Major Myanmar’s real estate project wins lease extensions

A half billion dollar real estate development in Myanmar’s commercial capital has gained critical lease extensions from the ministry of transport, its developer said on Wednesday. The Landmark Development, backed by Singapore-listed Yoma Strategic Holdings Ltd., located in Yangon, has been stalled since 2012 without them. The centerpiece of the 10 acre mixed-use property is […]

Tender planned for $2b Yangon-Mandalay railway upgrade

A Tender for private companies to work on a US$2.2 billion upgrade of the railway linking Myanmar’s two largest cities will be called at the end of this year, an official said yesterday. Work on the Yangon-Mandalay railway, led by the Japan International Cooperation Agency, is scheduled to start next year and should be complete […]

Myanmar’s Mr Clean says he takes ‘red tape road’ to profit

Scaffolding around the 139-year old Burma Railway Headquarters, a red-brick colonial relic at the center of a half billion dollar property development in central Yangon, hasn’t seen much action since the project was announced four years ago. Serge Pun, the 63-year-old project developer and one of Myanmar’s richest men, says his Landmark development – which […]

Yoma Yangon International Marathon 2016 Race Pack Collection

Participants can collect their Race Pack from 14 to 16 January 2016 at Thuwunna National Indoor Stadium Yangon, Myanmar, 11 January 2016 – Participants of the Yoma Yangon International Marathon 2016 (YYIM 2016) can pick up their Race Pack on 14, 15 and 16 January 2016 (Thursday to Saturday) from 10am to 5pm on each day at […]

U Yan Win: After parliament, back to business

The National League for Democracy is the people’s choice, he said at his office in Yangon yesterday. “We have to follow the people’s desire.” Nevertheless, the owner of A1 Group of Companies will have plenty to keep him occupied – with the NLD in power he believes his business prospects are likely to improve. “Our […]

MIC forecasts Mandalay foreign investment boom

Foreign direct investment to Mandalay Region will boom within two or three years, as a number of ambitious projects launch and connectivity improves, according to Myanmar Investment Commission secretary U Aung Naing Oo. Mandalay Region is currently in ninth place for foreign direct investment, receiving less than 10 percent of capital inflows, he said at […]

Rail ministry to repeat aborted tender

The Ministry of Rail Transportation has cancelled a tender to redevelop the area surrounding the Yangon Central Railway Station, with plans to launch another in the future, according to a statement posted on the Ministry of Information’s web portal late last week. The Yangon Central Railway Station project was to be built on 63 acres […]

Yoma Strategic chief executive talks leadership transition

Yoma Strategic Holdings chief executive Andrew Rickards is stepping down next month after a nearly four-year term, though remains bullish on Myanmar’s long term prospects.  As the best-known Myanmar-focused company listed on a foreign exchange, Yoma Strategic has attracted business and investors eager to participate in what’s sometimes touted as the last frontier economy. Yoma […]

Mitsubishi, Hitachi to invest $20m in domestic train network

Riding on Myanmar’s antiquated railway network is not an experience for the impatient or infirm. American travel writer Paul Theroux, in The Great Railway Bazaar, quotes a policeman on the Yangon-Mandalay line as it breaks down for the fourth time. “It is a slow train,” he says. “Dirty and old – old coaches, old engines.” […]

Mitsubishi to conduct tests in Ayeyarwady

Mitsubishi Corporation says it is to conduct soil tests as the Japanese company proceeds with plans for a coal-fired power plant in Ngayokekaung township, Ayeyarwady Region. The coal-fired power plant project will be developed by Mitsubishi and A1 Company as a local partner. The two parties agreed last year to use Japanese “clean coal” technology […]