Myanmar’s Thilawa SEZ to rope in more Japanese investors

Sumitomo Corp will build two units of gas-fired power plant next to the Japanese-backed Thilawa Special Economic Zone (SEZ), which is 25 kilometres from Yangon. Image:Wai Linn Kyaw/MBT

The ongoing Thilawa Special Economic Zone (SEZ) project will bring in more investments from Japan, according to Dr Myo Thet, vice chairman of Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

Currently the economic zone is under construction in cooperation with three companies from Japan and nine companies from UMFCCI in Kyauktan township in Yangon.

“Many Japanese industries will invest after the construction of Thilawa SEZ finishes. This is being built with Japanese help, while Dawei SEZ will also get support from Japan. The Japanese involvement and investments will encourage other Japanese firms to set up factories and invest in the SEZs,” Dr Myo Thet said.

Phase-1 of the Thilawa SEZ project is expected to be finished in 2015 and the rest of the phases will be finished by 2016 June, officials said. Japanese conglomerates Mitsubishi Corp, Marubeni Corp and Sumitomo Corp is involved in the construction of Thilawa SEZ.

According to an announcement from Myanmar Investment Commission (MIC), Japan ranks as the 12th largest investor among the 35 countries that are currently investing in Myanmar. Japan has invested $507.75 million in 66 projects as of April, MIC data shows.

Source: Content sharing agreement with Myanmar Business Today

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.