrical expenditures, according to the Ministry of Construction.
 

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Discussion Starter · #29 ·
Nissan to become the biggest automaker to start production in Myanmar

http://elevenmyanmar.com/business/3...gest-automaker-to-start-production-in-myanmar

Nissan S3 Center on Pyay Road in Kamayut township (Photo:EMG/Aung Myat Ko)



Japanese multinational automaker Nissan plans to begin complete production of its cars in Myanmar with its Malaysian partner as early as this year, according to the Nikkei business daily.

Nissan Motor Co Ltd and Malaysia’s Tan Chong Motor Holdings Bhd will jointly produce several thousand small passenger cars and pickup trucks annually in the Southeast Asian country.

Nissan will become the biggest carmaker so far to start production in Myanmar. Other automakers, such as Japan’s Suzuki, announced earlier this year that it would restart production here, while U.S.-based GM has said it would open a showroom here.

The world’s sixth largest automaker has been granted approval by the Myanmar authorities to build a factory that would assemble cars for the domestic market using parts manufactured elsewhere, the Financial Times reported on Thursday.

“We appreciate all the support we have received from the Myanmar government,” a Nissan spokesman was quoted as saying in the FT.

Nissan is still finalising details of the plan with all related parties. A formal announcement, including details of the scale of the investment, is expected to be made today during its chief executive Carlos Ghosn’s visit to Myanmar, alongside executives from Tan Chong Motors, Nissan’s Malaysian business partner, according to the FT.

A Tan Chong affiliate will likely construct an assembly plant in one of the industrial zones in Yangon that will finish cars using parts shipped from Nissan factories in Southeast Asia and elsewhere.

It was reported earlier that Nissan had given Tan Chong sole and exclusive rights to distribute CBU Nissan vehicles in the country. At present, a sales and service centre has been opened in Yangon, and is selling imported pickups and large commercial vans.

According to the earlier report, distribution of Nissan cars in the emerging market was expected to commence in the third quarter of 2013, with a projected sales volume of about 300 units per year.

Besides Tan Chong, which has already begun a joint venture with Nissan, other Malaysian companies are closely looking at the opportunities to enter Myanmar.

“There is a huge potential in Myanmar’s market. There are many opportunities there. Since it is part of ASEAN, there are a lot of similarities between Myanmar and Malaysia. Malaysian automobile companies are also interested in doing business there,” Wong Lai Sum, chief executive officer of the Malaysia External Trade Development Corporation (MATRADE), told Eleven Media.

Meanwhile, another Japanese automaker, Mazda Motor Corp., will soon start selling its new vehicles in Myanmar, Reuters reported on Thursday, quoting its chief executive officer Masamichi Kogai.

Established in 1920, Mazda Motor Corp. had a partnership with the Ford Motor Company from 1979 to 2010. In 2007, Mazda produced almost 1.3 million vehicles for global sales, the majority of which (nearly 1 million) were produced in the company’s Japanese plants, with the remainder coming from a variety of other plants worldwide. In 2011, Mazda was the fifteenth biggest automaker by production worldwide.
 

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Discussion Starter · #30 ·
Japan to enter Myanmar’s property and construction industries

http://elevenmyanmar.com/business/3463-japan-to-enter-myanmar-s-property-and-construction-industries

Thilawa Special Economic Zone with Japanese participation (Photo:EMG/Sithu Aung)



A business delegation from Japan arrived in Nay Pyi Taw on September 17 to discuss investment in Myanmar’s property and construction industries with officials from the Directorate of Investment and Company Administration (DICA).

The delegation was led by Mr. Shin Hnoto, deputy director of Japan’s Ministry of Land, Infrastructure, Transport, and Tourism (MLIT).

During a visit in August, the minister had said that Japan would invest more in Myanmar’s transportation sector and hospitality industry.

