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Wärtsilä awarded 40MW equipment supply contract for power plant in Myanmar

Wärtsilä has been awarded a 40MW equipment supply contract for a power plant in Shwe Taung, Myanmar. The MCM Power facility aims to help meet the nation’s increasing energy demand by feeding baseload power into the national grid and alleviate its ongoing energy shortage. The plant will operate on four natural gas engines and is […]

Singapore well-positioned to contribute expertise to infrastructure in region: Infrastructure Asia chief

SINGAPORE – Mention infrastructure in Singapore, and one might think of Jewel at Changi Airport, or the Greater Southern Waterfront development announced in Prime Minister Lee Hsien Loong’s recent National Day Rally. But the city-state is looking beyond its shores to export its infrastructure expertise. Since October last year, Infrastructure Asia (IA), which is jointly […]

YCDC official says unutilised industrial land could be appropriated

No businesses have been set up on some 40 percent of the land designated as industrial zones in Yangon and action will be taken to rectify the matter, say city officials Yangon City Development Committee Associate Secretary U Than said that unused land would be appropriated in a press conference on Monday. “While some 60pc […]

Prospects look bright for South Korean-backed industrial complex near Yangon

The Korea-Myanmar Industrial Complex (KMIC) is set to be among the best industrial complexes in Myanmar and will help unlock the potential of Myanmar, China, India, and ASEAN as markets, Kim Gunwoo, general manager of the Korea Land and Housing Corporation (Myanmar), said in an interview with The Myanmar Times. Korea Land and Housing Corporation […]

Picking up speed on Yangon’s Circular Railway

A RIDE on Yangon’s Circular Railway offers a fascinating if bumpy tour around the commercial capital in the company of passengers from all walks of life, including commuters, vendors and beggars. The 46-kilometre line, with 38 stops, also provides a glimpse of the daily lives of the city’s residents during a round-trip that passes through […]

Taking a Quantum Leap to Revamp Myanmar’s Economy

YANGON—Since last year, Myanmar officials responsible for drumming up foreign investment have been shuttling between Naypyitaw and Asian countries to pitch the government’s latest legal, procedural, and institutional reforms to potential investors as part of efforts to revitalize the country’s economy. State Counselor Daw Aung San Suu Kyi often highlights foreign direct investment (FDI) as […]

Bridging the gap: Yangon’s boom falls short across river

On her scruffy, downtrodden bank of the river, teashop-owner Khin works just a few hundred metres across the muddy water from Yangon and dreams of the riches promised by a new bridge linking to Myanmar’s commercial heart. “The quicker, the better,” 58-year-old Khin Than Myint tells AFP of the construction of the US$168 million bridge, […]

Govt to focus on supporting growth of digital economy, telecoms infrastructure

A senior government official says that the government is set to focus on supporting the digital economy next year. Deputy Director General of Posts and Telecommunications U Than Thun Aung said this in his speech during the Myanmar Connect 2019 Conference on Tuesday. U Than Thun Aung said regulatory areas that will be the focus […]

Myanmar to use US$1 billion loan for infrastructure projects

Economic development, agriculture, electricity, and infrastructure projects will be the focus of a framework for loans between South Korea and Myanmar. On September 3, Union Minister for Investment and Foreign Economic Relations U Thaung Tun and South Korea’s Minister for Foreign Affairs Ms Kang Kyung-wha signed the framework agreement under which South Korea will provide […]

Japanese firm joins consortium for Yangon station redevelopment

Japan’s Sumitomo Corporation will replace China’s Sino Great Wall Co., which has withdrawn from the project to upgrade Yangon Central Railway Station, managing director U Ba Myint of Myanma Railways told The Irrawaddy. The Yangon Central Railways Station Area Comprehensive Development Project was unveiled in 2015. In February 2016, 15 companies were shortlisted and two […]