• Burmese
Thursday, July 17, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
28 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business Business Roundup

Irrawaddy Business Roundup

Zaw Zaw Htwe by Zaw Zaw Htwe
August 8, 2020
in Business Roundup
Reading Time: 3 mins read
0 0
A A
--

--

20.7k
VIEWS
Share on FacebookShare on Twitter

Myanmar’s economy turned towards recovery efforts this week amid the ongoing impacts of the pandemic and preparations for the coming November general election.

On Wednesday, State Counselor Daw Aung San Suu Kyi instructed the Union Election Commission to ensure that citizens do not lose their right to vote as reports of mistakes in voter registration lists came in from across the country.

The State Counselor also instructed the Election Commission to implement COVID-19 preventative measures at polling stations in order to contain the spread of the coronavirus.

RelatedPosts

--

The Irrawaddy Business Roundup

January 30, 2021
29.8k
Asia World Port in Yangon. / The Irrawaddy

Myanmar Signs up with EU’s EuroCham for More Investment

October 22, 2020
5.5k
A quiet Yangon International Airport in March. / Myo Min Soe / The Irrawaddy

Myanmar Sets Out Re-entry Rules for Foreign Staff

August 26, 2020
8.9k

This week, Shwe Taung Real Estate Company announced they will build the country’s biggest mall in cooperation with Japan’s AEON Mall Co. Ltd following approval by the Myanmar Investment Commission.

Parliament approved a move to join the Regional Comprehensive Economic Partnership (RCEP) for the Indo-Pacific, put forward by the Ministry of Investment and Foreign Economic Relations (MIFER).

Myanmar also approved more than US$400 million and 73.2 billion kyats (US$54 million) in investments.

Japan’s AEON to open largest mall in Myanmar

AEON Co. Ltd, one of Japan’s biggest commercial developers, will open Myanmar’s largest shopping mall in Yangon in cooperation with Myanmar real estate developer Shwe Taung Real Estate, according to a press release from Shwe Taung on Tuesday.

An US$180 million investment in the joint venture between the two companies was approved by the Myanmar Investment Commission on July 31, according to MIFER.

Shwe Taung will hold a 30 percent stake in the joint venture and AEON will hold 70 percent, according to Tuesday’s press release.

The shopping mall will be built on a 7.1 ha plot in Yangon’s Dagon Seikan Township.

The five-story mall will have 111,480 square meters of floor space and parking for 2,300 cars.

The mall is expected to be opened in 2023 and to create job opportunities for 2,300 people, the Myanmar Investment Commission said.

Myanmar to participate in Regional Comprehensive Economic Partnership

On Wednesday, Myanmar’s Parliament approved a request from MIFER for the country to become a signatory member of the Regional Comprehensive Economic Partnership (RCEP).

RCEP is a proposed free trade agreement in the Indo-Pacific region between the 10 ASEAN member states.

According to the RCEP agreement, member countries will enjoy a 65 percent tax exemption on customs duties within the pact.

“Myanmar needs a master plan in making partnerships with countries that have stronger economies,” economic expert U Hla Maung told The Irrawaddy Thursday. “By participating in the RCEP, Myanmar’s economy—which has slowed during the pandemic—will improve beyond the pandemic.”

U Bharat Singh, deputy head of MIFER, said at Parliament that Myanmar will sign the RCEP agreement at the upcoming 37th ASEAN Summit in November.

“In participating in the RCEP agreement, Myanmar would get a bigger market and high-standard investments would flow into the country” said the deputy minister.

More than US$400 million in investments approved

This week, the Myanmar Investment Commission approved US$462.7 million and 73.2 billion kyats (US$54 million) in investments, including for the expansion of seven existing investments and seven new investments.

The investments are focused on the industrial, housing, hotel and tourism and service sectors, according to an announcement from MIFER on July 31.

The approved investments included US$230.6 million from Singapore’s Sembcorp CSSD Myanmar Co. Ltd for the operation of the Hlegu Industrial Park in Yangon’s Hlegu Township.

