Foreign direct investment in the fiscal year ending in March grew to nearly $9 billion, after a rush of last-minute approvals.
Tag: manufacturing
Vice President unveils first Thilawa plant
Burma’s vice president opened on Wednesday a $1.5 billion manufacturing complex aimed at investment and creating jobs, showcasing government achievements.
Kubota continues expansion in Thilawa
Kubota, a Japanese agricultural equipment firm, is reportedly set to construct a machinery assembly plant in the Thilawa.
Billions lost in corruption: report
Almost $20 billion in dirty money linked to corruption and tax evasion has left Burma in the past five decades, according to an international watchdog.
Factories consider lay-offs in response to minimum wage
After the government set the basic wage at 3,600 kyat (US$3) per day, some factory owners have considered redundancy rather than pay workers the increase.
Workers’ rally in Hlaing Tharyar marks May Day
Around 500 workers from the factories of Hlaing Tharyar Industrial Zone in the outskirts of Rangoon held a rally in the city on International Workers’ Day.