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Japanese firms seek business link with Myanmar

Xinhua, January 30, 2015 Adjust font size:

Some 12 Japanese firms have sought business links with Myanmar counterparts in four areas, a semi- official media reported Friday.

At a business matching held in Yangon, the Japanese firms looked for potential partners in the areas of manufacturing, information technology, logistics and services in the Southeast Asian country.

More than 140 Myanmar small and medium enterprises (SME) were listed to exchange talks with the Japanese counterparts, the report said.

The event was organized by the Japan-Myanmar Economy and Investment Center and the SME Development Department of Myanmar's Ministry of Industry.

According to official statistics, there are 40,000 registered SMEs in Myanmar, while the number of the unregistered ones is estimated at over 60,000.

Meanwhile, two Japanese firms, KDDI Corporation and Sumitomo Corporation, have chosen to invest a total of two billion U.S. dollars in Myanmar's telecommunication sector to help the state- owned tele-enterprise expand network.

A memorandum of understanding on the move has been signed with Myanmar's Ministry of Communications and Information Technology in Nay Pyi Taw.

Japan is also helping Myanmar in development of mobile communication and postal service sectors by providing technical support in these areas. Endi