Auto group to invest in new bus system

The Myanmar Automobile Manufacturers and Distributors Association (MAMDA) plans to invest into a new bus system that promises to transform travel for Yangon’s commuters. The new system, known as bus rapid transit (BRT) lite, will include dedicated bus lanes, as well as new buses to replace existing ancient vehicles. MAMDA hopes to be involved as […]

China wants to invest in Dawei deep-sea port and Thilawa Industrial Zone

President U Thein Sein met with State Councillor and Secretary General of China’s State Council Mr. Yang Jing, at the Presidential Palace on Monday, 11 May 2015. Discussions centred on investment in industrial zones and the 21st Great Silk Waterway and the Great Silk Road. Myanmar has a possible link with the two because there […]

Hong Kong garment firm invests $5.5m in Myanmar

Hong Kong-based Prosperity Knitwear Myanmar Ltd has invested US$5.5 million in setting up a garment factory at the former Thilawa industrial zone area this month, and it plans to up the investment to up to $45 million in 2015. The firm has investments in China, Hong Kong and Bangladesh. The opening ceremony of the company’s […]

Japan to help construct natural gas power plant in Myanmar industrial zone

Japan has promised help construct a 500-Mega watt natural gas power plant in Yangon, according to officials. The power plant will be located in Hlaingtharyar Industrial Zone and plans to be completed by 2015. An agreement for the project was made by Japanese Minister for Economy, Trade and Industry, Mr. Toshimitsu Motegi during a meeting […]