Malaysian firm cancels Yangon office tower

A Malaysian company has cancelled plans to build a 32-storey office tower in Yangon with a local partner after the two sides failed to agree on the terms of the joint venture. Bursa Malaysia-listed Naim Indah Corporation filed a note to the exchange on June 6 to say that its subsidiary, Naim Indah City Development, […]

Electricity demand soars as cuts hit Yangon

Myanmar’s electricity demand is constantly increasing and 7.2 million new household electricity connections will be required by 2030, according to analysts speaking yesterday at the Myanmar Power Utilities Congress 2015 in Yangon. Chester Toh, head of integrated regulatory practice at Rajah and Tann law firm, said demand will increase by an average of 450,000 new […]