Kandawgyi Park helium balloon project garners objections

A ballooning plan to provide tourists with a bird’s-eye view of Kandawgyi Park may yet be deflated by lawmakers trying to jettison the proposal. Myanmar Voyages International Tourism Company said it has already secured permission to launch a helium balloon venture above Yangon’s Kandawgyi Lake. The chair of the company said the plan will help […]

Power plant tender winner to be announced next week

The Ministry of Electricity and Energy will announce the winners of a tender to build a 300-megawatt power plant in Yangon next week, ministry officials said. The tender was issued in July for a five-year contract to supply 300MW of power to Yangon each day – the government’s first tender after taking office in April. Of the […]

Energy Advisor Woos Investors, But Hints at “Dark Forces”

U Soe Myint, a national energy sector advisor to the Asian Development Bank and former director general of Ministry of Energy’s Energy Planning Department, told a business seminar that more foreign investment is needed in the oil and gas sector, but they should be aware of uncertainty. He said that in addition to oil exploration, […]

Singapore-Myanmar joint venture Modern Montessori International Group starts Yangon pre-school

A JOINT venture between Singapore and Myanmar has made an early entrance into the latter’s pre-school education market. The company has opened a $500,000 Modern Montessori International (MMI) Group centre in the nation’s largest city Yangon, in the affluent Bahan township. The pre-school was officially opened yesterday. It will be managed by MMI’s local franchisee, […]

Angry Thilawah SEZ residents to take legal actions

Angry Thilawah Special Economic Zone (SEZ) residents and land-owners are preparing to take legal actions against the divisional government over compensation. “The Yangon divisional government informed us to wait for a week on August 23. They assured us that they would negotiate the best offer. We would contest a legal suit if they do not […]