China ups its game in Myanmar’s SEZ race

CHINESE investors have expressed an interest in investing and developing the area across Yangon River and to construct an international airport, a port and housing projects, according to a local Chinese business association. The proposed locality and projects overlap with the prospective South Korea-led special economic zone. Members of the Yangon-headquartered Myanmar Chinese Chamber of […]

India Donates Cargo Vessels to Myanmar to Support Transport Project

 India handed over six donated cargo vessels to Myanmar to support the joint Myanmar-India Kaladan Multimodal Transportation Project, said a press release from the Inland Water Transport (IWT) late Thursday. Handed over at the Sittway Port in Myanmar’s western Rakhine state, the six cargo vessels, worth 81.29 million U.S. dollars, are in readiness to transport […]

Bidding for Waste-to-Energy Plant Soon

The next energy plant which can recycle all waste and rubbish produced in Yangon will be built after calling for tenders, according to Dr Aung Myint Maw, Assistant Chief Engineer, Pollution Control and Cleansing Department of Yangon City Development Committee (YCDC). The cost for building the plant was equally shared by both governments while the […]

Upgrade Underway to Improve Power in Yangon

The government is upgrading electricity generation, transmission and distribution in Yangon Region, Daw Nilar Kyaw, minister of Electricity, Industry, Transport and Communication, told a news conference to mark the first anniversary of the government. She said that during fiscal 2016-17, the Yangon Electricity Supply Corporation (YESC) installed new cables in a pilot project in Hlaing, Dala, Tarmwe and Hlaing […]

Contracts of Foreign Investors at Inactive SEZs to be Reviewed

​​ Myanmar should establish new special econom­ic zones and contracts with foreign investors at inactive SEZs should be reviewed, the commerce minister has said. Dr Than Myint, chair­man of the SEZ Central Working Committee and Union Minister of the Ministry of Commerce, was speaking at a meeting with union ministers. “SEZs are one of the […]

Myanmar-Japan venture to farm eels for export

Myanmar is set to increase its exports of farmed eels to Japan, the world’s biggest consumer of the fish, under a joint venture between companies from the two countries. Under an agreement between Myanmar’s Anawa Devi Fishing & General Trading Co-op Ltd and Daiichi Koutsu Sangyo Co, a major Japanese taxi operator which has diversified […]

Playing PPP Catch-up

Public-private partnerships (PPPs) have been used as a mechanism to build and upgrade infrastructure in the developing countries of Southeast Asia for several decades. However, PPPs are relatively new to Myanmar. The country is lagging behind the other ASEAN member states, and its development needs are enormous. Myanmar can benefit from PPPs for both hard […]

Agents See Property Growth In Outer City

Local real estate agents in the south-west of Yangon are backing a range infrastructure development projects to boost demand for real estate in outskirts of the city, in areas such as Dala, Kawhmu, Kungyangon, Sikkyi Kanaungto and Twante townships. U Aung Thu, a real estate agent in Dala township, said investors were interested in that area because […]

Waste-to-energy plant project in Shwepyitha 25 % finished

THE country’s first-ever waste-to-energy plant being established Industrial Zone is 25 per cent completed, and is estimated to be finished by March 2017, according to a senior officer from the Yangon City Development Committee. Since October last year, the Yangon Waste to Energy Plant Project has been implemented by the YCDC and the tender-winning Japanese […]

Real estate rush in Twante township

In the eyes of land speculators the stars are aligning for Twante township on the outskirts of Yangon, which is swiftly being linked to the city by new roads and bridges and is located beside a huge new development project, the Southwest New City. The sleepy township depends on agriculture and most of its residents are farmers, […]