Construction of highway connecting Dawei SEZ, Htikhee to commence next year

The construction of a 140-kilometer two-lane highway connecting the Dawei Special Economic Zone (SEZ), in Tanintharyi Region to the Htikhee at the Thai border will commence in mid-2021, according to the Dawei SEZ Management Committee. When complete, it will take travellers from the SEZ about2.5 hours to reach Htikhee by car. It will take another […]

Myanmar replies to Japan’s offer for cooperation in Dawei SEZ

Myanmar welcomes Japan’s offer to invest in the Dawei Special Economic Zone project in Tanintharyi Region, according to the Dawei SEZ Management Committee. An official reply from the Ministry of Foreign Affairs has been sent to Japan. Japan on November 5 offered to invest in the long delayed Dawei SEZ, expected to be Southeast Asia’s […]

Yangon Elevated Expressway, phase one to cost $800 million

Phase one of the Yangon Elevated Expressway Project, which includes construction of the Yangon Elevated Expressway and the Yangon Circular Expressway, will cost around $800 million, according to U Han Zaw, union minister for the Ministry of Construction. “The project is part of a Public Private Partnership (PPP) system with the Yangon region, and will […]

Can Myanmar become a cashless society?

Cash is king, or so the saying goes, and this is especially true in Myanmar. Traditional financial institutions don’t have a strong hold on the market – an estimated 74% of Myanmar’s citizens don’t have a bank account – and fintech apps such as e-wallets are a relatively novel concept. Long known to be Asia’s […]