Four years after Thilawa Special Economic Zone (SEZ) was launched, the industrial hub welcomes the first hotel. Super Hotel Myanmar Thilawa started serving visitors last month, a representative of the hotel told The Myanmar Times. The four-storey project, involving US$13.5 million (1.5 billion yen) investment, is part of the Osaka-based Super Hotel chain, which already operates one lodging […]

The Yangon subsidiary of an Indian agri­-logistics group has secured a US$3 million loan from the International Finance Corporation (IFC), the investment arm of the World Bank. Delhi-based Sohan Lal Commodity Management (SLCM) will use the capital to expand its warehousing and logistics services in Myanmar. The terms of the loan were however not disclosed. […]

PetroChina International has launched its service station in Myanmar, marking the Chinese state-run oil major’s first foray into the country’s fuel station market. The filling station is a joint venture between PetroChina International’s Singapore unit Singapore Petroleum Co (SPC) and Shwe Taung Energy Co, a subsidiary of Shwe Taung Group. Shwe Taung said it will […]

The government has appointed U Aung Naing Oo as permanent secretary of the recently-created Ministry of Investment and Foreign Economic Relations, the official gazette announced. As the top civil servant leading the ministry, he will support and advise the cabinet minister, career diplomat U Thaung Tun, on how to drum up foreign investments and build […]