The investments also included US$180 million for the joint venture between Japan’s AEON Co. Ltd and Myanmar’s Shwe Taung Real Estate that will open the country’s largest shopping mall.

The Myanmar Investment Commission said it expects that the investments will create jobs opportunities for more than 3,600 local people.

You may also like these stories:

Myanmar Opens Major Investment Summit in Naypyitaw

Myanmar Takes US$250 M Loan from ADB for COVID-19 Relief
Myanmar Gets First Foreign Investments for Power Projects in Fiscal Year Transition
Your Thoughts …
Tags: AEONMyanmar Investment Commission
Zaw Zaw Htwe

Zaw Zaw Htwe

The Irrawaddy

Similar Picks:

--
Business Roundup

The Irrawaddy Business Roundup

by Nan Lwin
January 30, 2021
29.8k

Foreign investment continues to arrive in Myanmar with a major South Korean bank opening in Yangon as honey producers eye...

Read moreDetails
Asia World Port in Yangon in 2016. / The Irrawaddy
Business Roundup

The Irrawaddy Business Roundup

by Nan Lwin
January 25, 2020
8.6k

This week, Myanmar saw major signs of foreign support for its IT, insurance and creative sectors, as well as power...

Read moreDetails
--
Business Roundup

Irrawaddy Business Roundup

by Nan Lwin
August 15, 2020
20.3k

This week, Myanmar saw plans for a new trade terminal in Ayeyarwady, a move to explore new fruit export markets...

Read moreDetails
Asia World Port in Yangon. / The Irrawaddy
Burma

Myanmar Signs up with EU’s EuroCham for More Investment

by Nan Lwin
October 22, 2020
5.5k

The European Chamber of Commerce is looking to streamline the flow of investment from EU countries to Myanmar.

Read moreDetails
Workers at the factory of Chinese-owned Yakeda Outdoor Travel Products Co. Ltd. / Reuters
Business

Foreign Investment in Myanmar Set to Miss Target: MIC

by Myo Pa Pa San
September 9, 2019
5.4k

Foreign investment in Myanmar is expected to miss its target for the fiscal year, according to the Myanmar Investment Commission.

Read moreDetails
Thilawa port in Yangon. / Htet Wai / The Irrawaddy 
Business Roundup

The Irrawaddy Business Roundup

by The Irrawaddy
January 18, 2020
5.5k

This week, Myanmar celebrated the opening of a Thai fish factory and border trade with Laos, while the World Bank...

Read moreDetails
Load More
Next Post
Kazuo Ishiguro (right), a Nobel Prize-winning British novelist who spent his childhood in Nagasaki, Japan, poses alongside his wife Lorna in London on July 3, 2018, after receiving an honorary citizen award from Nagasaki Governor Hodo Nakamura. / Kyodo

Nobel Literature Laureate Ishiguro Stresses ‘Supreme Value of Life’ in Nagasaki A-bomb Message

A US flag face mask is seen on a mannequin in New York’s Times Square on Aug. 7, 2020 as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of the coronavirus. / Getty / Kyodo

US Coronavirus Cases Top 5 Million, Leading the World

No Result
View All Result

Recommended

Behind the Scenes: China’s Hand in Myanmar’s Election

Behind the Scenes: China’s Hand in Myanmar’s Election

24 hours ago
1.2k
‘Not a Witch Hunt’: Upholding Survivor-Centered Justice in Myanmar

‘Not a Witch Hunt’: Upholding Survivor-Centered Justice in Myanmar

6 days ago
781

Most Read

  • Indian Army Accused of Deadly Strike on Separatists in Myanmar

    Indian Army Accused of Deadly Strike on Separatists in Myanmar

    shares
    Share 0 Tweet 0
  • Rakhine Fighters Close In on Myanmar Junta’s Naval Base

    shares
    Share 0 Tweet 0
  • Behind the Scenes: China’s Hand in Myanmar’s Election

    shares
    Share 0 Tweet 0
  • Myanmar Junta Recaptures Nawnghkio After Months-Long Counteroffensive

    shares
    Share 0 Tweet 0
  • Rogue Sagaing Resistance Fighters Held Over Robbery Gone Wrong

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.