Japan is the main investor in the Thilawa Special Economic Zone, which includes factories, high-tech, textiles, labor intensive and manufacturing industries. Nine Myanmar public companies and a Japanese consortium (comprised of Mitsubishi Corp., Marubeni Corp. and Sumitomo Corp) are engaged in the zone development. On May 25, an agreement was signed between U Win Aung, chairman of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), and an official of Mitsubishi Corp. The signing was witnessed by Japanese Prime Minister Shinzo Abe.

Japanese companies have also shown interest in the Dawei Special Economic Zone, which includes proposed infrastructure projects such as a deep-sea port, a Myanmar-Thai highway, power plants, a dam, and residential housing.

Japan is the top investor in Myanmar’s manufacturing sector so far, and more Japanese companies are closely looking at opportunities to invest in other industries.
 

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Discussion Starter · #31 ·
Korean Investments in Myanmar

S Korean leading conglomerate enters Myanmar’s construction industry

http://elevenmyanmar.com/business/3...merate-enters-myanmar-s-construction-industry

SK Group, one of the five largest conglomerates in South Korea, has entered the construction industry in Myanmar, according to the Directorate of Investment and Company Administration (DICA).

DICA approved SK Group Construction (Myanmar) Co Ltd on September 13, making it the latest Korean firm to enter Myanmar so far. Other South Korean firms such as Samsung, LG, Hyundai, and POSCO have already stepped into the Myanmar market.

A consortium led by Incheon International Airport Corp has also been awarded a contract to build and operate the Hanthawaddy International Airport in Bago Region, which will become the largest airport in Myanmar upon completion.

SK Group is involved in a wide range of businesses such as chemical, petroleum, energy, trading, construction, logistics, and telecommunication industries. Established in 1953, SK Group has about 120 offices worldwide and includes such world-famous firms as SK Holdings, SK Telecom, SK Gas, and SK Securities.

In 2011, its net revenue was nearly US$99 billion, whereas its net income was $1.5 billion.
 

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Discussion Starter · #32 ·
Tripartite discussion to be held for Japanese investment in Dawei SEZ

http://www.elevenmyanmar.com/busine...-be-held-for-japanese-investment-in-dawei-sez

A construction site in Dawei SEZ (Photo-Phyo Zin)



A tripartite discussion between Myanmar, Japan and Thailand will be held in Yangon or Nay Pyi Taw this week to bring in Japan as a developer in the Dawei Special Economic Zone (SEZ), a Myanmar government source says.

“Italian-Thai Company has already faced financial problems in implementing the Dawei SEZ. So we are now going to discuss with Japan. I think Japan can participate in the project,” said Sett Aung, Deputy Minister for the National Planning and Economic Development.

In Myanmar, there are three special economic zones: Thilawa SEZ, Kyaukphyu SEZ and Dawei SEZ. Among them, Thilawa is the only SEZ that does not involve a deep-sea port project.

Although international business people have shown interest in the Thilawa SEZ, Italian-Thai Co, the main developer in the Dawei SEZ, has failed to implement the project within the targeted time frame. Therefore, international interest in the project has dropped to a certain degree.

International investors also want the United States to participate in the project, hoping that U.S. investment will lead to its growth.

Japan, considered a world superpower, is ready to participate in the construction of coal power plant projects in the Dawei SEZ.

In order to supply power to the Dawei SEZ, two gas power plants generating 36MW and 180MW electricity, respectively, will be completed in 2015.

Moreover, a 600MW coal power plant project is expected to start operations in 2015.
 

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Discussion Starter · #33 ·
Korean Investments in Myanmar

Leading S Korean steelmaker to invest in Myanmar construction industry

http://www.elevenmyanmar.com/busine...er-to-invest-in-myanmar-construction-industry

South Korean multinational steelmaker POSCO (formerly Pohang Iron and Steel Company) will invest in Myanmar’s construction industry, according to a company official.

To carry out the construction projects, Myanmar POSCO E&C (Engineering & Construction) Co Ltd was formed and the Directorate of Investment and Company Administration allowed temporary registration to POSCO Company on Monday.

