UK Government to Strengthen Gas Sector in Myanmar

A UK Government-supported programme, to strengthen the development of a modern, dynamic oil and gas sector in Myanmar, is to be launched later this month, according to a joint press release from the British Embassy in Yangon and Aberdeen International Associates (AIA). Mr Gordon McIntosh, Aberdeen City Council’s former Director of Enterprise, Planning and Infrastructure, […]

Myanmar’s 5 growth sectors highlighted

INFRASTRUCTURE, ICT, agriculture and processing, manufacturing and tourism are highlighted as the most attractive sectors for Thai investors looking to establish a presence in Myanmar. At a seminar hosted yesterday by Bangkok Bank, Nattawin Pongpetrarat, vice chairman of the Thai Business Association of Myanmar, said a large number of infrastructure projects ranging from roads to […]

Surbana Jurong goes underground to expand Myanmar business

Surbana Jurong has added Yangon’s first underground pedestrian walkway, an airport and a special economic zone to its list of Myanmar projects, the Singaporean infrastructure consultancy announced this week. Shwe Taung Development awarded Surbana Jurong the contract for the 30-metre underpass last week. The country’s first underground walkway will be located on Pyay Road and […]

Less Than One Percent of Rangoon-Dala Bridge Budget Allocated to Land Compensation

RANGOON — The government paid compensation to 66 landowners on February 17 to partially cover losses to be incurred during the construction of a bridge connecting downtown Rangoon with Dala Township. The five-year, South Korea-funded bridge project, also being called the Korea-Myanmar Friendship Bridge, will cost an estimated US$168 million. South Korea’s Economic Development Cooperation […]

Yangon too crowded

Urban development specialists say that the increasingly populated centre of Yangon is no longer suitable for more condominiums and offices with its narrow streets. Rapid urbanisation has meant the infrastructure could not support the demands of the rising population. “Ever since British rule, the size of roads was based on the number of inhabitants. Some […]

Mobile financial services promising in Myanmar

A BOOM in mobile financial services (MFS) is anticipated, thanks to the rapid increase in penetration rate and poor infrastructure in Myanmar, according to Takashi Shigeno, director of KDDI Summit Global Corporation. He cited three main reasons for this. “Firstly, more than 70 per cent of the population live in rural areas. Secondly, only 20-25 […]

Suu Kyi’s novice MPs learn ropes in outgoing Myanmar parliament

Hundreds of newly-elected Myanmar MPs from Aung San Suu Kyi’s party took lessons in lawmaking from the outgoing army-dominated parliament on Wednesday (Jan 27), days before taking their seats in the most democratic legislature for decades. A landslide victory for Suu Kyi’s National League for Democracy (NLD) in November polls will give the politicians their […]

China and Myanmar’s SEZs: strategic partnership or can of worms?

Since coming to power in 2011, Myanmar’s President Thein Sein has distanced the country from its previously tight-knit relationship with China in favour of rapprochement with the west and Japan. Yet the past few months have seen a determined push by Beijing to re-engage Myanmar economically and politically, reminding Naypyidaw that it sees the country […]

Carlsberg Establishes Greenfield Brewery in Myanmar with ALECTIA

In 2013 Carlsberg Group announced that it had signed a strategic partnership agreement with a local privately-owned leading beverage company, Myanmar Golden Star (MGS) Breweries, to brew and market Carlsberg beers in Myanmar. Under this agreement, MGS Breweries and Carlsberg formed a Joint Venture – Myanmar Carlsberg Co., Ltd. – with plans to set up […]

Ambitious flyover dreams held back

As the opening date for the first of three new flyovers in Yangon nears, government officials admit they will not be a panacea to the city’s traffic woes, but say the government lacks the budget to build more ambitious infrastructure. The Kokkine flyover on Kabar Aye Pagoda Road, one of the city’s two main thoroughfares, […]