Land prices in Kyaukphyu SEZ jump 50 per cent amid competitive buying

LAND within the demarcated area of the yet-to-be-built Kyaukphyu Special Economic Zone (SEZ), located in Myanmar’s western Rakhine State, went on sale in January of this year to competitive purchasing, which has brought the value of land up by nearly 50 per cent in the last four months, according to real estate agents. “News spread […]

Govt reserves land for Rakhine state SEZ

The government has set aside 1708 hectares (4289.32 acres) for the future Kyaukphyu Special Economic Zone in Rakhine State, parliament heard on December 3. Deputy rail minister U Myint Thein, the chair of the Kyaukphyu SEZ management committee, said the zone would comprise two deep-sea ports of 148 hectares and 95 hectares in extent respectively, […]

Mitsubishi, Hitachi to invest $20m in domestic train network

Riding on Myanmar’s antiquated railway network is not an experience for the impatient or infirm. American travel writer Paul Theroux, in The Great Railway Bazaar, quotes a policeman on the Yangon-Mandalay line as it breaks down for the fourth time. “It is a slow train,” he says. “Dirty and old – old coaches, old engines.” […]

Experts warn of ‘urgent’ need to prepare Yangon for earthquakes

Earthquake experts met in Yangon this week to draw up plans to limit the damage that a seismic event could inflict on the city and its inhabitants. The Yangon city seismic hazard assessment project, which aims to develop a sustainable city plan, was launched on February 19. The immediate result of the project will be […]

Kyaukphyu SEZ Shares to Go on Sale

The company formed by local businesses to develop the Kyaukphyu special economic zone (SEZ) will start selling its shares to the public later this year, a senior executive of the company said. The shares of Myanmar Kyaukphyu SEZ Public Holding Co Ltd will be sold at a price of K10,000 each, U Tin Aung, secretary […]