NHAI awards first international highway project in Myanmar to Punj Lloyd-Varaha

The National Highway Authority of India has awarded its first international project in Myanmar to a joint venture of Punj Lloyd-Varaha. This is for the upgradation of the Yagyi–Kalewa section in Myanmar to two lanes with earthern shoulder in the engineering, procurement, and construction mode. An official statement said the 120-km-long project was estimated to […]

ATEC Expands to Myanmar to Offer CompEx Courses

Singapore-based ATEC Group has announced a joint venture with Cyprus-based Uniteam Training Limited to provide CompEx training and assessments in Yangon to tap the growing need for certified electrical and mechanical technicians in the country. CompEx (Competency in Ex atmospheres) is a global certification scheme for electrical and mechanical practitioners and designers working in potentially […]

German giant returns to Myanmar

German engineering group ThyssenKrupp has returned to Myanmar to resume a relationship that dates back more than 85 years. It opened an office in Sule, downtown Yangon, last month to show the group’s commitment to the long-term growth of Myanmar, said Stefan Schmitt, ThyssenKrupp’s Asia-Pacific CEO, adding that the Myanmar market was part of its […]

Daewoo International CEO dismissed over Myanmar sale

POSCO has decided to dismiss Daewoo International CEO Jeon Byeong-eal for openly disapproving of its plan to dispose of Daewoo’s stake in a Myanmar natural gas project, officials familiar with the matter said Wednesday. The world’s fourth-largest steelmaker is expected to accept the resignation tendered by Jeon on May 14. Jeon and 31 other heads […]

Vietnam firm marks initial step in penetrating Myanmar construction market

A Vietnamese construction company on Friday celebrated the ‘topping out’ of a tower complex in Myanmar, which it said is the first step in its bid to enter the Southeast Asian country’s construction market. Hoa Binh Corporation organized the topping out ceremony – a traditional rite held when the last beam is placed atop a […]

Slipform Systems Austria presents Slip Form Method of Construction

Slipform Systems Austria is pleased to invite you to a presentation on   Slip Form Method of Construction   To be delivered by Mr Jurgen Kindermann CEO, Slipform Systems Austria Company www.slipform-austria.com Date Thurs 19th March 2015 Time 2 pm to 5 pm Venue Sedona Hotel, Mindon Room RSVP By 16th March 2015 by sending […]

Myanmar growing at breakneck speed

When Singapore lawyer Chester Toh starting working in Yangon, Myanmar’s commercial centre, 18 months ago, his commute to the centre took 15 minutes; now it’s a 45-minute slog through increasingly clogged streets. Call it the price of progress, or reform to be more exact. Toh, a partner at law firm Rajah & Tann, told The […]

Yangon More Expensive Than Manhattan Sparking Boom: Real Estate

Sean Danley has spent the past six months scouting office space in Yangon after being sent to establish the Myanmar branch of his U.S.-based employer. He looked in the city’s three sole 1990s-era towers, where annual rents have climbed to more than $100 a square foot, compared with less than $75 in downtown Manhattan, according […]