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Myanmar, Japan see promise, problems in economic zone – Nikkei Asian Review

Thilawa SEZ officials give presentation to would  be investors (Photo: Simon Roughneen)

THILAWA, Myanmar — The Thilawa Special Economic Zone might be just a 45-minute drive from downtown Yangon, Myanmar’s biggest city and commercial hub, but the Japanese presence is unmissable. Outside the site offices — an island of prefabricated shelters surrounded by acres of upturned earth — a row of six flags dries in the breeze after a short downpour. The yellow, green and red of Myanmar alternates with Japan’s unmistakable red sun on a white background.

Looking ahead to Brazil – The Edge Review

YANGON – While no Asian country is likely to match South Korea’s run to the semi-finals on home soil in 2002, Japan and South Korea have a good chance at repeating their 2010 achievements by qualifying for the knockout rounds in the 2014 World Cup. For Iran and Australia, Asia’s other contenders, escaping the initial pool stages looks less likely, with the Australians drawn in an inescapable-looking cliff-face group.

AEC jitters – The Edge Review

YANGON – Ahead of the proposed establishment of the ASEAN Economic Community (AEC) at the end of 2015, many of Myanmar’s businesses are trembling.

“There is a perception among people in Myanmar that local products are low quality,” said Nwe Ni Wai, Executive Director of Yangon-based United Paint Group. She worried aloud that companies in Myanmar might struggle to compete with rivals from more advanced markets in the region, and in turn might struggle to make the most of opportunities in other markets.