Soilbuild Construction secures US$9.4m contract in Myanmar

SOILBUILD Construction Group announced on Tuesday that it has attained a design and build contract worth about US$9.4 million to carry out addition and alteration works at St John Shopping Center in Yangon, Myanmar. The project was awarded by a joint venture between two companies in Myanmar which have activities in retail and real estate […]

Japan’s participation in Thai-Myanmar Dawei economic zone to boost confidence in project

The official participation of Japan in a special economic zone in southeastern Myanmar initiated by Myanmar and Thailand will bring confidence and attract investors to the project, the Thai delegation said Monday after a trilateral meeting here. Thai Transport Minister Arkom Termpittayapaisith told a press conference that following Japan’s decision earlier this year to participate […]

Second economic zone planned for 2016

A second central economic zone project (the Mindhamma project) will be implemented in Yangon in 2016, according to Yangon City Development Committee. Experts pointed out that the central economic zone should be separated from the city due to the population density and traffic jams in Yangon. The project will be built on a 37-acre site […]

Sembcorp Industries signs S$420 million accord to develop Myanmar’s biggest power plant

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. SINGAPORE – Sembcorp Industries has announced a memorandum of understanding with the Myanmar government to invest in and develop the country’s largest gas-fired power plant to help address a power shortage. The company said it wholly-owned subsidiary, Sembcorp […]

Condominium Market in Yangon 1H, 2015

Research & Forecast Report Yangon | Condominium Market 1H 2015 Sales continue to dampen; project launches to hit new record low this year The number of condominium units launched in 1H 2015 continued to be robust despite the weakening sales performance from both new and old projects. The sales take-up rate dropped significantly by 20% […]

Daewoo International CEO dismissed over Myanmar sale

POSCO has decided to dismiss Daewoo International CEO Jeon Byeong-eal for openly disapproving of its plan to dispose of Daewoo’s stake in a Myanmar natural gas project, officials familiar with the matter said Wednesday. The world’s fourth-largest steelmaker is expected to accept the resignation tendered by Jeon on May 14. Jeon and 31 other heads […]

Regional government rejects proposal on controversial property projects

The Yangon Region government has shot down a proposal to suspend or cancel controversial property projects near Shwedagon Pagoda, as a committee of monks announced they intend to stop the projects from going ahead. The five multi-million-dollar developments just south of Shwedagon were halted in January by the Myanmar Investment Commission amid zoning concerns. Bahan […]

Luxury project planned in Ngwe Saung

A Hong Kong-Myanmar joint venture plans to build a luxury mixed use development aimed at high net worth individuals, to the south of Ngwe Saung village in Ayeyarwady Region. The project will include hotels, residential units, 20 kilometres of white sand beach, a jetty and a golf course. Hong Kong based H&Co Real Estate Holdings […]

Villages, Residents Stand in Way of Dawei Rubber Farm

Sixteen villages inhabited largely by indigenous ethnic Karen people in Dawei district, where a major special economic zone in southern Myanmar is planned, will be leveled to make way for a large-scale rubber plantation, according to local residents. The 50,000-acre plantation in southernmost Tenasserim Division will be operated by Myanmar Mahar Dahna Co. Ltd. in […]

Ministry of Livestock, Fisheries and Rural Development to invite Expression of Interest for the Construction of low cost housing programme

Ministry of Livestock, Fisheries and Rural Development Expression of Interest for the Construction of Cost-Sharing Economic Standard Housing Programme The Ministry of Livestock, Fisheries and Rural Department (MoLFRD) now invites International and Local Companies who are interested to invest in construction of low cost housing programme joint venturing with the MoLFRD and Myanmar International Cooperation […]