POSCO currently operates two integrated steel mills in South Korea, in Pohang and Gwangyang. In addition, the company also runs a joint venture with U.S Steel and Nippon Steel under two different companies, USS-POSCO and POSCO-Nippon Steel.

In Myanmar, POSCO goes by the name of Myanmar POSCO, which manufactures and sells galvanized iron sheets. Daewoo International, one of its subsidiaries, has already entered Myanmar.

Established in 1968, POSCO has its headquarters in Pohang, South Korea. It had an output of 39.1 million tonnes of crude steel in 2011, making it the world’s fourth-largest steelmaker by this measure.

POSCO E&C, a construction firm of POSCO Group, was established in 1994. POSCO has already formed thirty-five enterprises including POSCO E & C, POSCO Energy, POSCO ICT, and POSCO Terminal.
 

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Discussion Starter · #34 ·
Myanmar, Japan to sign joint venture for Thilawa SEZ

http://www.elevenmyanmar.com/business/3568-myanmar-japan-to-sign-joint-venture-for-thilawa-sez

Construction site of a port at Thilawa



A joint venture agreement for the second phase of Thilawa Special Economic Zone (SEZ) will be signed by Japan and Myanmar in October, according to the Thilawa SEZ Management Committee.

"We are going to sign a contract in October to establish a joint venture company organised by the governments of Myanmar and Japan, the public services and

Japanese private firms," said Sett Aung, Chairman of the Thilawa SEZ Management Committee.
The Japan-Myanmar bilateral agreement was signed on May 25 of this year to implement the first phase of Thialwa SEZ, becoming Japan’s largest investment in Myanmar in over a decade.

The first phase involves assessing the investment amount and an initial public offering. The construction of Thilawa SEZ will begin between the end of this year and early 2014. The project aims to be completed in 2015.

The government is paying compensation to local residents who have been relocated because of the project. They will also create job opportunities for Thilawa residents.

In Myanmar, there are three special economic zones: Thilawa, Kyaukphyu and Dawei. Among them, Thilawa is the only special economic zone that does not involve a deep-sea port project. Multinational corporations including Japanese companies have shown interest in the project.
 

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From The Irrawaddy : http://www.irrawaddy.org/business/japans-mitsubishi-invest-downtown-rangoon-development.html



Japan’s Mitsubishi to Invest in Downtown Rangoon Development








An artist’s impression shows plans to develop the area around Rangoon’s historic railway office by Yoma Strategic Holdings and Japan’s Mitsubishi Corporation. (Picture: Yoma Strategic Holdings)





RANGOON — Japan’s Mitsubishi Corporation has teamed up with Yoma Strategic Holdings to turn a section of prime Rangoon real estate into a massive shopping, residential and office development, according to a statement Tuesday.

Mitsubishi Corp. and Mitsubishi Estate signed a memorandum of understanding with Yoma Strategic, Serge Pun & Associates (SPA) and First Myanmar Investment Co. (FMI) to invest in the project. Burmese businessman Serge Pun’s is chairman of a Singapore-listed conglomerate Yoma Strategic.

The 10-acre project will be built in the area around downtown Rangoon’s colonial-era railway office, adjacent to the Bogyoke Aung San Market and Traders hotel, on which the FMI Center and Grand Mee Ya Hta residences currently sit.

The project—which includes four glass and steel high-rise towers in a large complex connected to the red-brick colonial building—has previously been valued at US$350 million, although the size of Mitsubishi’s agreed investment has not been announced.

The statement said the development will finally be approximately 20 million square feet of residential, office, retail and hospitality space.

Andrew Rickards, Yoma Strategic’s chief executive, said in the statement that the project will create an “iconic centerpiece” for Rangoon’s burgeoning business district.

“We believe the experience and expertise of Mitsubishi Corporation and Mitsubishi Estate in developing large scale mixed-use developments worldwide will help the project to achieve the highest global standard,” he said.

