CB Bank enter into technical collaboration with CISCO for Data Center and Core Network Infrastructure

YANGON, Myanmar, Oct. 11, 2017 /PRNewswire/ — CB Bank and Cisco are pleased to enter a technical collaboration agreement to transform the Data Center and Core Network Infrastructure to enable core banking application, digital banking and international services to be delivered to its customers and partners in a secure manner. At the same time, CB […]

Land dispute in Myotha industrial park nears end

Ninety percent of lands that were taken for an industrial project has been compensated for in the Myotha industrial park in Mandalay Region, said U Tun Soe, deputy staff officer of Land Records Department. The compensation for lands grabbed in the Myotha industrial park project is K2million per acre for farmlands with rights already granted […]

Frustration mounts as Kyaukphyu port negotiations stall

Kyaukphyu’s Chinese investors have hit back at criticisms over their majority stake in a proposed deep-sea port in Rakhine. They emphasised that it was the Myanmar government who drew up the shareholder structure and that the ball is in Nay Pyi Taw’s court to break the inertia and move the negotiations forward. Kyaukphyu is the […]

M-development Corp signs Chanmyashwepyay project in Mandalay

M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]

Myanmar’s first cable car on track to open in December

Construction of the Kyaikhteeyoe cable car project, the first such service in Myanmar, connecting Yathaetaung and Kyaikhteeyoe hill in Kyaikhto, Mon State, is 90 per cent finished and is planned to open in the first week of December, according to the project officer. “It is nearly completed. We are now doing the finishing touches to […]

CMP garment sector may fetch $3bln this year

Export earnings from the CMP (cutting, making and packaging) garment sector are expected to exceed US$3 billion (4.1 trillion kyat) this year, according to the Myanmar Garment Entrepreneurs Association(MGEA). MGEA chair Myint Soe, said that the European Union “has topped the lists of garment order, followed by Japan, South Korea and other countries”. This year, […]

Chinese developer to invest US$390m in Mandalay project

The Myotha Garden town project is being developed with the aim of attracting foreign investment. China’s Mandalay Boashang Myotha Development Co Ltd plans to invest US$390 million in the Myotha Garden town project that is being jointly developed by the Mandalay regional government and Mandalay Myotha Industrial Development Public Co. Ltd. (MMID), sources said. The […]

Myanmar’s Dagon invests in Burst Networks’ upcoming Tier IV data center

Yangon facility gets closer to reality with a new investment Myanmar conglomerate Dagon International Limited has acquired a 14 percent stake in a data center being built by regional telecoms company Burst Networks The project aims to be the country’s first Uptime-certified Tier IV data center, and is located in the Thilawa Special Economic Zone […]

Yangon-Dalla bridge construction gets underway

The Yangon-Dalla river bridge project will be started in January 2018 and currently ground clearing work is underway, a Dalla constituency legislator of Yangon Region Assembly said. The bridge will connect Hponegyi Road on the Yangon side with the Bominyaung Road on the Dalla side. Yangon Region Legislative Assembly Dalla Constituency 2 legislator Tun Yin […]