German giant returns to Myanmar

German engineering group ThyssenKrupp has returned to Myanmar to resume a relationship that dates back more than 85 years. It opened an office in Sule, downtown Yangon, last month to show the group’s commitment to the long-term growth of Myanmar, said Stefan Schmitt, ThyssenKrupp’s Asia-Pacific CEO, adding that the Myanmar market was part of its […]

Myanmar’s Lagging Public Infrastructure

Myanmar’s railway system is perhaps the last historical relic that anyone is lining up to save. While the moldy facades of colonial buildings are receiving makeovers with bright new coats of paint, any change that comes to this dilapidated rail system will likely be as slow as the train cars that jostle people and freight […]

India’s EXIM Bank Agrees More Than $350M in Credit to Myanmar

YANGON — The Indian government’s Export-Import Bank (EXIM Bank) has said it will loan Myanmar more than US$350 million to finance irrigation projects and improvements to the country’s railways. In an announcement Dec. 26, the bank, which opened an office in Yangon in September, said it would extend credit to the Myanmar Foreign Trade Bank […]

Conservation projects in Yangon face long road ahead

Several high-profile renovation projects for Yangon’s most iconic heritage structures tendered by the state one year ago have yet to begin as the government is slow to rubberstamp master plans, while some development firms have yet to submit them, officials said. In November last year, the Myanmar Investment Commission chose four firms to separately convert […]