The Japanese partners will be involved in the planning, design, construction and operation of the project as well as providing technical assistant, the statement said.

The project brings together Mitsubishi Corp., Japan’s largest general trading company, and one of Burma’s best known businessmen, Serge Pun, or Thein Wei, who has interests in real estate, agriculture, automobiles and luxury tourism in Burma.

Other than the Mee Ya Hta building, which is being closed down ready for demolition, it is unclear which other buildings in the area will have to make way for the project.

An artist’s impression provided by Yoma Strategic shows that the development will be high-rise, apparently in contravention of a new zoning law being discussed by the city’s authorities and urban development experts, which will restrict building around Rangoon’s historic buildings.
 

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Govt still negotiating on US$20 billion Chinese railway project
Eleven Myanmar
Wednesday, 02 October 2013 19:19

A US$20 billion high speed railway project that plans to connect the coastal town of Kyaukphyu, Rakhine State with Kunming in southern China is still at a proposal stage, according to government sources.
There have been growing concerns from activist groups and local residents over the lack of transparency and the failure to release an environmental assessment report on the project.

"We are still at the negotiation stage for the railway project at the moment. As we are still negotiating about it, nothing is definite. China has submitted the proposal but [the project] can only be continued with approval from this side," said an official from the Ministry of Rail Transportation, who requested not to be named.
"We will only accept this if it offers opportunities for the country and everyone – the public, the government, and the Parliament – agreed to it," he said.

According to the Ministry, China will fully fund the US$20 billion railway project, providing easy access to the Indian Ocean trade routes through an 800km high-speed railway network.

China already operates the Shwe oil and natural gas pipelines that start near Kyaukphyu, and run through Mandalay, Lashio, and Muse before entering China at the border city of Ruili in Yunnan province.

Thailand-based activist group Shwe Gas Movement has announced that the railway project is expected to be completed in 2015.

China plans to build and operate the railway and eventually hand it back to Myanmar after 50 years. High-speed trains will carry up to 4,000 tons of goods running at speeds of up to 170 km per hour, according to a report from Arkan Oil Watch.

Arakan Oil Watch have also reported that the Ministry of Rail Transportation signed a memorandum of understanding for the project with China's Railways Engineering Corporation in April 2011.

The proposed railway project is 868.262 kilometres long (539.19 miles) and will pass through Kyaukphyu, Ahn, Mandalay, Lashio and Muse. The project includes 79 train stations, 409 bridges, and 101 tunnels and will connect with Kunming in southern China.
 

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Japan focused on Thilawa, for now, not Dawei: Jetro
By Onravee Tangmeesang
Eleven Myanmar
Monday, 14 October 2013 14:49



The Dawei Special Economic Zone still appeals to Japan, but for now its attention is focused on Thilawa, another industrial zone.

Masaki Takahara, managing director of the Japan External Trade Organisation's Yangon office, said recently that Japan realised the importance of Dawei for |connectivity within Asean, but the country cannot stretch itself to develop both |Thilawa and Dawei, as both projects are massive.

Japan could shift its focus to Dawei only after setting up a joint venture for the development of the Thilawa Special Economic Zone or after the groundbreaking or the commencement of construction of Thilawa, he told The Nation on the sidelines of the Myanmar Global Investment Forum in Nay Pyi Taw.

"Right now, the Japanese government and Japanese consortiums are engaged in the development of Thilawa. I think when the Japanese government finishes a certain task on the Thilawa project, they can leave the project to the private sector. After that, I think that Japan will shift its focus to the Dawei project," he said.

Thailand has been courting Japan to invest in Dawei, whose development concession was awarded to a Thai company - Ital-Thai Development. Progress on the 160,000-rai project has been like molasses due to its huge cost. The Thai government has played a role in wooing foreign partners to ensure that the project kicks off and complements Thailand's envisioned East-West Corridor.

