Outgoing Government Gives Wharf Concession to Tycoon’s Shipping Firm

Burma’s Port Authority has awarded Kaung Myanmar Aung Shipping Co. Ltd. the right to develop a new area for cargo ships to dock on downtown Rangoon’s riverside, state media reports. The company is part of the sprawling KMA Group, which is headed by Burmese tycoon Khin Maung Aye, known to be close to outgoing President […]

New floating hotel to be opened next month

YANGON—Construction of the “Vintage Luxury” floating hotel in Botahtaung Township is nearly complete and the hotel will open in January, sources say. “Decoration of the outer parts of the hotel is finished. We are now decorating the inner parts (of the hotel). We expect to open it in late January,” said a spokesperson of Hla […]

British day out in Yangon

“See Bagan and live. See Angkor Wat and die,” says my guide Phaphophon Chantharawattanakul, quoting British historian Arnold Toynbee, as he leads me on a stroll through the streets of Old Yangon. “See Yangon and cry,” I retort, narrowly avoiding getting run over as we brave Yangon’s crazy traffic to reach Sule Pagoda. Founded and […]

Thais reduced to ‘matchmaker’ in Dawei as Italian-Thai set to pull out

Myanmar’s stalled Dawei mega-project, which Thailand has striven to get off the ground for years, appears set to pass out of Thai hands, as Japan takes on a bigger role, though the nature of this role is far from clear. Thailand’s largest contractor, Italian-Thai Development Plc (ITD), which is a contract partner with the Myanmar […]

Thailand’s Italian-Thai company to quit Dawei Special Economic Zone

Italian-Thai Development Co (ITD) is poised to cease operation at the Dawei Special Economic Zone (DSEZ) in Tanintharyi Region on Nov 20, according to local sources. The company has come under financial pressure since the project began in 2008 but failed to materialise. Its Myanmar partner Max Myanmar Group pulled out of the project last […]