Vacant plots in Myotha industrial zone on sale in second week of August

Vacant plots from Myotha Industrial Park (MIP) in Ngazun Township, Mandalay will go on sale starting from 9 August with the cooperation of Mandalay-Myotha Industrial Development Public Company Limited (MMID) and Mandalay regional government, said an official from MMID. This MIP was built on 10,000 acres of land in 2013. A total of 600 40×60-foot […]

Sembcorp lands $422m deal to develop power plant in Myanmar

Sembcorp Industries has landed its first deal in Myanmar – a contract to develop a gas-fired power plant. The US$300 million (S$422 million) project, which will be the nation’s largest privately developed gas-fired power plant, will sell electricity to the state-owned utility when completed by 2018. The plant, in central Myanmar near Mandalay, will deliver […]

Myotha park share sale to end

Mandalay Myotha Industrial Development (MMID) Public Company will halt its share issue in October after raising K126 billion (US$129 million) from 1167 separate investors to date, company director U Aung Win Khaing said. The share issue ended after a pre-determined six-month period, though company officials will provide a counter to function as a secondary market […]