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 […]

Local businesses propose to establish industrial zone in central Myanmar

YANGON, Sept. 2 (Xinhua) — Local businesses will submit a proposal to the regional government in Myanmar’s central Magway to establish an industrial zone there, the official Global New Light of Myanmar reported Sunday. The industrial zone was proposed to be located far from the residential area as the noise, odor and air pollution from […]

Korean investments could kick start long-delayed construction of Dala Bridge

An industrial zone to be developed by the Yangon regional government and Myanmar Wooree Co, a South Korean firm, at the west bank of the Yangon River could be the impetus needed for construction of the much-touted Dala Bridge to commence. Once the bridge, which will connect downtown Yangon to the western side of town, […]

Yangon, Amata Corp discuss details of industrial zone project

On August 7, U Phyo Min Thein, chief minister of Yangon Region Government met with executives of Thai industrial estate developer Amata Corporation PCL at the Yangon Region Office to discuss the Yangon Amata Smart and Eco City Project. Talks revolved around nailing down the construction plan and building a 150 megawatt power plant for […]

MPs raise concerns over consequences of Yangon expansion

Since the start of the year, Yangon has announced ambitious plans for expansion and new infrastructure. ‘’The Yangon population will hit 10 million in the next two decades and it can be a mega city by 2040, said Daw Nilar Kyaw of Yangon regional minister for Electricity, Industry and Transportation. But while the developments are […]

Bridges and roads part of Myanmar’s New Yangon development

At least two bridges and dozens of kilometres of roads are part of phase one of an ambitious Myanmar plan to build a new city. Other infrastructure projects are an industrial zone, a power plant and water and sewage treatment plants, according to the newly created overseeing body, New Yangon Development Corporation – NYDC. The […]

Siam Cement sees opportunities along Belt & Road

Thai conglomerate’s CLMV investments will pave way to China and India, CEO says HONG KONG — Thai industrial conglomerate Siam Cement Group will look for investment possibilities in South China and India in the years ahead, as China shapes its vision of the Belt and Road Initiative, President and CEO Roongrote Rangsiyopash said Monday. The […]

Yangon furniture zone in the works

Local furniture makers and Yangon Chief Minister U Phyo Min Thein met recently to thresh out details of a planned furniture industrial zone aimed at developing the country’s furniture industry. The planned industrial zone is also expected to boost the quality of the furniture products intended for exports, according to Kyaw Kyaw Win, president of […]

MP calls on Yangon to convert idle buildings and land into money earners, job generators

A regional legislator has proposed that the Yangon government seizes idle buildings and land plots and turn it into productive assets that would not only earn income for the government but also generate employment for the people. MP U Hla Htay from Mingalar Taung Nyunt township noted in his proposal to Yangon Region Parliament on […]

Wanted: Female bus drivers in Yangon for a safer ride

YANGON — Ms Ma Myat Yi Mon is the only female driver for Yangon Bus Service (YBS) – and she has provided a welcome change for passengers. Having long put up with rude, vulgar and reckless male drivers they called for more women behind the wheel. The authorities agreed and the YBS’s governing body, the […]