15 companies short-listed for Yangon Central Railway Station development tender announced

Myanma Railways has shortlisted 15 firms and joint ventures, including a number of well-known local companies, that responded to an EOI to redevelop Yangon Central Railway Station and the surrounding area in downtown Yangon. This is the railway ministry’s second attempt to tender the project, after an initial tender called in 2014 was cancelled last […]

Biggest slice yet for onshore local partners

The two latest production sharing contracts for onshore oil and gas includes the biggest share yet for the local partner. Myanmar company Young Investment Group will have a 25 percent stake in onshore blocks C-1 and H, with state-owned Myanma Oil and Gas Enterprise and Young’s Canadian partners Pacific Hunt Energy Corporation controlling the rest. […]

US Holloman Corporation inks JV deal with Young Investment Group

US-based construction firm Holloman Corporation and Myanmar’s Young Investment Group have both invested US$200 million to set up the Young Holloman Corporation in Myanmar, the firms announced. U Thiha Aung, chairman of the Young Investment Group, said that the joint-venture will establish a cement-batching plant before investing further in construction and oil and gas. “We’re […]