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Is Myanmar Ready to Become a Regional Trade and Supply Hub?

Japanese Prime Minister Shinzo Abe recently pledged to promote more than 150 quality infrastructure projects in five nations in the Mekong River subregion—Myanmar, Thailand, Vietnam, Cambodia and Laos—under a new blueprint, the Tokyo Strategy 2018 for Mekong-Japan Cooperation, which will be effective from 2019 to 2021. Japan and China are competing for influence in Southeast […]

Kyaukphyu port: What happens next?

After more than two years of negotiations, the Myanmar government and China’s state-owned CITIC Group signed the framework agreement for the proposed US$1.3 billion deep-sea port in Kyaukphyu on November 8. At the press conference, CITIC chair Chang Zhenming said this meant “the beginning of further steps”. “Signing this agreement is the starting step for […]

Myanmar’s not-so-underground casinos in line for legalization

MYAWADDY, Myanmar — Casinos are banned in Myanmar, but you would not know that by looking at the ones in the country’s border areas. In the eastern town of Myawaddy, across a river from Thailand, the gaming houses light up the night like their counterparts in Macau or Las Vegas, though they are smaller. Little […]

Parliament approves to borrow US$80 M from ADB

Union Parliament approved to borrow US$80 million from Asian Development Bank (ADB) for towns along Greater Mekong Sub-region development project. Kyaw Tin, Deputy Minister for Construction said the project is to develop towns located along the East-West Economic Corridor in Greater Mekong Sub-region. The ministry chose Hpa-an and Myawady from Kayin State and Mawlamyaing from […]

Myanmar renews SEZ push

Myanmar’s special economic zones (SEZs) are a central part of a revitalised economic strategy in which increased manufacturing activity will play a key role. And breathing renewed life and energy into stagnant or stalled SEZs has moved to the top of the government’s agenda. “SEZs promote the transfer of technology, encourage infrastructure development and attract […]

ADB Urges Myanmar to Fix Big Infra Gap

​​ EVEN THOUGH Myanmar is at a critical juncture politically, socially and economically, it has a substantial infrastructure gap that needs to be tackled as a priority, said Winfried Wicklein, Asian Development Bank’s country director in Myanmar. “I think it is important to start the development quickly to get some early runs on the board. […]

China Road & Bridge Corporation won the Greater Mekong Sub-region, East West Economic Corridor Road Improvement Project

Subscribe to our tender alert mailing list REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF CONSTRUCTION DEPARTMENT OF HIGHWAYS Procurement Result of Greater Mekong Sub-Region, East West Economic Corridor (GMS EWEC ) Eindu to Kawkareik Road Improvement Project (ADB Project No.46422-003 MYA). See location of road on Google Map at https://goo.gl/maps/io4AvMPDTb12   Department Of Highways, […]

India-Myanmar-Thailand trilateral highway agreement soon

NEW DELHI: The dream of a seamless travel in Southeast Asian countries will soon be reality with India all set to sign a strategic trilateral highway agreement connecting India-Myanmar-Thailand via road which is expected to give a big boost to trade and economy in ASEAN countries. According to the Ministry of Road, Transport and Highways […]

Roads can convert Myanmar from economic void to hub

  YANGON — Once regarded as “Asia’s missing link,” Myanmar is undergoing a road construction boom. Seen as vital for economic development, arterial roads are being planned and built with greater urgency, and advances in democratization as well as cease-fires with ethnic minority rebels have sped projects along. The construction of roads connecting Myanmar with […]