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Hong Kong Firm Close to Finalizing New Yangon City Proposal

Hong Kong-listed China Communications Construction Co. Ltd (CCCC) has nearly finalized its proposal for the development of US$1.5 billion (2.4 trillion kyats) worth of initial infrastructure for the controversial “New Yangon City” project across the Yangon River from Myanmar’s commercial capital, according to a government body established to oversee the project. New Yangon Development Company […]

New Yangon City CEO Urges Gov’t to Act Quickly to Secure Chinese Investment

The CEO of the New Yangon City project said he believed the controversial project on the western bank of the Yangon River will be “a success” if Myanmar is able to take advantage of trade tensions between the U.S. and China and lure more foreign investors. “I believe we will succeed; now is the right […]

Yangon lacking resilience to face future disasters

Nothing is normal these days when it comes to Myanmar’s weather. In Yangon, residents talk about a time when they used to wear sweaters or scarves in the colder months, when the early morning was crisp and people would exercise to stay warm. Not anymore. Yet, this rise in temperature is just a small indicator […]

Red Dot introduces payment system for secure flood drive

Local payment services firm Red Dot has introduced a new way to donate money for victims of this year’s flooding, which has so far affected up to 1 million people in 12 of the country’s 14 states and regions. One hundred percent of donated funds will go to two local NGOs: Ayeyarwady Foundation and Hero […]

Tourism Pro: ‘What We Need Is Stability’

Burma expected to receive at least five million tourists in 2015, but so far there have only been about two million arrivals. This week the Irrawaddy spoke with Aung Myat Kyaw, chairman of the Union of Myanmar Travel Association, about tourism prospects for this year. Estimates have placed tourist figures for this year around five […]

Never again: flood-proofing Myanmar

On the banks of the bursting Ayeyarwady River, U Han Soe sits on a bench in the village school – the sturdiest building for miles around. On the banks of the bursting Ayeyarwady River, U Han Soe sits on a bench in the village school – the sturdiest building for miles around.On the banks of […]

Surbana touts smart plans for preventing floods

Severe flooding across Myanmar over the past few weeks has been deemed by many to be the worst natural disaster to hit the country in a decade. In response, the Ministry of Construction has asked for advice on how to prevent such a tragedy happening again in the future, according to Wong Heang, Group CEO […]

Floods take a toll on domestic economy

Commodity prices have spiked with the flooding of hundreds of thousands of acres of farmland, hitting domestic consumers in the pocketbook. Experts are calling for a coordinated government and private sector response to ensure the spike does not get out of control. U Ko Ko Gyi, a member of the Pyithu Hluttaw from Mandalay Region […]

Flooding not putting a dent in tourist agendas

Despite flooding occurring in 11 of Myanmar’s 14 states and regions, tourism to the country has not been affected and travellers are still visiting the most popular destinations, tour operators say. U Myat Thu, operations manager for Columbus Travel and Tours, told The Myanmar Times that flooding has not impacted major tourist destinations. “Everything is […]