Japan invests in Dawei

The multibillion-dollar Dawei special economic zone (SEZ) and related projects will go ahead at full scale after Japan yesterday agreed to take a one-third equity stake in the associated special purpose vehicle (SPV) jointly set up by Myanmar and Thailand. The deal was struck at the fifth Myanmar-Thailand Joint High-Level Committee Meeting that was attended […]

2nd Thai-Myanmar bridge signed

Transport Minister Arkhom Termpittayapaisith signed an official agreement on Thursday for the construction of a second Thai-Myanmar bridge across the Moei River from Mae Sot district of Tak province. The minister said he signed the deal with Myanmar Construction Minister U Kyaw Lwin in Naypyidaw on Thursday. Thailand’s Highways Department is responsible for the construction […]

Poor aviation infrastructure hinders Myanmar’s aviation potential

Slow improvement in aviation infrastructure remains the biggest hurdle that Myanmar must overcome if it is to cash in on the Asean Open Skies or even pursue its dream to become an aviation hub in Asia. At the Myanmar Civil Aviation Development Conference in March 2014, Transport Minister Nyan Htun Aung announced Myanmar’s vision “that […]

Yangon govt eyes space for more telecom towers

Foreign telecom operators will be permitted to rent land owned by government ministries in Yangon Region to set up transmission towers, according Aung Khin, Yangon Region’s transport minister. The regional government has set up a team with members from the Yangon City Development Committee, city development and communication departments to facilitate the process, he said. […]

Myanma Airways to Lease 10 Boeing Jets With Expansion in Mind

YANGON — Myanmar’s national flag carrier Myanma Airways has inked a deal with General Electric Capital Aviation Services (GECAS) to lease 10 commercial aircraft, and has enlisted GECAS’s AviaSolutions consulting arm to create and implement a strategic growth plan for the airline. The subsidiary of the US conglomerate General Electric signed a contract with Myanmar […]