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 […]

Metro Cash & Carry enters Myanmar, centres Thilawa

Metro Cash & Carry, an international specialist in wholesale and food retail with a presence in 25 countries, recently entered Myanmar by kicking off construction of its warehouse in Thilawa special economic zone earlier this month. Tiparayat Kaewsringarm, deputy CEO of Metro Wholesale Myanmar, the company’s Myanmar subsidiary, said in an interview that the firm […]

Locals Object to Mandalay Hill Cable Car Installation

MANDALAY — A proposal to build a cable car at Mandalay Hill, a landmark in the cultural center of Mandalay, has been widely criticized by locals. The initial proposal, recently submitted by the Korean company Sky Dream Co. Ltd., to the regional government, was explained to local environmentalists, lawmakers and Mandalay Hill trustee committee members […]

Yangon Low-Cost Apartments to Be Sold Next Month

Apartments in five low-cost housing projects will be sold based on a drawing-lots system at the Office of Urban and Housing Development Department on September 2, U Nway Hmu, deputy director of the housing development division under the Urban and Housing Development Department, told The Myanmar Times on August 28. 991 apartments from housing projects located in Dagon Seikan […]

Union budget funds to go on housing projects in Ayeyawun and Yadana

Funds from the Union budget have been allocated to the construction of 11 residential buildings in Ayeyawun and Yadana. Eighteen other housing projects will be carried out in cooperation with private companies under joint ventures. The chairman of the Myanmar Construction Entrepreneurs Association submitted a proposal to Vice-President Myint Swe that the government provide more […]

National Electrification Project (NEP) Call for Proposals for Mini Grid Projects (CFP2: NEP FY 2017/18) Closing Date 30 October 2017

Subscribe to our tender alert mailing list The Project Management Office (PMO) at the Department of Rural Development (DRD) is inviting interested companies to submit mini-grid proposals for consideration to receive construction subsidy and technical assistance in the financial year (2017-2018).   Target group interested mini-grid developers and associates (off-grid solar, hydro, biomass, wind or […]

4.8 Million Housing Units Required by 2040

The government’s national policy on housing will take into account the country’s urbanisation and urban migration. Myanmar’s commercial capital will need 1.07 million housing units by 2040 and the entire country will require an additional 4.8 million units by then, according to an official from the Ministry of Construction. The whole country will need 4.8 […]

Thailand’s PTT poised to gain from Myanmar deal

THAI and Myanmar officials will sign a memorandum of agreement at a meeting of Asean energy ministers next month that will take energy giant PTT a step closer towards a major gas project across the border. The singing of the agreement will pave the way for PTT to conduct a study on a Bt20 billion […]

Local Company Submits Proposal for Yangon- Mandalay Oil Pipeline

Myanmar Energy Sector Devel­opment Public Company Limited (MES­DPCL) has submitted a $300 million pipeline proposal to the Ministries of Planning & Finance and Electric Power & En­ergy, said Dr. Win Myint a member of the board of directors. The plan outlines the construction of two pipe­lines, each 14 inches in diameter, running 650 kilometers from […]

More FDI essential for substantial increase in garment exports

The study called for an expansion of training in the garments sector to tackle shortages of high-level skill as well as complementary reforms in finance and trade policy. The briefing paper Foreign direct investment and economic transformation in Myanmar, written by Stephen Gelb, was published in June 2017 by Supporting Economic Transformation (SET). Funded by […]