The development of Thilawa, covering 2,400 hectares or 15,000 rai, was assigned to Japan. The first phase of 400 hectares is scheduled for completion by 2015, along with infrastructure such as roads, bridges, sewage systems, and water and electricity utilities.

Japanese investors, especially manufacturers, are expected to pour in once the infrastructure is ready. Interest has been high among Japanese firms to enter Myanmar. According to Jetro, about 5,000 businessmen from Japan are seen at Yangon Airport and 500-800 visit its office per month. Out of the 73 Jetro offices overseas, Yangon is now the busiest.

Takahara, who spent a year and a half in Myanmar, said traffic could be heavier next month when the rain stops.

Myanmar is an attractive destination thanks to wider coverage of the market in Japanese media, he said. Plus, the ageing society, indicating lower spending, forces Japanese companies to look overseas.

Myanmar is also the market that has not been tapped by the Europeans or Americans or Japanese Japan's competitors. Interest is in all industries. Jetro expects a wave of investment from garment companies as well as auto and auto-parts makers, who are doing feasibility studies.

"What's really happening is that more and more Japanese investors who are looking for opportunities in the domestic market to sell their products, to sell their services, are coming, such as construction, logistics, retail, consumer goods, business services including accounting, law firms, including the services sector," he said.

The actual investment by Japanese companies in Myanmar is still low. Their concerns are mainly the poor infrastructure and regulations. Despite the implementation of the new foreign investment law next month, some issues are not specified, prompting discussions with ministries.

"The answers are almost different each time. So, we really cannot make a decision," he said.

For consultation, frequent visits to the capital are required, he said.
 

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Discussion Starter · #38 ·
Japan's World Navi to invest in Myanmar’s auto market

http://elevenmyanmar.com/business/3955-japan-s-world-navi-to-invest-in-myanmar-s-auto-market

Japan-based World Novi Company will invest in Myanmar’s auto market, according to Directorate of Investment and Companies Administration (DICA).

The World Novi Company works in car import and export business and related machine parts by connecting the Japanese private banks such as Bank of Tokyo-Mitsubishi UFJ Ltd, Mizuho Bank Ltd, Sumitomo Mitsubishi Banking Corporation and Resona Bank Limited.

DICA has gratned permission on October 29 to open a company branch office in Myanmar for running the investments.

World Navi Company was founded in Japan in 2001 and strives to continue as a leading company in the pre-owned auto export business. They specialise in selling cars not only using spot price but also by installment system.

Myanmar granted permissions to some international firms in accordance with foreign investment law to invest in automobile assembling and spare parts manufacturing industries.

Motor Companies from the UK, Germany, China, South Korea and Malaysia are opening motor service centres and show rooms in Myanmar. Mazda Motor Corporation is also planning to launch a show room in Myanmar soon.
 

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Japan’s Daiichi Koutsu Sangyo to operate in Myanmar

http://www.elevenmyanmar.com/business/4036-japan-s-daiichi-koutsu-sangyo-to-operate-in-myanmar

YANGON—Japan-based Daiichi Koutsu Sangyo Company will soon be investing in Myanmar, according to company sources.

Company representative Azumi said so at the Japan-Myanmar SMEs Exhibition and Business Matching event, held at the headquarters of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) on Saturday.

The company expects to invest in the auto servicing and real estate sectors in Myanmar, he said, adding that Daiichi Koutsu Sangyo Co. also operates in the tourism, medical services, transport and auto spare parts sectors.

“We’re a public-trusted company in Japan. We are preparing to open two auto servicing workshops and will work mainly in auto servicing and real estate sectors in Myanmar,” said Azumi.

He added that the company would also sell reused auto parts in the country at affordable prices.

A Japan-Myanmar Business Matching forum was held in March, resulting in a business agreement worth more than US$ 9 million (Ks 8.74 billion).

Companies from 33 foreign countries invest in Myanmar. Japan currently stands in 11th position, with US$ 247 million worth of investments in the country, according to official data from the Myanmar Investment Commission.
 
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