MIC approves new projects worth $100 million

The Myanmar Investment Commission (MIC) has approved nine new projects in its fourth round of licensing since the new government took power. In the meeting, held last week, the commission approved four foreign investments worth US$62 million and five local investments worth more than K32 billion, according to Directorate of Investment and Company Administration (DICA) […]

MIC grants permission for nine investments

Myanmar Investment Commission (MIC) granted permission on 19th August for nine local and foreign investments, including a five-star hotel. Pun Hlaing Lodge Hotel Management Co., Ltd has been given permission to operater a five-star hotel on 2.196 acres of land at Pan Hlaing Golf Estate, Hlaingthaya Township, Yangon, it is learnt from a meeting of […]

Upgrading the Rangoon Commute: Bus Rapid Transport

RANGOON – Two young women with metal milk cans run for the Bus Rapid Transport (BRT) after hurriedly arriving at downtown Rangoon’s Lanmadaw Township station; the BRT bus had arrived minutes earlier and was pulling away from the stop. The driver gestures for them to proceed, where he waits. At peak hour, commuting to and […]

YCDC to build sewage treatment plants across Yangon

THE Yangon City Development Committee will build sewage treatment plants throughout the commercial city in cooperation with the Japan International Cooperation Agency (JICA). Daw Khin Aye Myint of YCDC said: “The current sewage treatment system in Yangon is no longer able to treat sewage water. We will build sewage treatment plants near Yangon River, Bago […]

Korean firm building sheet metal factory

South Korea’s Posco C&C began work on its US$14 million sheet metal factory in Yangon’s Mingaladon township last week. The factory is the first Myanmar investment for the Korean conglomerate, aiming to first produce sheeting by the end of October 2014 and finalise its product quality by 2015. Posco C&C vice president Choi Sung-Hwan said […]