Shares Outstanding as Public Bus Company Nears Launch

Burma’s first public bus company, which is expected to launch routes in Rangoon late this month, has so far raised 3.8 billion kyats (US$2.9 million) in a sale of shares to fund the first phase of the transportation service, according to an official. The project will introduce a Bus Rapid Transit (BRT) system to Rangoon, […]

Shwe Taung launches $300m project in downtown Yangon

Shwe Taung Group of Companies yesterday launched a mixed-use project worth US$300 million in the centre of Yangon, demonstrating that the local conglomerate has shaken off its controversial past to emerge as a viable partner in the eyes of many international investors. Junction City, designed by DP Architects from Singapore, will include a five-star hotel […]

Ministry of construction announces procurement result of Maubin-Pyapon road rehabilitation project

REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF CONSTRUCTION DEPARTMENT OF HIGHWAYS Procurement Result of Maubin-Pyapon Road Rehabilitation Project (ADB Loan 3199-MYA) Department of Highways, Ministry of Construction invited bids for Maubin- Pyapon Road Rehabilitation Project funded by the Asian Development Bank (ADB) on 13.9 2014 and the following table is shown the procurement result […]

Compensation key for cancelled projects

Popular concern that the projects could undermine nearby Shwedagon or block the view of the famous landmark was driven by the monk-led Save Shwedagon Campaign. Yet the companies themselves had put considerable time, money and effort into the project, and as far as they knew were following the law. With the developments now finished, experts […]

Changes to five condominium projects mulled by YCDC

Yangon City Development Committee is now putting together a master plan on five paused construction projects after two other official bodies weighed in with recommendations, according to government officials. The five were initially suspended in late January following concern from some members of the public and government officials that the height of the projects may […]

Debate rages on Yangon waterfront’s future

The port facilities ringing Strand Road on the Yangon River are being upgraded even as some experts are calling for increased public use of Yangon’s waterfront. Myanma Port Authority is overseeing the construction of 10 new jetties by a range of companies, all of which are slated to open this year. Plans include constructing more […]

Five projects near Shwedagon are suspended

Five large construction projects have been suspended by government authorities due to concerns over proximity to Shwedagon, according to local media. The Thu Kha Yadanar Co, Shwe Taung Hday Development, Dagon City 1 by Marga Landmark, Shwe Taung Development and Adventure Myanmar Tour and Incentives projects have all been put on hiatus while Yangon and […]

NEC, Shwe Taung to Provide Network and Security Infrastructure for MICC

Local conglomerate Shwe Taung Group together with NEC Asia Pacific announced that the firms will provide network and security infrastructure for the Myanmar International Convention Centre in the country’s capital Nay Pyi Taw. Through the deal, NEC Asia Pacific, a subsidiary of Japanese IT and network technologies company NEC Corp, will be the main information […]

Capital-hungry Myanmar firms cautiously drawn to Singapore listings

“Many Myanmar business owners admire the reputation of Singapore Inc and look forward to raising their own prestige that comes with a Singapore listing,” said Kim Huat Chia, head of corporate & capital markets at Singapore law firm Rajah & Tann. But hurdles to successful offerings are high. Singapore’s bourse says while it has seen […]

150 local companies registered to do oil and gas business with foreign firms

Over 150 Myanmar companies, including Shwe Taung, Edin and IGE, Kanbawza, A-1, Tarmoenye Chantha, have been registered in the Ministry of Energy to cooperate with foreign firms that will invest in the oil and natural gas sector, according to the Ministry. The Ministry of Energy offered tenders 18 inland blocks of oil and gas in […]